XML 14 R4.htm IDEA: XBRL DOCUMENT v3.25.3
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest and dividend income:        
Interest and fees on loans $ 120,132 $ 129,566 $ 360,577 $ 377,167
Interest and dividends on investment securities 9,992 7,476 28,563 21,613
Dividends on other securities 409 405 1,355 1,398
Interest on interest bearing bank deposits 1,705 556 2,926 2,004
Total interest and dividend income 132,238 138,003 393,421 402,182
Interest expense:        
Interest on deposits 42,886 49,366 125,998 141,580
Interest on borrowings 1,152 984 5,123 5,345
Total interest expense 44,038 50,350 131,121 146,925
Net interest income before provision for credit losses 88,200 87,653 262,300 255,257
Provision (release) for credit loss expense (1,500) 2,000 8,700 4,776
Net interest income after provision for credit losses 89,700 85,653 253,600 250,481
Non-interest income:        
Non-interest income 11,276 12,064 33,215 34,759
Mortgage banking income 2,895 2,981 8,757 8,932
Bank-owned life insurance income 795 759 2,335 2,228
Other non-interest income 8,156 4,905 16,025 11,062
Total non-interest income 20,691 18,389 53,133 50,112
Non-interest expense:        
Salaries and benefits 37,779 37,331 109,887 110,784
Occupancy and equipment 12,383 9,697 32,656 29,758
Data processing 4,751 4,398 13,604 12,581
Marketing and business development 948 1,091 2,862 2,836
FDIC deposit insurance 1,041 1,297 3,357 4,073
Bank card expenses 1,033 1,176 3,404 3,916
Professional fees 3,249 2,111 6,352 5,463
Other non-interest expense 4,116 5,084 14,202 14,698
Other intangible assets amortization 1,946 1,977 5,870 5,962
Total non-interest expense 67,246 64,162 192,194 190,071
Income before income taxes 43,145 39,880 114,539 110,522
Income tax expense 7,860 6,775 21,001 19,891
Net income $ 35,285 $ 33,105 $ 93,538 $ 90,631
Earnings per share-basic (in dollars per share) $ 0.92 $ 0.86 $ 2.44 $ 2.37
Earnings per share-diluted (in dollars per share) 0.92 0.86 2.43 2.36
Common stock dividend $ 0.3 $ 0.28 $ 0.89 $ 0.83
Weighted average number of common shares outstanding:        
Basic (in shares) 37,911,643 38,277,042 38,018,090 38,173,469
Diluted (in shares) 38,034,473 38,495,091 38,142,300 38,368,011
Service charges        
Non-interest income:        
Non-interest income $ 4,340 $ 4,912 $ 12,585 $ 13,598
Bank card fees        
Non-interest income:        
Non-interest income $ 4,505 $ 4,832 $ 13,431 $ 14,292