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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income    
Loans and fees on loans $ 176,010 $ 139,052
Investment securities, taxable 8,954 7,547
Other interest earning assets 7,456 4,817
Total interest income 192,420 151,416
Interest expense    
Deposits 101,998 67,595
Borrowings 311 1,804
Total interest expense 102,309 69,399
Net interest income 90,111 82,017
Provision for loan and lease credit losses 16,364 19,021
Net interest income after provision for loan and lease credit losses 73,747 62,996
Noninterest income    
Loan servicing revenue 7,624 6,380
Loan servicing asset revaluation (2,744) 356
Net gains on sales of loans 11,502 10,175
Net loss on loans accounted for under the fair value option (219) (4,529)
Equity method investments (loss) income (5,022) (2,952)
Equity security investments (losses) gains, net (529) 77
Lease income 2,453 2,535
Management fee income 3,271 3,472
Other noninterest income 9,761 4,065
Total noninterest income 26,097 19,579
Noninterest expense    
Salaries and employee benefits 47,275 44,765
Travel expense 2,438 2,411
Professional services expense 1,878 927
Advertising and marketing expense 3,692 3,603
Occupancy expense 2,247 1,925
Technology expense 7,723 7,729
Equipment expense 3,074 3,818
Other loan origination and maintenance expense 3,911 3,927
Renewable energy tax credit investment (recovery) impairment (927) 69
FDIC insurance 3,200 3,403
Other expense 3,226 6,385
Total noninterest expense 77,737 78,962
Income before taxes 22,107 3,613
Income tax (benefit) expense (5,479) 3,215
Net income $ 27,586 $ 398
Basic earnings per share (in dollars per share) $ 0.62 $ 0.01
Diluted earnings per share (in dollars per share) $ 0.60 $ 0.01