XML 18 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest and dividend income    
Interest and fees on loans $ 127,186 $ 106,496
Investment securities-taxable 6,849 8,161
Investment securities-nontaxable 910 1,410
Interest and dividend income on assets held in other financial institutions 3,756 4,074
Total interest and dividend income 138,701 120,141
Interest expense    
Interest-bearing deposits 62,842 34,557
FHLB advances and other borrowings 518 5,880
Subordinated indebtedness 2,018 2,557
Total interest expense 65,378 42,994
Net interest income 73,323 77,147
Provision for credit losses 3,012 6,197
Net interest income after provision for credit losses 70,311 70,950
Noninterest income    
Other fee income 2,247 1,974
Mortgage banking revenue 2,398 1,781
Swap fee income 57 384
(Loss) gain on sales of securities, net (403) 144
Other income 543 519
Total noninterest income 17,255 16,384
Noninterest expense    
Salaries and employee benefits 35,818 33,731
Occupancy and equipment, net 6,645 6,503
Data processing 3,145 2,916
Office and operations 2,502 2,303
Intangible asset amortization 2,137 2,553
Regulatory assessments 1,734 951
Advertising and marketing 1,444 1,456
Professional services 1,231 1,525
Loan-related expense 905 1,465
Electronic banking 1,239 1,009
Franchise tax expense 477 975
Other expense 1,430 1,373
Total noninterest expense 58,707 56,760
Income before income tax expense 28,859 30,574
Income tax expense 6,227 6,272
Net income $ 22,632 $ 24,302
Basic earnings per common share (in dollars per share) $ 0.73 $ 0.79
Diluted earnings per common share (in dollars per share) $ 0.73 $ 0.79
Insurance commission and fee income    
Noninterest income    
Revenue from contracts with customers $ 7,725 $ 7,011
Service charges and fees    
Noninterest income    
Revenue from contracts with customers $ 4,688 $ 4,571