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Consolidated Statements of Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest Income      
Loans receivable $ 244,544 $ 173,500 $ 155,732
Investment securities – taxable 34,410 33,202 14,437
Investment securities – tax exempt 28,384 29,025 23,246
Other 4,967 306 695
Total interest income 312,305 236,033 194,110
Interest Expense      
Deposits 85,857 17,809 7,867
Borrowed funds 42,478 12,465 4,701
Subordinated notes 3,511 3,522 3,522
Junior subordinated debentures issued to capital trusts 4,715 2,719 2,215
Total interest expense 136,561 36,515 18,305
Net Interest Income 175,744 199,518 175,805
Credit loss expense (recovery) 2,459 (1,816) (2,084)
Net Interest Income after Credit Loss Expense (Recovery) 173,285 201,334 177,889
Non–interest Income      
Service charges on deposit accounts 12,227 11,598 9,192
Wire transfer fees 448 595 892
Interchange fees 12,861 12,402 10,901
Fiduciary activities 5,080 5,381 7,419
Gains (losses) on sale of investment securities (32,052) 0 914
Gain on sale of mortgage loans 4,323 7,165 19,163
Mortgage servicing income net of impairment 2,708 4,800 2,352
Increase in cash value of bank owned life insurance 3,709 2,594 2,094
Death benefit on bank owned life insurance 0 644 783
Other income 2,694 2,272 4,242
Total non–interest income 11,998 47,451 57,952
Non–interest Expense      
Salaries and employee benefits 80,809 80,283 74,051
Net occupancy expenses 13,355 13,323 12,541
Data processing 11,626 10,567 9,962
Professional fees 2,645 1,843 2,216
Outside services and consultants 9,942 10,850 8,449
Loan expense 4,980 5,411 5,492
FDIC insurance expense 3,880 2,558 2,377
Amortization of Intangible Assets 3,612 3,702 3,644
Other losses 1,051 1,046 2,283
Other expense 14,384 13,618 12,379
Total non–interest expense 146,284 143,201 133,394
Income Before Income Taxes 38,999 105,584 102,447
Income tax expense 11,018 12,176 15,356
Net Income Available to Common Shareholders $ 27,981 $ 93,408 $ 87,091
Basic earnings per share (in USD per share) $ 0.64 $ 2.14 $ 1.99
Diluted earnings per share (in USD per share) $ 0.64 $ 2.14 $ 1.98