XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.3
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest income:        
Loans $ 161,334 $ 154,410 $ 471,729 $ 458,261
Mortgage-backed securities 29,244 23,935 85,923 64,622
Investment securities and other 9,567 10,685 26,062 37,231
Total interest income 200,145 189,030 583,714 560,114
Interest expense:        
Deposits 39,742 38,344 113,913 112,948
Securities sold under agreements to repurchase 986 0 1,816 0
Advances from FHLB and other borrowings 4,693 2,811 12,262 7,864
Total interest expense 45,421 41,155 127,991 120,812
Net interest income 154,724 147,875 455,723 439,302
Provision for credit losses 28,258 21,359 75,624 52,061
Net interest income after provision for credit losses 126,466 126,516 380,099 387,241
Non-interest income:        
Banking service revenue 15,930 15,554 47,893 51,594
Wealth management revenue 9,014 8,449 26,387 24,996
Mortgage banking activities 4,312 2,268 14,434 11,825
Total banking and financial service revenues 29,256 26,271 88,714 88,415
Other non-interest income 2,197 597 2,686 1,277
Total non-interest income 31,453 26,868 91,400 89,692
Non-interest expense:        
Compensation and employee benefits 39,836 38,468 119,333 116,751
Occupancy, equipment and infrastructure costs 14,994 15,124 44,443 43,839
Electronic banking charges 12,657 9,237 34,602 31,289
Information technology expenses 6,805 6,899 19,771 20,067
Professional and service fees 5,336 4,976 15,267 14,097
Taxes, other than payroll and income taxes 4,153 3,742 11,622 10,209
Insurance 2,721 2,821 8,511 8,615
Advertising, business promotion, and strategic initiatives 2,875 2,469 8,036 7,293
Loan servicing and clearing expenses 2,288 1,806 6,694 5,805
Communication 1,080 1,068 3,421 3,368
Printing, postage, stationery and supplies 1,022 1,046 3,151 2,944
Director and investor relations 296 257 1,013 917
Foreclosed real estate and other repossessed assets (income) expenses, net (521) 1,272 817 1,209
Other 3,006 2,415 8,121 9,569
Total non-interest expense 96,548 91,600 284,802 275,972
Income before income taxes 61,371 61,784 186,697 200,961
Income tax expense 9,533 14,784 37,487 53,138
Net income available to common shareholders $ 51,838 $ 47,000 $ 149,210 $ 147,823
Earnings per common share:        
Basic (in dollars per share) $ 1.17 $ 1.01 $ 3.33 $ 3.15
Diluted (in dollars per share) $ 1.16 $ 1.00 $ 3.31 $ 3.14
Average common shares outstanding and equivalents (in shares) 44,658 46,846 45,056 47,111
Cash dividends per share of common stock (in dollars per share) $ 0.30 $ 0.25 $ 0.90 $ 0.75