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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest and dividend income:      
Loans, including fees $ 390,491 $ 356,710 $ 285,375
Investments:      
Taxable securities 66,912 73,924 59,395
Tax exempt securities 3,615 5,120 5,199
Dividends 1,522 1,294 1,137
Interest bearing cash at Federal Reserve and other banks 4,098 1,306 4,399
Total interest and dividend income 466,638 438,354 355,505
Interest expense:      
Deposits 113,126 55,087 4,689
Other borrowings 14,706 19,712 421
Junior subordinated debt 7,372 6,878 4,419
Total interest expense 135,204 81,677 9,529
Net interest income 331,434 356,677 345,976
Provision for credit losses 6,632 23,990 18,470
Net interest income after provision for credit losses 324,802 332,687 327,506
Noninterest income:      
Service charges and fees 51,330 50,088 49,765
Commissions on sale of non-deposit investment products 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
Loss on sale of investment securities (43) (284) 0
Other 2,758 2,763 4,095
Total noninterest income 64,407 61,400 63,046
Noninterest expense:      
Salaries and related benefits 140,581 135,795 129,852
Other 93,524 97,387 86,793
Total noninterest expense 234,105 233,182 216,645
Income before provision for income taxes 155,104 160,905 173,907
Provision for income taxes 40,236 43,515 48,488
Net income $ 114,868 $ 117,390 $ 125,419
Earnings per common share:      
Basic (in USD per share) $ 3.47 $ 3.53 $ 3.85
Diluted (in USD per share) $ 3.46 $ 3.52 $ 3.83