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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
INTEREST AND DIVIDEND INCOME    
Loans, including fees $ 166,974 $ 133,406
Interest and dividends on securities:    
Taxable 17,404 19,086
Tax-exempt 4,586 4,790
Total interest and dividends on securities 21,990 23,876
Other interest income 6,369 3,273
Total interest and dividend income 195,333 160,555
INTEREST EXPENSE    
Interest bearing demand deposits 25,590 11,106
Money market deposits 16,114 4,252
Savings deposits 7,667 4,000
Certificates of deposit 10,247 1,203
Total interest expense on deposits 59,618 20,561
Federal Home Loan Bank borrowings 17,000 11,300
Other short-term borrowings 674 418
Subordinated debt and junior subordinated debt 4,075 3,944
Total interest expense 81,367 36,223
NET INTEREST INCOME 113,966 124,332
Provision for credit losses 4,014 3,577
Net interest income after provision for credit losses 109,952 120,755
NON-INTEREST INCOME    
Trust fees 8,082 7,494
Service charges on deposits 6,784 6,170
Digital banking income 4,704 4,605
Net swap fee and valuation income 1,563 799
Net securities brokerage revenue 2,548 2,576
Bank-owned life insurance 2,067 1,959
Mortgage banking income 693 426
Net securities gains 537 145
Net gain on other real estate owned and other assets 154 232
Other income 3,497 3,247
Total non-interest income 30,629 27,653
NON-INTEREST EXPENSE    
Salaries and wages 42,997 41,952
Employee benefits 12,184 12,060
Net occupancy 6,623 6,643
Equipment and software 10,008 9,063
Marketing 1,885 2,325
FDIC insurance 3,448 2,884
Amortization of intangible assets 2,092 2,301
Restructuring and merger-related expense   3,153
Other operating expenses 17,954 15,744
Total non-interest expense 97,191 96,125
Income before provision for income taxes 43,390 52,283
Provision for income taxes 7,697 9,942
Net income 35,693 42,341
Preferred stock dividends 2,531 2,531
Net income available to common shareholders $ 33,162 $ 39,810
EARNINGS PER COMMON SHARE    
Basic $ 0.56 $ 0.67
Diluted $ 0.56 $ 0.67
AVERAGE COMMON SHARES OUTSTANDING    
Basic 59,382,758 59,217,711
Diluted 59,523,679 59,375,053
DIVIDENDS DECLARED PER COMMON SHARE $ 0.36 $ 0.35