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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest Income        
Interest and fees on loans $ 106,358 $ 125,247 $ 215,924 $ 251,410
Interest and dividends on investment securities 9,243 11,436 18,889 23,348
Interest on balances with other banks and short-term investments 10,978 14,760 23,667 30,563
Total interest income 126,579 151,443 258,480 305,321
Interest Expense        
Interest on deposits 61,623 78,912 127,804 156,123
Interest on customer repurchase agreements 0 250 0 510
Interest on other short-term borrowings 582 2,489 584 11,222
Interest on long-term borrowings 2,024 2,016 4,048 4,041
Total interest expense 64,229 83,667 132,436 171,896
Net Interest Income 62,350 67,776 126,044 133,425
Provision for Credit Losses 21,448 138,159 34,830 164,414
Provision for (Reversal of) Credit Losses for Unfunded Commitments 8 1,759 (1,771) 1,462
Net Interest Income (Loss) After Provision for (Reversal of) Credit Losses 40,894 (72,142) 92,985 (32,451)
Noninterest Income        
Service charges on deposits 1,733 1,771 3,465 3,514
Gain (loss) on sale of loans 2,291 0 5,841 0
Net gain (loss) on sale of investment securities 266 (1,854) 269 (1,850)
Increase in the cash surrender value of bank-owned life insurance 5,672 5,161 11,351 9,443
Other income 797 1,336 2,541 3,514
Total noninterest income 10,759 6,414 23,467 14,621
Noninterest Expense        
Salaries and employee benefits 23,366 21,940 46,613 43,908
Premises and equipment expenses 2,445 3,019 4,978 6,222
Marketing and advertising 1,161 1,144 2,029 2,515
Data processing 4,257 4,293 8,461 8,271
Legal, accounting and professional fees 4,783 1,550 9,095 4,672
FDIC insurance 4,862 8,077 11,871 17,039
Other expenses 3,154 3,447 9,721 6,294
Total noninterest expense 44,028 43,470 92,768 88,921
Income (Loss) Before Income Tax Expense 7,625 (109,198) 23,684 (106,751)
Income Tax Expense (Benefit) 707 (39,423) 2,048 (38,651)
Net Income (Loss) $ 6,918 $ (69,775) $ 21,636 $ (68,100)
Earnings (Loss) Per Common Share        
Basic (in dollars per share) $ 0.23 $ (2.30) $ 0.71 $ (2.25)
Diluted (in dollars per share) $ 0.23 $ (2.30) $ 0.71 $ (2.25)