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Consolidated Statements of Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Interest income:        
Interest and fees on loans $ 221,169 $ 202,725 $ 655,971 $ 580,631
Interest on taxable securities 7,174 7,674 22,851 23,323
Interest on nontaxable securities 2,482 2,558 7,524 7,747
Interest on interest-bearing deposits and other 10,891 9,787 29,660 27,513
Total interest income 241,716 222,744 716,006 639,214
Interest expense:        
Interest on deposits 127,075 102,600 374,833 243,005
Interest on FHLB advances 0 6,054 4,605 29,903
Interest on other borrowings 6,573 3,808 17,871 12,248
Interest on junior subordinated debentures 1,230 1,233 3,680 3,480
Total interest expense 134,878 113,695 400,989 288,636
Net interest income 106,838 109,049 315,017 350,578
Provision for credit losses 4,700 340 1,500 650
Net interest income after provision for credit losses 102,138 108,709 313,517 349,928
Noninterest income:        
Service charges on deposit accounts 3,617 3,568 10,803 10,436
Investment management fees 2,765 2,470 8,222 7,215
Mortgage banking revenue 1,682 1,774 4,857 5,646
Mortgage warehouse purchase program fees 617 555 1,812 1,414
(Loss) gain on sale of loans 0 (7) 74 (14)
Gain on sale of other real estate 0 0 13 0
(Loss) gain on sale and disposal of premises and equipment (9) (56) (20) 345
Increase in cash surrender value of BOLI 1,652 1,465 4,779 4,252
Other 3,137 3,877 9,224 11,201
Total noninterest income 13,461 13,646 39,764 40,495
Noninterest expense:        
Salaries and employee benefits 50,039 43,618 146,432 136,833
Occupancy 12,326 12,408 36,951 35,607
Communications and technology 7,937 6,916 23,298 21,202
FDIC assessment 4,196 3,653 13,154 10,171
Advertising and public relations 479 587 1,747 2,195
Other real estate owned expenses (income), net 141 (253) 169 (482)
Impairment of other real estate 0 0 345 2,200
Amortization of other intangible assets 2,893 3,111 8,921 9,333
Litigation settlement 0 0 0 102,500
Professional fees 1,296 1,262 4,406 6,112
Acquisition expense, including legal 460 0 2,798 0
Goodwill impairment 0 0 518,000 0
Other 10,129 10,032 29,059 30,748
Total noninterest expense 89,896 81,334 785,280 356,419
Income (loss) before taxes 25,703 41,021 (431,999) 34,004
Income tax expense 5,266 8,246 16,869 5,662
Net income (loss) $ 20,437 $ 32,775 $ (448,868) $ 28,342
Basic earnings per share (usd per share) $ 0.49 $ 0.79 $ (10.85) $ 0.69
Diluted earnings per share (usd per share) $ 0.49 $ 0.79 $ (10.85) $ 0.69