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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
INTEREST INCOME:      
Interest and fees on loans $ 217,284 $ 174,275 $ 189,832
Taxable interest on investment securities 58,509 40,627 17,492
Nontaxable interest on investment securities 1,854 3,488 3,899
Interest on interest earning deposits 6,818 9,067 1,608
Total interest income 284,465 227,457 212,831
INTEREST EXPENSE:      
Deposits 39,350 6,772 6,160
Junior subordinated debentures 2,074 1,156 742
Securities sold under agreement to repurchase 153 138 140
Borrowings 17,733 6 0
Total interest expense 59,310 8,072 7,042
Net interest income 225,155 219,385 205,789
Provision for (reversal of) credit losses 4,280 (1,426) (29,372)
Net interest income after provision for (reversal of) credit losses 220,875 220,811 235,161
NONINTEREST INCOME:      
(Loss) gain on sale of investment securities, net (12,231) (256) 29
Gain on sale of loans, net 343 633 3,644
Interest rate swap fees 230 402 661
Bank owned life insurance income 2,934 3,747 2,520
Gain on sale of other assets, net 2 469 4,405
Other income 8,079 5,321 5,824
Total noninterest income 18,663 29,591 34,615
NONINTEREST EXPENSE:      
Compensation and employee benefits 100,083 92,092 88,765
Occupancy and equipment 19,156 17,465 17,243
Data processing 18,071 16,800 16,533
Marketing 1,930 1,643 2,143
Professional services 4,227 2,497 3,846
State/municipal business and use taxes 4,059 3,634 3,884
Federal deposit insurance premium 3,312 2,015 2,106
Amortization of intangible assets 2,434 2,750 3,111
Other expense 13,351 12,070 11,638
Total noninterest expense 166,623 150,966 149,269
Income before income taxes 72,915 99,436 120,507
Income tax expense 11,160 17,561 22,472
Net income $ 61,755 $ 81,875 $ 98,035
Basic earnings per common share (in dollars per share) $ 1.76 $ 2.33 $ 2.75
Diluted earnings per common share (in dollars per share) 1.75 2.31 2.73
Dividends declared per share (in dollars per share) $ 0.88 $ 0.84 $ 0.81
Average number of basic shares outstanding (in shares) 35,022,247 35,103,465 35,677,851
Average number of diluted shares outstanding (in shares) 35,258,189 35,463,896 35,973,386
Service charges and other fees      
NONINTEREST INCOME:      
Service charges, other fees and card revenue $ 10,966 $ 10,390 $ 9,207
Card revenue      
NONINTEREST INCOME:      
Service charges, other fees and card revenue $ 8,340 $ 8,885 $ 8,325