XML 14 R4.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Income - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest income:      
Interest and fees on loans $ 320,446,000 $ 262,423,000 $ 185,869,000
Interest on investment securities      
Taxable 21,273,000 24,949,000 20,595,000
Exempt from federal income tax 7,563,000 7,170,000 8,785,000
Interest on certificates of deposit investments 144,000 98,000 37,000
Interest on federal funds sold 53,000 419,000 113,000
Interest on deposits with other financial institutions 7,900,000 5,107,000 492,000
Total interest income 357,379,000 300,166,000 215,891,000
Interest expense:      
Interest on deposits 106,919,000 77,294,000 18,813,000
Interest on securities sold under repurchase agreements with customers 6,448,000 6,565,000 1,795,000
Interest on FHLB borrowings 8,673,000 16,779,000 6,184,000
Interest on other borrowings 1,000 10,000 9,000
Interest on junior subordinated debentures 2,156,000 1,859,000 868,000
Interest on subordinated debt 4,454,000 4,196,000 3,945,000
Total interest expense 128,651,000 106,703,000 31,614,000
Net interest income 228,728,000 193,463,000 184,277,000
Provision for credit losses 5,635,000 6,104,000 4,806,000
Net interest income after provision for credit losses 223,093,000 187,359,000 179,471,000
Other income:      
Wealth management revenues 22,818,000 20,793,000 22,492,000
Insurance commissions 28,552,000 24,814,000 21,622,000
Service charges 12,362,000 10,881,000 9,112,000
Securities gains (losses), net (433,000) 3,383,000 33,000
Mortgage banking revenue, net 3,957,000 2,282,000 1,190,000
ATM / debit card revenue 16,807,000 14,347,000 12,422,000
Bank owned life insurance 4,728,000 4,957,000 3,559,000
Other income 7,495,000 5,329,000 4,252,000
Total other income 96,286,000 86,786,000 74,682,000
Other expense:      
Salaries and employee benefits 124,134,000 104,962,000 98,594,000
Net occupancy and equipment expense 30,407,000 26,946,000 24,257,000
Net other real estate owned expense 411,000 1,862,000 330,000
FDIC insurance expense 3,463,000 3,339,000 1,805,000
Amortization of intangible assets 13,556,000 9,127,000 6,290,000
Stationery and supplies 1,885,000 1,346,000 1,295,000
Legal and professional 12,944,000 7,379,000 6,996,000
ATM / debit card expense 6,384,000 5,322,000 4,300,000
Marketing and donations 3,418,000 3,005,000 2,999,000
Other expense 18,381,000 22,452,000 15,995,000
Total other expense 214,983,000 185,740,000 162,861,000
Income before income taxes 104,396,000 88,405,000 91,292,000
Income taxes 25,498,000 19,470,000 18,340,000
Net income $ 78,898,000 $ 68,935,000 $ 72,952,000
Per share data:      
Basic net income per common share $ 3.31 $ 3.17 $ 3.62
Diluted net income per common share 3.3 3.15 3.6
Cash dividends declared per common share $ 0.94 $ 0.92 $ 0.9