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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest income:        
Loans $ 154,257 $ 135,518 $ 303,851 $ 263,829
Mortgage-backed securities 20,893 10,593 40,687 20,667
Investment securities and other 12,508 11,877 26,546 22,477
Total interest income 187,658 157,988 371,084 306,973
Interest expense:        
Deposits 37,812 15,916 74,604 28,413
Advances from FHLB and other borrowings 2,521 2,428 5,053 3,019
Total interest expense 40,333 18,344 79,657 31,432
Net interest income 147,325 139,644 291,427 275,541
Provision for credit losses 15,581 15,044 30,702 24,489
Net interest income after provision for credit losses 131,744 124,600 260,725 251,052
Non-interest income:        
Banking service revenue 18,781 17,440 36,040 34,953
Wealth management revenue 8,440 8,194 16,547 15,314
Mortgage banking activities 4,864 5,225 9,557 9,123
Total banking and financial service revenues 32,085 30,859 62,144 59,390
Net loss on sale of securities 0 (1,149) (7) (1,149)
Other non-interest income 391 363 687 733
Total non-interest income 32,476 30,073 62,824 58,974
Non-interest expense:        
Compensation and employee benefits 38,467 37,841 78,283 76,314
Occupancy, equipment and infrastructure costs 14,393 14,362 28,715 28,619
Electronic banking charges 11,687 10,262 22,053 20,598
Information technology expenses 6,565 7,188 13,168 13,606
Professional and service fees 5,117 5,319 9,121 10,383
Taxes, other than payroll and income taxes 3,224 3,265 6,467 6,538
Insurance 3,117 2,689 5,793 5,606
Loan servicing and clearing expenses 1,890 1,866 4,000 4,133
Advertising, business promotion, and strategic initiatives 2,445 2,063 4,824 4,098
Communication 1,219 1,160 2,300 2,189
Printing, postage, stationery and supplies 939 866 1,898 1,596
Foreclosed real estate and other repossessed assets income, net of expenses (731) (2,320) (63) (1,527)
Other 4,628 4,327 7,813 6,955
Total non-interest expense 92,960 88,888 184,372 179,108
Income before income taxes 71,260 65,785 139,177 130,918
Income tax expense 20,129 21,612 38,354 40,516
Net income available to common shareholders $ 51,131 $ 44,173 $ 100,823 $ 90,402
Earnings per common share:        
Basic (in dollars per share) $ 1.09 $ 0.93 $ 2.14 $ 1.91
Diluted (in dollars per share) $ 1.08 $ 0.93 $ 2.13 $ 1.89
Average common shares outstanding and equivalents (in shares) 47,131 47,490 47,244 47,716
Cash dividends per share of common stock (in dollars per share) $ 0.25 $ 0.22 $ 0.50 $ 0.44