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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 $ 258,192 $ 243,315 $ 200,280
Interest and dividends on investment securities:      
Taxable investment securities 33,278 28,789 28,041
Tax-exempt investment securities 2,527 2,912 3,204
Dividend income on investment securities 0 0 21
Interest on deposits in other financial institutions 11,593 7,163 740
Dividend income on FHLB stock 509 478 370
Total interest income 306,099 282,657 232,656
Interest on deposits:      
Demand 2,159 1,701 806
Savings and money market 37,043 21,979 4,188
Time 46,084 39,205 6,114
Interest on short-term borrowings 1 1,139 1,055
Interest on long-term debt 9,079 8,633 4,930
Total interest expense 94,366 72,657 17,093
Net interest income 211,733 210,000 215,563
Provision (credit) for credit losses 9,826 15,698 (1,273)
Net interest income after provision for credit losses 201,907 194,302 216,836
Other operating income:      
Mortgage banking income 3,388 2,592 3,810
Service charges on deposit accounts 8,656 8,753 8,197
Other service charges and fees 22,553 20,531 19,025
Income from fiduciary activities 5,761 4,895 4,565
Income from bank-owned life insurance 6,619 4,870 1,865
Net loss on sales of investment securities (9,934) (2,074) 8,506
Other 1,680 7,096 1,951
Other operating income 38,723 46,663 47,919
Other operating expense:      
Salaries and employee benefits 85,941 82,050 88,781
Net occupancy 18,001 18,185 16,963
Equipment 3,881 3,958 4,238
Communication 3,177 3,010 2,958
Legal and professional services 9,790 9,959 10,792
Computer software 18,015 17,726 14,840
Advertising 3,615 3,888 4,151
Other 30,171 25,367 23,263
Total other operating expense 172,591 164,143 165,986
Income before income taxes 68,039 76,822 98,769
Income tax expense 14,627 18,153 24,841
Net income $ 53,412 $ 58,669 $ 73,928
Per common share data:      
Basic earnings per share (in dollars per share) $ 1.97 $ 2.17 $ 2.70
Diluted earnings per share (in dollars per share) 1.97 2.17 2.68
Cash dividends declared (in dollars per share) $ 1.04 $ 1.04 $ 1.04