XML 16 R4.htm IDEA: XBRL DOCUMENT v3.25.3
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest and fees on loans $ 165,937 $ 119,280 $ 413,604 $ 359,513
Interest and dividends on investment securities:        
Taxable 12,033 4,740 24,457 13,757
Tax-exempt 2,014 1,119 4,530 3,394
Dividends 1,081 1,048 2,758 3,390
Interest on federal funds sold and other short-term investments 6,644 4,055 13,179 9,802
Total interest income 187,709 130,242 458,528 389,856
Interest expense        
Deposits 75,209 63,785 189,440 186,278
Borrowings 10,483 5,570 22,432 20,952
Total interest expense 85,692 69,355 211,872 207,230
Net interest income 102,017 60,887 246,656 182,626
Provision for credit losses 5,500 3,800 44,700 10,300
Net interest income after provision for credit losses 96,517 57,087 201,956 172,326
Noninterest income        
Deposit, loan and other income 3,836 1,817 8,412 5,063
Defined benefit pension plan curtailment gain 3,501 0 3,501 0
Employee retention tax credit 6,608 0 6,608 0
Income on bank owned life insurance 2,931 2,145 6,602 5,486
Net gains on sale of loans held-for-sale 859 343 1,372 2,126
Net gains on equity securities 1,674 432 2,550 309
Total noninterest income 19,409 4,737 29,045 12,984
Noninterest expenses        
Salaries and employee benefits 32,401 22,957 80,212 67,809
Occupancy and equipment 5,122 2,889 11,280 8,797
FDIC insurance 2,400 1,800 6,200 5,400
Professional and consulting 2,929 2,147 7,893 5,998
Marketing and advertising 771 635 2,206 1,925
Information technology and communications 5,243 4,464 14,639 13,051
Restructuring and exit charges 994 0 994 0
Merger expenses 1,898 742 33,963 742
Loss on bank owned life insurance policy exchange 0 0 327 0
Amortization of core deposit intangibles 3,196 297 4,726 939
Other expenses 3,719 2,710 9,187 8,639
Total noninterest expenses 58,673 38,641 171,627 113,300
Income before income tax expense 57,253 23,183 59,374 72,010
Income tax expense 16,277 6,022 18,449 18,588
Net income 40,976 17,161 40,925 53,422
Preferred dividends 1,509 1,509 4,527 4,527
Net income available to common stockholders $ 39,467 $ 15,652 $ 36,398 $ 48,895
Earnings per common share        
Basic (in dollars per share) $ 0.79 $ 0.41 $ 0.83 $ 1.27
Diluted (in dollars per share) $ 0.78 $ 0.41 $ 0.83 $ 1.27