XML 14 R4.htm IDEA: XBRL DOCUMENT v3.25.2
Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest and fee income on loans:        
Taxable $ 101,590 $ 100,839 $ 197,791 $ 198,152
Tax exempt 4,527 4,345 9,006 9,300
Interest and dividend income on securities:        
Taxable 4,430 4,767 8,796 9,250
Tax exempt 3 5 7 9
Other interest income 6,371 4,573 11,768 7,858
Total interest income 116,921 114,529 227,368 224,569
Interest expense:        
Interest expense on deposits 37,185 38,484 71,579 74,874
Interest expense on securities sold under agreements to repurchase 36 47 73 104
Interest expense on other borrowed funds 1,201 3,099 2,739 5,886
Total interest expense 38,422 41,630 74,391 80,864
Net interest income 78,499 72,899 152,977 143,705
Provision for (benefit from) credit losses 4,500 1,200 8,300 17,700
Net interest income after credit loss expense 73,999 71,699 144,677 126,005
Noninterest income:        
Service charges on deposit accounts 2,016 2,372 4,043 4,716
Treasury management service fees 4,333 3,631 8,527 7,099
Credit and debit card fees 2,728 2,950 5,314 5,709
Trust and investment advisory fees 1,473 1,493 2,894 2,956
Income from mortgage banking services, net 13,274 11,043 22,329 20,545
(Loss) gain on other real estate owned and foreclosed assets activity, net (17) 11 0 11
Other noninterest income 3,266 1,774 5,695 5,046
Total noninterest income 27,073 23,274 48,802 46,082
Noninterest expense:        
Salary and employee benefits 43,921 39,828 83,482 77,181
Occupancy and equipment 9,541 8,701 19,077 17,296
Amortization and impairment of intangible assets 578 652 1,206 1,467
Terminated merger related expenses 0 1,046 0 3,535
Other noninterest expenses 14,070 13,648 27,067 26,224
Total noninterest expense 68,110 63,875 130,832 125,703
Income (loss) before income taxes 32,962 31,098 62,647 46,384
Provision for income taxes 6,576 6,538 12,692 9,528
Net income 26,386 24,560 49,955 36,856
Other comprehensive income:        
Net unrealized gain on securities available-for-sale 255 6,620 3,456 1,886
Other comprehensive income 255 6,620 3,456 1,886
Comprehensive income 26,641 31,180 53,411 38,742
Earnings per share:        
Net income available to common stockholders, basic (in shares) 26,386 24,560 49,955 36,856
Net income available to common stockholders, diluted (in shares) $ 26,386 $ 24,560 $ 49,955 $ 36,856
Basic (in dollars per share) $ 0.95 $ 0.90 $ 1.80 $ 1.35
Diluted (in dollars per share) $ 0.93 $ 0.88 $ 1.77 $ 1.32