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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:      
Interest and fees on loans $ 243,315 $ 200,280 $ 193,778
Interest and dividends on investment securities:      
Taxable investment securities 28,789 28,041 22,430
Tax-exempt investment securities 2,912 3,204 1,972
Dividend income on investment securities 0 21 75
Interest on deposits in other financial institutions 7,163 740 262
Dividend income on FHLB stock 478 370 245
Total interest income 282,657 232,656 218,762
Interest on deposits:      
Demand 1,701 806 384
Savings and money market 21,979 4,188 1,240
Time 39,205 6,114 1,992
Interest on short-term borrowings 1,139 1,055 2
Interest on long-term debt 8,633 4,930 4,097
Total interest expense 72,657 17,093 7,715
Net interest income 210,000 215,563 211,047
Provision (credit) for credit losses 15,698 (1,273) (14,591)
Net interest income after provision for credit losses 194,302 216,836 225,638
Other operating income:      
Mortgage banking income 2,592 3,810 7,732
Service charges on deposit accounts 8,753 8,197 6,358
Other service charges and fees 20,531 19,025 18,367
Income from fiduciary activities 4,895 4,565 5,075
Income from bank-owned life insurance 4,870 1,865 3,493
Net gains (losses) on sales of investment securities (2,074) 8,506 150
Other 7,096 1,951 1,885
Other operating income 46,663 47,919 43,060
Other operating expense:      
Salaries and employee benefits 82,050 88,781 90,213
Net occupancy 18,185 16,963 16,133
Equipment 3,958 4,238 4,344
Communication 3,010 2,958 3,271
Legal and professional services 9,959 10,792 10,452
Computer software 17,726 14,840 13,304
Advertising 3,888 4,151 5,495
Other 25,367 23,263 19,834
Total other operating expense 164,143 165,986 163,046
Income before income taxes 76,822 98,769 105,652
Income tax expense 18,153 24,841 25,758
Net income $ 58,669 $ 73,928 $ 79,894
Per common share data:      
Basic earnings per share (in dollars per share) $ 2.17 $ 2.70 $ 2.85
Diluted earnings per share (in dollars per share) 2.17 2.68 2.83
Cash dividends declared (in dollars per share) $ 1.04 $ 1.04 $ 0.96