XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.3
Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest and dividend income        
Interest and fees on loans $ 120,096 $ 133,195 $ 358,410 $ 390,260
Investment securities-taxable 8,767 6,536 24,535 19,991
Investment securities-nontaxable 1,523 905 3,916 2,708
Interest and dividend income on assets held in other financial institutions 5,753 3,621 16,458 11,793
Total interest and dividend income 136,139 144,257 403,319 424,752
Interest expense        
Interest-bearing deposits 51,026 67,051 152,957 195,362
FHLB advances and other borrowings 273 482 1,585 1,514
Subordinated indebtedness 1,136 1,920 4,478 5,859
Total interest expense 52,435 69,453 159,020 202,735
Net interest income 83,704 74,804 244,299 222,017
Provision for credit losses 36,820 4,603 43,126 12,846
Net interest income after provision for credit losses 46,884 70,201 201,173 209,171
Noninterest income        
Other fee income 2,262 2,114 7,372 6,765
Mortgage banking revenue 726 1,153 3,010 5,429
Swap fee income 1,387 106 3,355 207
(Loss) gain on sales of securities, net 0 221 (14,448) (182)
Change in fair value of equity investments 6,972 0 6,972 5,188
Equity method investment (loss) income 550 376 (3,051) 582
Other income 2,668 427 4,094 2,188
Total noninterest income 26,128 15,989 43,098 55,709
Noninterest expense        
Salaries and employee benefits 37,863 38,491 113,874 112,418
Occupancy and equipment, net 7,079 6,298 22,810 19,952
Data processing 3,526 3,470 9,915 10,083
Office and operations 3,184 2,984 9,493 8,558
Intangible asset amortization 1,583 1,905 5,112 6,179
Regulatory assessments 1,269 1,791 4,006 5,367
Advertising and marketing 1,524 1,449 3,815 4,221
Professional services 1,395 2,012 3,930 4,546
Electronic banking 1,470 1,308 4,183 3,785
Loan-related expense 979 751 2,247 2,733
Franchise tax expense 686 721 2,049 2,013
Other expense 1,470 1,341 4,645 5,761
Total noninterest expense 62,028 62,521 186,079 185,616
Income before income tax expense 10,984 23,669 58,192 79,264
Income tax expense 2,361 5,068 12,511 17,042
Net income $ 8,623 $ 18,601 $ 45,681 $ 62,222
Basic earnings per common share (in dollars per share) $ 0.28 $ 0.60 $ 1.46 $ 2.00
Diluted earnings per common share (in dollars per share) $ 0.27 $ 0.60 $ 1.46 $ 2.00
Insurance commission and fee income        
Noninterest income        
Revenue from contracts with customers $ 6,598 $ 6,928 $ 21,186 $ 21,318
Service charges and fees        
Noninterest income        
Revenue from contracts with customers $ 4,965 $ 4,664 $ 14,608 $ 14,214