XML 19 R4.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest and dividend income      
Loans, including fees $ 429,748 $ 345,039 $ 231,851
Securities 21,378 18,525 15,635
Overnight deposits 15,013 9,319 12,314
Other interest and dividends 2,240 2,522 939
Total interest income 468,379 375,405 260,739
Interest expense      
Deposits 198,013 128,677 29,284
Borrowed funds 15,795 22,424 893
Trust preferred securities 1,487 1,468 799
Subordinated debt     605
Total interest expense 215,295 152,569 31,581
Net interest income 253,084 222,836 229,158
Provision for credit losses 6,257 12,283 10,116
Net interest income after provision for credit losses 246,827 210,553 219,042
Non-interest income      
Non-interest income 23,936 27,880 26,851
Other income 2,205 2,827 1,505
Total non-interest income 23,829 27,903 26,593
Non-interest expense      
Compensation and benefits 77,859 66,961 57,290
Bank premises and equipment 9,656 9,344 8,855
Professional fees 21,320 18,064 14,423
Technology costs 11,012 4,940 4,713
Licensing fees 13,084 12,818 10,477
FDIC assessments 11,780 9,077 4,625
Regulatory settlement reserve 9,463 (5,521) 35,000
Other expenses 19,401 15,855 13,354
Total non-interest expense 173,575 131,538 148,737
Net income before income tax expense 97,081 106,918 96,898
Income tax expense 30,395 29,650 37,473
Net income $ 66,686 $ 77,268 $ 59,425
Earnings per common share      
Basic earnings (in dollars per share) $ 5.97 $ 6.95 $ 5.42
Diluted earnings (in dollars per share) $ 5.93 $ 6.91 $ 5.29
Service charges on deposit accounts      
Non-interest income      
Non-interest income $ 8,269 $ 6,071 $ 5,747
Revenue, Product and Service [Extensible List] Service charges on deposit accounts Service charges on deposit accounts Service charges on deposit accounts
Global Payments Group revenue      
Non-interest income      
Non-interest income $ 13,355 $ 19,005 $ 19,341
Revenue, Product and Service [Extensible List] Global Payments Group revenue Global Payments Group revenue Global Payments Group revenue