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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest income:      
Loans $ 554,744 $ 460,162 $ 433,788
Mortgage-backed securities 50,359 31,298 11,614
Investment securities and other 43,777 24,113 3,797
Total interest income 648,880 515,573 449,199
Interest expense:      
Deposits 75,965 32,239 39,014
Securities sold under agreements to repurchase 3,306 0 0
Advances from FHLB and other borrowings 8,739 733 1,641
Subordinated capital notes 0 521 1,174
Total interest expense 88,010 33,493 41,829
Net interest income 560,870 482,080 407,370
Provision for credit losses 60,638 24,119 221
Net interest income after provision for credit losses 500,232 457,961 407,149
Non-interest income:      
Banking service revenue 70,078 71,161 71,706
Wealth management revenue 32,990 32,635 35,044
Mortgage banking activities 18,787 21,929 22,508
Total banking and financial service revenues 121,855 125,725 129,258
Sale of securities (1,149) (247) 19
Early extinguishment of debt 0 42 (1,481)
Other non-interest income 7,675 6,170 5,414
Total non-interest income 128,381 131,690 133,210
Non-interest expense:      
Compensation and employee benefits 155,827 142,930 133,442
Occupancy, equipment and infrastructure costs 59,235 51,308 50,158
Electronic banking charges 41,336 39,554 37,202
Information technology expenses 27,162 21,891 18,965
Professional and service fees 18,764 24,842 20,080
Taxes, other than payroll and income taxes 12,968 12,999 13,829
Insurance 10,494 9,898 10,092
Loan servicing and clearing expenses 7,774 9,161 7,604
Advertising, business promotion, and strategic initiatives 8,743 8,240 6,999
Communication 4,678 4,296 4,555
Printing, postage, stationery and supplies 3,338 3,563 4,037
Director and investor relations 1,351 1,125 1,135
Foreclosed real estate and other repossessed assets income, net of expenses (405) (2,074) (3,007)
Other 12,100 17,813 20,665
Total non-interest expense 363,365 345,546 325,756
Income before income taxes 265,248 244,105 214,603
Income tax expense 83,376 77,866 68,452
Net income 181,872 166,239 146,151
Less: dividends on preferred stock 0 0 (1,255)
Net income available to common shareholders $ 181,872 $ 166,239 $ 144,896
Earnings per common share:      
Basic (in dollars per share) $ 3.85 $ 3.46 $ 2.85
Diluted (in dollars per share) $ 3.83 $ 3.44 $ 2.81
Average common shares outstanding and equivalents (in shares) 47,552 48,436 51,370
Cash dividends per share of common stock (in dollars per share) $ 0.88 $ 0.70 $ 0.40