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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest Income      
Interest and fees on loans $ 548,389 $ 518,080 $ 358,967
Interest and dividends on investment securities 49,971 54,660 51,481
Interest on balances with other banks and short-term investments 88,770 52,300 13,304
Interest on federal funds sold 433 287 861
Total interest income 687,563 625,327 424,613
Interest Expense      
Interest on deposits 320,421 257,544 83,261
Interest on customer repurchase agreements 1,271 1,218 356
Interest on other short-term borrowings 72,386 73,253 3,980
Interest on long-term borrowings 4,797 2,766 4,149
Total interest expense 398,875 334,781 91,746
Net Interest Income 288,688 290,546 332,867
Provision for credit losses 66,360 31,536 266
Provision for (Reversal of) Credit Losses for Unfunded Commitments (2,127) (267) 1,477
Net Interest Income After Provision for (Reversal of) Credit Losses 224,455 259,277 331,124
Noninterest Income      
Service charges on deposits 6,843 6,455 5,399
Gain on sale of loans 57 418 3,702
Net gain (loss) on sale of investment securities 14 (11) (169)
Increase in the cash surrender value of bank-owned life insurance 2,885 2,659 2,547
Other income 10,140 12,015 12,175
Total noninterest income 19,939 21,536 23,654
Noninterest Expense      
Salaries and employee benefits 87,768 86,096 84,053
Premises and equipment expenses 11,382 12,606 13,218
Marketing and advertising 5,449 3,359 4,721
Data processing 14,093 13,083 12,171
Legal, accounting and professional fees 9,286 10,787 8,583
FDIC insurance 29,009 11,853 4,969
SEC/FRB penalties 0 0 22,977
Goodwill impairment 104,168 0 0
Other expenses 13,479 15,509 14,406
Total noninterest expense 274,634 153,293 165,098
Income (Loss) Before Income Tax Expense (30,240) 127,520 189,680
Income Tax Expense 16,795 26,986 48,750
Net Income (Loss) $ (47,035) $ 100,534 $ 140,930
Earnings (Loss) Per Common Share      
Basic (in dollars per share) $ (1.56) $ 3.31 $ 4.40
Diluted (in dollars per share) $ (1.56) $ 3.31 $ 4.39