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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income    
Interest and fees on loans $ 99,325 $ 89,775
Interest and dividends on investment securities:    
Taxable interest income 19,597 19,599
Non-taxable interest income 340 743
Other interest income 6,471 988
Total interest income 125,733 111,105
Interest expense    
Deposits 43,968 14,740
Federal funds purchased and securities sold under agreements to repurchase 1,372 1,222
Short-term borrowings 232 4,822
Long-term debt 296 454
Subordinated notes 3,109 3,097
Junior subordinated debt owed to unconsolidated trusts 989 913
Total interest expense 49,966 25,248
Net interest income 75,767 85,857
Provision for credit losses 5,038 953
Net interest income after provision for credit losses 70,729 84,904
Noninterest income    
Mortgage revenue 746 288
Income on bank owned life insurance 1,419 1,652
Realized gain on the sale of mortgage servicing rights 7,465 0
Realized net gains (losses) on securities (6,802) 4
Unrealized net gains (losses) recognized on equity securities 427 (620)
Other income 3,431 3,593
Total noninterest income 35,000 31,848
Noninterest expense    
Salaries, wages, and employee benefits 42,090 40,331
Data processing 6,550 5,640
Net occupancy expense of premises 4,720 4,762
Furniture and equipment expenses 1,813 1,746
Professional fees 2,253 2,058
Amortization of intangible assets 2,409 2,729
Interchange expense 1,611 1,853
FDIC insurance 1,400 1,502
Other expense 7,923 9,782
Total noninterest expense 70,769 70,403
Income before income taxes 34,960 46,349
Income taxes 8,735 9,563
Net income $ 26,225 $ 36,786
Basic earnings per common share (in dollars per share) $ 0.47 $ 0.66
Diluted earnings per common share (in dollars per share) 0.46 0.65
Dividends declared per share of common stock (in dollars per share) $ 0.24 $ 0.24
Wealth management fees    
Noninterest income    
Noninterest income $ 15,549 $ 14,797
Fees for customer services    
Noninterest income    
Noninterest income 7,056 6,819
Payment technology solutions    
Noninterest income    
Noninterest income $ 5,709 $ 5,315