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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest income:      
Interest and fees on loans $ 450,996 $ 383,032 $ 234,765
Interest and dividends on taxable investment securities 59,008 49,282 28,903
Interest on tax-exempt investment securities 3,963 4,326 4,176
Other interest income 6,809 2,763 1,710
Total interest income 520,776 439,403 269,554
Interest expense:      
Interest on deposits 142,114 71,934 9,171
Interest on short-term borrowings 15,545 19,935 2,661
Interest on long-term borrowings 14,416 8,160 4,280
Total interest expense 172,075 100,029 16,112
Net interest income 348,701 339,374 253,442
Provision for (recovery of) credit losses [1] 24,787 15,174 (3,510)
Net interest income after provision for (recovery of) credit losses 323,914 324,200 256,952
Non-interest income:      
Insurance income 19,401 18,016 15,727
Lease income 10,408 7,844 4,267
Bank owned life insurance income 4,216 4,151 2,624
Mortgage banking income 1,788 1,078 1,397
Net loss on asset disposals and other transactions (3,310) (2,837) (616)
Net loss on investment securities (416) (3,700) (61)
Other non-interest income [2] 5,040 3,809 3,430
Total non-interest income 99,366 87,413 78,836
Non-interest expense:      
Salaries and employee benefit costs 150,041 144,031 112,690
Net occupancy and equipment expense 24,151 21,368 19,516
Data processing and software expense 25,221 21,607 14,241
Professional fees 12,109 17,041 12,094
Amortization of other intangible assets 11,161 11,222 7,763
Electronic banking expense 7,548 7,150 9,231
Marketing expense 3,914 5,017 3,728
FDIC insurance expense 4,929 4,785 3,702
Franchise tax expense 3,222 3,540 3,487
Other loan expenses 4,147 2,859 2,735
Communication expense 3,145 2,834 2,484
Operating lease expense 3,539 1,687 0
Travel and entertainment expense 2,656 2,401 1,400
Other non-interest expense 18,033 20,945 14,076
Total non-interest expense 273,816 266,487 207,147
Income before income taxes 149,464 145,126 128,641
Income tax expense 32,259 31,763 27,349
Net income $ 117,205 $ 113,363 $ 101,292
Earnings per common share – basic (in usd per share) $ 3.34 $ 3.46 $ 3.61
Earnings per common share – diluted (in usd per share) $ 3.31 $ 3.44 $ 3.60
Weighted-average number of common shares outstanding – basic (in shares) 34,779,548 32,533,086 27,908,022
Weighted-average number of common shares outstanding – diluted (in shares) 35,147,354 32,760,808 27,999,602
Electronic banking income      
Non-interest income:      
Revenue from contract with customer $ 25,142 $ 25,210 $ 21,094
Trust and investment income      
Non-interest income:      
Revenue from contract with customer 19,513 17,160 16,391
Deposit account service charges      
Non-interest income:      
Revenue from contract with customer $ 17,584 $ 16,682 $ 14,583
[1] The provision for credit losses includes changes related to the allowance for credit losses on loans, held-to-maturity investment securities, and the unfunded commitment liability.
[2] Includes realized and unrealized gains on equity investment securities recorded in other non-interest income of $50 for the year ended December 31, 2024, and realized and unrealized losses on equity investment securities of $141 for the year ended December 31, 2023, and realized and unrealized gains on equity investment securities of $2 for the year ended December 31, 2022.