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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest income:      
Loans $ 613,602 $ 554,744 $ 460,162
Mortgage-backed securities 91,776 50,359 31,298
Investment securities and other 44,899 43,777 24,113
Total interest income 750,277 648,880 515,573
Interest expense:      
Deposits 150,280 75,965 32,239
Securities sold under agreements to repurchase 542 3,306 0
Advances from FHLB and other borrowings 11,015 8,739 733
Subordinated capital notes 0 0 521
Total interest expense 161,837 88,010 33,493
Net interest income 588,440 560,870 482,080
Provision for credit losses 82,251 60,638 24,119
Net interest income after provision for credit losses 506,189 500,232 457,961
Non-interest income:      
Banking service revenue 66,923 70,078 71,161
Wealth management revenue 35,622 32,990 32,635
Mortgage banking activities 18,636 18,787 21,929
Total banking and financial service revenues 121,181 121,855 125,725
Sale of securities (7) (1,149) (247)
Early extinguishment of debt 0 0 42
Other non-interest income 2,075 7,675 6,170
Total non-interest income 123,249 128,381 131,690
Non-interest expense:      
Compensation and employee benefits 159,710 155,827 142,930
Occupancy, equipment and infrastructure costs 59,123 59,235 51,308
Electronic banking charges 42,816 41,336 39,554
Information technology expenses 27,582 27,162 21,891
Professional and service fees 18,876 18,764 24,842
Taxes, other than payroll and income taxes 13,949 12,968 12,999
Insurance 11,252 10,494 9,898
Loan servicing and clearing expenses 7,935 7,774 9,161
Advertising, business promotion, and strategic initiatives 9,714 8,743 8,240
Communication 4,551 4,678 4,296
Printing, postage, stationery and supplies 3,816 3,338 3,563
Foreclosed real estate and other repossessed assets expenses, net of (income) 3,012 (405) (2,074)
Other 13,354 13,451 18,938
Total non-interest expense 375,690 363,365 345,546
Income before income taxes 253,748 265,248 244,105
Income tax expense 55,578 83,376 77,866
Net income available to common shareholders $ 198,170 $ 181,872 $ 166,239
Earnings per common share:      
Basic (in dollars per share) $ 4.25 $ 3.85 $ 3.46
Diluted (in dollars per share) $ 4.23 $ 3.83 $ 3.44
Average common shares outstanding and equivalents (in shares) 46,902 47,552 48,436
Cash dividends per share of common stock (in dollars per share) $ 1.00 $ 0.88 $ 0.70