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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest and dividend income:        
Interest and fees on loans $ 120,238 $ 123,865 $ 240,445 $ 247,601
Interest and dividends on investment securities 9,834 7,520 18,571 14,137
Dividends on non-marketable securities 466 377 946 993
Interest on interest bearing bank deposits 682 685 1,221 1,448
Total interest and dividend income 131,220 132,447 261,183 264,179
Interest expense:        
Interest on deposits 41,845 48,217 83,112 92,214
Interest on borrowings 1,966 656 3,971 4,361
Total interest expense 43,811 48,873 87,083 96,575
Net interest income before provision for credit losses 87,409 83,574 174,100 167,604
Provision for credit loss expense   2,776 10,200 2,776
Net interest income after provision for credit losses 87,409 80,798 163,900 164,828
Non-interest income:        
Non-interest income 11,116 11,687 21,938 22,695
Mortgage banking income 2,547 3,296 5,862 5,951
Bank-owned life insurance income 776 736 1,540 1,469
Other non-interest income 4,884 820 7,869 6,157
Total non-interest income 17,066 14,029 32,442 31,723
Non-interest expense:        
Salaries and benefits 37,746 36,933 72,108 73,453
Occupancy and equipment 9,436 10,120 20,273 20,061
Data processing 4,452 4,117 8,853 8,183
Marketing and business development 968 783 1,914 1,745
FDIC deposit insurance 990 1,431 2,316 2,776
Bank card expenses 1,268 1,391 2,371 2,740
Professional fees 1,680 1,706 3,103 3,352
Other non-interest expense 4,444 4,617 10,086 9,614
Other intangible assets amortization 1,947 1,977 3,924 3,985
Total non-interest expense 62,931 63,075 124,948 125,909
Income before income taxes 41,544 31,752 71,394 70,642
Income tax expense 7,522 5,617 13,141 13,116
Net income $ 34,022 $ 26,135 $ 58,253 $ 57,526
Earnings per share-basic (in dollars per share) $ 0.89 $ 0.68 $ 1.52 $ 1.51
Earnings per share-diluted (in dollars per share) 0.88 0.68 1.51 1.5
Common stock dividend $ 0.3 $ 0.28 $ 0.59 $ 0.55
Weighted average number of common shares outstanding:        
Basic (in shares) 38,075,896 38,210,869 38,072,196 38,121,114
Diluted (in shares) 38,151,810 38,372,777 38,186,660 38,299,435
Service charges        
Non-interest income:        
Non-interest income $ 4,127 $ 4,295 $ 8,245 $ 8,686
Bank card fees        
Non-interest income:        
Non-interest income $ 4,732 $ 4,882 $ 8,926 $ 9,460