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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest and dividend income      
Loans, including fees $ 345,039 $ 231,851 $ 164,528
Securities 18,525 15,635 5,838
Overnight deposits 9,319 12,314 2,310
Other interest and dividends 2,522 939 608
Total interest income 375,405 260,739 173,284
Interest expense      
Deposits 128,677 29,284 14,241
Borrowed funds 22,424 893  
Trust preferred securities 1,468 799 424
Subordinated debt   605 1,618
Total interest expense 152,569 31,581 16,283
Net interest income 222,836 229,158 157,001
Provision for credit losses 12,283 10,116 3,816
Net interest income after provision for credit losses 210,553 219,042 153,185
Non-interest income      
Non-interest income 27,880 26,851 23,150
Other income 2,827 1,505 2,497
Total non-interest income 27,903 26,593 23,697
Non-interest expense      
Compensation and benefits 66,961 57,290 45,908
Bank premises and equipment 9,344 8,855 8,055
Professional fees 18,064 14,423 6,750
Technology costs 4,940 4,713 5,201
Licensing fees 12,818 10,477 8,606
FDIC assessments 9,077 4,625 3,852
Regulatory settlement reserve (5,521) 35,000  
Other expenses 15,855 13,354 8,940
Total non-interest expense 131,538 148,737 87,312
Net income before income tax expense 106,918 96,898 89,570
Income tax expense 29,650 37,473 29,015
Net income $ 77,268 $ 59,425 $ 60,555
Earnings per common share      
Basic earnings (in dollars per share) $ 6.95 $ 5.42 $ 6.64
Diluted earnings (in dollars per share) $ 6.91 $ 5.29 $ 6.45
Service charges on deposit accounts      
Non-interest income      
Non-interest income $ 6,071 $ 5,747 $ 4,755
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 $ 19,005 $ 19,341 $ 16,445
Revenue, Product and Service [Extensible List] Global Payments Group revenue Global Payments Group revenue Global Payments Group revenue
Other service charges and fees      
Non-interest income      
Non-interest income $ 2,804 $ 1,763 $ 1,950