XML 27 R5.htm IDEA: XBRL DOCUMENT v3.25.4
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
INTEREST INCOME:      
Loans, including fees $ 484,877 $ 531,680 $ 537,722
Securities:      
Taxable 65,338 49,903 38,494
Tax-exempt 3,238 3,262 2,553
Deposits in other financial institutions 21,017 17,555 12,048
Total interest income 574,470 602,400 590,817
INTEREST EXPENSE:      
Demand, money market and savings deposits 120,531 113,246 87,335
Certificates and other time deposits 46,276 68,745 41,286
Borrowed funds 986 4,549 17,807
Subordinated debt 5,057 7,868 7,630
Total interest expense 172,850 194,408 154,058
NET INTEREST INCOME 401,620 407,992 436,759
Provision for (reversal of) credit losses 10,158 (2,880) 8,943
Net interest income after provision for credit losses 391,462 410,872 427,816
NONINTEREST INCOME:      
Service charges on deposit accounts 6,282 6,430 6,064
(Loss) gain on sale/write-down of assets (302) 769 390
Bank-owned life insurance income 2,886 2,414 2,178
Debit card and interchange income 2,241 2,191 4,996
Other 10,683 11,242 10,934
Total noninterest income 21,790 23,046 24,562
NONINTEREST EXPENSE:      
Salaries and employee benefits 168,807 165,357 157,034
Net occupancy and equipment 17,619 17,864 16,932
Depreciation 8,058 7,807 7,584
Data processing and software amortization 22,980 21,652 19,526
Professional fees 6,261 9,424 7,955
Regulatory assessments and FDIC insurance 6,187 7,568 11,032
Amortization of intangibles 21,580 24,220 26,883
Communications 3,435 3,418 2,796
Advertising 4,707 4,127 3,627
Acquisition and merger-related expenses 0 0 15,555
Other 25,836 27,521 21,570
Total noninterest expense 285,470 288,958 290,494
INCOME BEFORE INCOME TAXES 127,782 144,960 161,884
Provision for income taxes 24,910 29,957 31,387
NET INCOME $ 102,872 $ 115,003 $ 130,497
EARNINGS PER SHARE:      
Basic (in dollars per share) $ 1.99 $ 2.15 $ 2.45
Diluted (in dollars per share) 1.99 2.15 2.45
DIVIDENDS PER SHARE (in dollars per share) $ 0.57 $ 0.53 $ 0.52