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Non-interest Income and Expense

12 Months Ended

Dec. 31, 2024

Other Income and Expenses [Abstract]

Non-interest Income and Expense

Non-interest Income and Expense

The components of other non-interest income were as follows:

			Year Ended December 31,
(in thousands)			2024						2023						2022
ATM and interchange fees			$	25,319					$	26,459					$	26,767
Service charges on deposit accounts			19,451						17,595						16,536
Other service fees			5,301						4,732						4,274
Mortgage banking service fees			1,739						1,808						1,887
Change in value of mortgage loan servicing rights			(480)						(506)						301
Total service charges and fees			51,330						50,088						49,765
Asset management and commission income			5,573						4,517						3,986
Increase in cash value of life insurance			3,257						3,150						2,858
Gain on sale of loans			1,532						1,166						2,342
Lease brokerage income			455						441						820
Sale of customer checks			1,216						1,383						1,167
(Loss) gain on sale of investment securities			(43)						(284)						—
(Loss) gain on marketable equity securities			126						36						(340)
Other			961						903						2,448
Total other noninterest income			13,077						11,312						13,281
Total noninterest income			$	64,407					$	61,400					$	63,046

Mortgage banking servicing fee income (expense), net of change in value of mortgage loan servicing rights, totaling $1.3 million, $1.3 million, and $2.2 million were recorded within service charges and fees for the years ended December 31, 2024, 2023, and 2022, respectively.

The components of noninterest expense were as follows:

			Year Ended December 31,
(in thousands)			2024						2023						2022
Base salaries, net of deferred loan origination costs			$	96,862					$	94,564					$	84,861
Incentive compensation			16,897						15,557						17,908
Benefits and other compensation costs			26,822						25,674						27,083
Total salaries and benefits expense			140,581						135,795						129,852
Occupancy			16,411						16,135						15,493
Data processing and software			20,952						18,933						14,660
Equipment			5,424						5,644						5,733
Intangible amortization			4,120						6,118						6,334
Advertising			3,851						3,531						3,694
ATM and POS network charges			7,151						7,080						6,984
Professional fees			6,794						7,358						4,392
Telecommunications			2,053						2,547						2,298
Regulatory assessments and insurance			4,951						5,276						3,142
Merger and acquisition expense			—						—						6,253
Postage			1,329						1,236						1,147
Operational losses			1,681						2,444						1,000
Courier service			2,119						1,851						2,013
(Gain) loss on sale or acquisition of foreclosed assets			(73)						(133)						(481)
(Gain) loss on disposal of fixed assets			19						23						(1,070)
Other miscellaneous expense			16,742						19,344						15,201
Total other noninterest expense			93,524						97,387						86,793
Total noninterest expense			$	234,105					$	233,182					$	216,645

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- References

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- Definition

The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 720
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/720/tableOfContent

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Topic 610
-Publisher FASB
-URI https://asc.fasb.org/610/tableOfContent

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