XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Interest and dividend income:        
Interest and fees on loans $ 129,566 $ 117,736 $ 377,167 $ 334,811
Interest and dividends on investment securities 7,476 6,468 21,613 20,019
Dividends on non-marketable securities 405 701 1,398 2,513
Interest on interest bearing bank deposits 556 1,205 2,004 3,369
Total interest and dividend income 138,003 126,110 402,182 360,712
Interest expense:        
Interest on deposits 49,366 33,423 141,580 69,615
Interest on borrowings 984 4,910 5,345 18,647
Total interest expense 50,350 38,333 146,925 88,262
Net interest income before provision for credit losses 87,653 87,777 255,257 272,450
Provision for credit loss expense 2,000 1,125 4,776 3,725
Net interest income after provision for credit losses 85,653 86,652 250,481 268,725
Non-interest income:        
Non-interest income 12,064 12,979 34,759 36,463
Mortgage banking income 2,981 4,688 8,932 11,614
Bank-owned life insurance income 759 882 2,228 2,559
Other non-interest income 4,905 3,953 11,062 5,565
Total non-interest income 18,389 19,365 50,112 47,853
Non-interest expense:        
Salaries and benefits 37,331 35,027 110,784 103,231
Occupancy and equipment 9,697 9,167 29,758 27,366
Data processing 4,398 3,546 12,581 10,257
Marketing and business development 1,091 1,037 2,836 2,997
FDIC deposit insurance 1,297 1,686 4,073 5,433
Bank card expenses 1,176 1,667 3,916 4,260
Professional fees 2,111 2,215 5,463 7,951
Other non-interest expense 5,084 4,250 14,698 13,003
Other intangible assets amortization 1,977 2,008 5,962 5,378
Total non-interest expense 64,162 60,603 190,071 179,876
Income before income taxes 39,880 45,414 110,522 136,702
Income tax expense 6,775 9,327 19,891 27,775
Net income $ 33,105 $ 36,087 $ 90,631 $ 108,927
Earnings per share-basic (in dollars per share) $ 0.86 $ 0.95 $ 2.37 $ 2.87
Earnings per share-diluted (in dollars per share) $ 0.86 $ 0.94 $ 2.36 $ 2.85
Weighted average number of common shares outstanding:        
Basic (in shares) 38,277,042 37,990,659 38,173,469 37,911,896
Diluted (in shares) 38,495,091 38,134,338 38,368,011 38,093,910
Service charges        
Non-interest income:        
Non-interest income $ 4,912 $ 4,849 $ 13,598 $ 13,394
Bank card fees        
Non-interest income:        
Non-interest income $ 4,832 $ 4,993 $ 14,292 $ 14,721