XML 24 R4.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest and fee income on loans:    
Taxable $ 96,201 $ 97,313
Tax exempt 4,479 4,955
Interest and dividend income on securities:    
Taxable 4,366 4,483
Tax exempt 4 4
Other interest income 5,397 3,285
Total interest income 110,447 110,040
Interest expense:    
Interest expense on deposits 34,394 36,390
Interest expense on securities sold under agreements to repurchase 37 57
Interest expense on other borrowed funds 1,538 2,787
Total interest expense 35,969 39,234
Net interest income 74,478 70,806
Provision for (benefit from) credit losses 3,800 16,500
Net interest income after credit loss expense 70,678 54,306
Noninterest income:    
Service charges on deposit accounts 2,027 2,344
Treasury management service fees 4,194 3,468
Credit and debit card fees 2,586 2,759
Trust and investment advisory fees 1,421 1,463
Income from mortgage banking services, net 9,055 9,502
Gain on other real estate owned and foreclosed assets activity, net 17 0
Other noninterest income 2,429 3,272
Total noninterest income 21,729 22,808
Noninterest expense:    
Salary and employee benefits 39,561 37,353
Occupancy and equipment 9,536 8,595
Amortization and impairment of intangible assets 628 815
Terminated merger related expenses 0 2,489
Other noninterest expenses 12,997 12,576
Total noninterest expense 62,722 61,828
Income before income taxes 29,685 15,286
Provision for income taxes 6,116 2,990
Net income 23,569 12,296
Other comprehensive income (loss):    
Net unrealized gain (loss) on securities available-for-sale 3,201 (4,734)
Other comprehensive income (loss) 3,201 (4,734)
Comprehensive income 26,770 7,562
Earnings per share:    
Net income available to common stockholders, basic (in shares) 23,569 12,296
Net income available to common stockholders, diluted (in shares) $ 23,569 $ 12,296
Basic (in dollars per share) $ 0.85 $ 0.46
Diluted (in dollars per share) $ 0.83 $ 0.45