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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest and dividend income      
Interest and fees on loans $ 517,281 $ 466,815 $ 286,150
Investment securities-taxable 26,642 31,682 27,795
Investment securities-nontaxable 3,672 5,098 7,172
Interest and dividend income on assets held in other financial institutions 16,990 19,796 5,487
Total interest and dividend income 564,585 523,391 326,604
Interest expense      
Interest-bearing deposits 254,873 196,457 33,509
FHLB advances and other borrowings 1,602 17,258 9,411
Subordinated indebtedness 7,744 10,119 8,406
Total interest expense 264,219 223,834 51,326
Net interest income 300,366 299,557 275,278
Provision for credit losses 7,448 16,753 24,691
Net interest income after provision for credit losses 292,918 282,804 250,587
Noninterest income      
Other fee income 8,917 8,089 7,279
Mortgage banking revenue 6,580 3,356 6,722
Swap fee income 323 1,277 457
(Loss) gain on sales of securities, net (14,799) (11,635) 1,664
Change in fair value of equity investments 5,188 10,096 0
Other income 3,396 3,264 614
Total noninterest income 55,379 58,335 57,274
Noninterest expense      
Salaries and employee benefits 148,823 138,819 118,971
Occupancy and equipment, net 27,865 26,783 20,203
Data processing 13,497 11,590 10,456
Office and operations 11,441 10,834 8,120
Intangible asset amortization 7,979 9,628 5,488
Regulatory assessments 6,902 6,456 3,547
Advertising and marketing 6,150 5,986 4,431
Professional services 6,610 5,931 3,813
Loan-related expense 3,164 5,035 6,097
Electronic banking 5,162 4,712 3,958
Franchise tax expense 2,897 3,334 3,582
Merger-related expense 0 0 6,171
Other expense 10,548 6,108 5,582
Total noninterest expense 251,038 235,216 200,419
Income before income tax expense 97,259 105,923 107,442
Income tax expense 20,767 22,123 19,727
Net income $ 76,492 $ 83,800 $ 87,715
Basic earnings per common share (in dollars per share) $ 2.46 $ 2.72 $ 3.29
Diluted earnings per common share (in dollars per share) $ 2.45 $ 2.71 $ 3.28
Insurance commission and fee income      
Noninterest income      
Revenue from contracts with customers $ 26,759 $ 25,085 $ 22,869
Service charges and fees      
Noninterest income      
Revenue from contracts with customers $ 19,015 $ 18,803 $ 17,669