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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
INTEREST AND DIVIDEND INCOME      
Interest and fees on loans and leases $ 502,353 $ 440,984 $ 273,412
Interest on taxable securities 39,753 27,404 21,946
Interest on tax-exempt securities 3,465 3,397 3,444
Other interest and dividend income 20,358 7,693 2,757
Total interest and dividend income 565,929 479,478 301,559
INTEREST EXPENSE      
Deposits 192,366 121,436 19,796
Other borrowings 13,669 17,161 9,322
Subordinated notes and debentures 11,848 10,260 7,111
Total interest expense 217,883 148,857 36,229
Net interest income 348,046 330,621 265,330
PROVISION FOR CREDIT LOSSES 27,041 31,653 23,879
Net interest income after provision for credit losses 321,005 298,968 241,451
NON-INTEREST INCOME      
Fees and service charges on deposits 10,214 9,211 8,152
Loan servicing revenue 12,905 13,503 13,479
Loan servicing asset revaluation (6,704) (5,089) (11,743)
ATM and interchange fees 4,464 4,462 4,437
Net gains (losses) on sales of securities available-for-sale (699) 0 50
Change in fair value of equity securities, net 1,122 1,071 (603)
Net gains on sales of loans 24,540 22,805 31,899
Wealth management and trust income 4,310 4,158 3,807
Other non-interest income 8,699 6,194 7,836
Total non-interest income 58,851 56,315 57,314
NON-INTEREST EXPENSE      
Salaries and employee benefits 140,119 126,979 118,051
Occupancy expense, net 14,686 14,030 13,197
Equipment expense 4,017 4,478 3,791
Impairment loss on assets held for sale 0 2,000 372
Loan and lease related expenses 2,789 2,936 1,707
Legal, audit, and other professional fees 13,428 12,946 10,357
Data processing 16,869 19,509 13,358
Net loss recognized on other real estate owned and other related expenses 568 385 708
Regulatory assessments 4,179 4,143 2,953
Other intangible assets amortization expense 5,380 6,011 6,671
Advertising and promotions 4,978 3,796 2,825
Telecommunications 870 1,447 918
Other non-interest expense 10,894 10,943 9,174
Total non-interest expense 218,777 209,603 184,082
INCOME BEFORE PROVISION FOR INCOME TAXES 161,079 145,680 114,683
PROVISION FOR INCOME TAXES 40,320 37,802 26,729
NET INCOME 120,759 107,878 87,954
Dividends on preferred shares 0 0 196
INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 120,759 $ 107,878 $ 87,758
EARNINGS PER COMMON SHARE      
Basic $ 2.78 $ 2.69 $ 2.37
Diluted $ 2.75 $ 2.67 $ 2.34