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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest income:      
Loans and leases $ 387,298 $ 263,894 $ 235,031
Investment securities, taxable 24,501 26,294 17,767
Investment securities, tax-exempt 1,445 1,049 601
Other 3,663 2,579 1,373
Total interest income 416,907 293,816 254,772
Interest expense:      
Deposits 123,162 25,231 12,276
Short-term borrowings 7,032 1,497 115
Subordinated notes 4,174 3,550 3,267
Long-term debt and mandatorily redeemable securities 3,892 69 2,476
Total interest expense 138,260 30,347 18,134
Net interest income 278,647 263,469 236,638
Provision (recovery of provision) for credit losses 5,866 13,245 (4,303)
Net interest income after provision for credit losses 272,781 250,224 240,941
Noninterest income:      
Mortgage banking 3,471 4,122 11,822
Insurance commissions 6,911 6,703 7,247
Income related to lease payments 8,837 12,274 16,647
Losses on investment securities available-for-sale (2,926) (184) (680)
Other 19,895 15,042 12,560
Total noninterest income 90,623 91,262 100,092
Noninterest expense:      
Salaries and employee benefits 115,612 105,110 105,808
Net occupancy 11,090 10,728 10,524
Furniture and equipment 5,653 5,448 5,977
Data processing 25,055 22,375 19,877
Depreciation - leased equipment 7,093 10,023 13,694
Professional fees 6,705 7,280 8,676
FDIC and other insurance 5,926 3,625 2,677
Business development and marketing 7,157 5,823 8,013
Other 17,433 14,287 10,902
Total noninterest expense 201,724 184,699 186,148
Income before income taxes 161,680 156,787 154,885
Income tax expense 36,746 36,255 36,328
Net income 124,934 120,532 118,557
Net (income) loss attributable to noncontrolling interests (7) (23) (23)
Net income available to common shareholders $ 124,927 $ 120,509 $ 118,534
Basic net income per common share, in dollars per share $ 5.03 $ 4.84 $ 4.70
Diluted net income per common share, in dollars per share $ 5.03 $ 4.84 $ 4.70
Trust and wealth advisory      
Noninterest income:      
Trust and wealth advisory, service charges on deposit accounts, and debit card income $ 23,706 $ 23,107 $ 23,782
Service charges on deposit accounts      
Noninterest income:      
Trust and wealth advisory, service charges on deposit accounts, and debit card income 12,749 12,146 10,589
Debit card      
Noninterest income:      
Trust and wealth advisory, service charges on deposit accounts, and debit card income $ 17,980 $ 18,052 $ 18,125