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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest and dividend income:      
Loans, including fees $ 356,710 $ 285,375 $ 242,269
Investments:      
Taxable securities 73,924 59,395 29,361
Tax exempt securities 5,120 5,199 3,568
Dividends 1,294 1,137 991
Interest bearing cash at Federal Reserve and other banks 1,306 4,399 858
Total interest and dividend income 438,354 355,505 277,047
Interest expense:      
Deposits 55,087 4,689 3,318
Other borrowings 19,712 421 22
Junior subordinated debt 6,878 4,419 2,168
Total interest expense 81,677 9,529 5,508
Net interest income 356,677 345,976 271,539
Provision for (benefit from) credit losses 23,990 18,470 (6,775)
Net interest income after provision for (benefit from) credit losses 332,687 327,506 278,314
Noninterest income:      
Service charges and fees 50,088 49,765 43,948
Commissions on sale of non-deposit investment products 4,517 3,986 3,668
Increase in cash value of life insurance 3,150 2,858 2,775
Gain on sale of loans 1,166 2,342 9,580
Loss on sale of investment securities (284) 0 0
Other 2,763 4,095 3,693
Total noninterest income 61,400 63,046 63,664
Noninterest expense:      
Salaries and related benefits 135,795 129,852 106,351
Other 97,387 86,793 71,924
Total noninterest expense 233,182 216,645 178,275
Income before income taxes 160,905 173,907 163,703
Provision for income taxes 43,515 48,488 46,048
Net income $ 117,390 $ 125,419 $ 117,655
Earnings per share:      
Basic (in USD per share) $ 3.53 $ 3.85 $ 3.96
Diluted (in USD per share) $ 3.52 $ 3.83 $ 3.94