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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income:    
Loans $ 149,594 $ 128,311
Mortgage-backed securities 19,793 10,074
Investment securities and other 14,039 10,600
Total interest income 183,426 148,985
Interest expense:    
Deposits 36,792 12,497
Advances from FHLB and other borrowings 2,532 591
Total interest expense 39,324 13,088
Net interest income 144,102 135,897
Provision for credit losses 15,121 9,445
Net interest income after provision for credit losses 128,981 126,452
Non-interest income:    
Banking service revenue 17,259 17,513
Wealth management revenue 8,107 7,120
Mortgage banking activities 4,693 3,898
Total banking and financial service revenues 30,059 28,531
Sale of securities (7) 0
Other non-interest income 296 370
Total non-interest income 30,348 28,901
Non-interest expense:    
Compensation and employee benefits 39,816 38,473
Occupancy, equipment and infrastructure costs 14,322 14,257
Electronic banking charges 10,366 10,337
Information technology expenses 6,603 6,418
Professional and service fees 4,004 5,064
Taxes, other than payroll and income taxes 3,243 3,273
Insurance 2,676 2,918
Loan servicing and clearing expenses 2,110 2,267
Advertising, business promotion, and strategic initiatives 2,379 2,036
Communication 1,081 1,029
Printing, postage, stationery and supplies 959 730
Director and investor relations 279 258
Foreclosed real estate and other repossessed assets income, net of expenses 668 793
Other 2,906 2,367
Total non-interest expense 91,412 90,220
Income before income taxes 67,917 65,133
Income tax expense 18,225 18,904
Net income available to common shareholders $ 49,692 $ 46,229
Earnings per common share:    
Basic (in dollars per share) $ 1.06 $ 0.97
Diluted (in dollars per share) $ 1.05 $ 0.96
Average common shares outstanding and equivalents (in shares) 47,343 47,944
Cash dividends per share of common stock (in dollars per share) $ 0.25 $ 0.22