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Consolidated Statements of Earnings (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
INTEREST INCOME:    
Interest and fees on loans $ 117,091,000 $ 89,009,000
Interest on investment securities:    
Taxable 19,952,000 20,782,000
Exempt from federal income tax 7,737,000 10,067,000
Interest on federal funds sold and interest-bearing demand deposits in banks 4,715,000 1,650,000
Total interest income 149,495,000 121,508,000
INTEREST EXPENSE:    
Interest on deposits 45,251,000 21,812,000
Interest on repurchase agreements and borrowings 4,002,000 3,410,000
Total interest expense 49,253,000 25,222,000
Net interest income 100,242,000 96,286,000
Provision for credit losses 808,000 2,781,000
Net interest income after provision for credit losses 99,434,000 93,505,000
NONINTEREST INCOME:    
Trust fees 11,379,000 9,845,000
Service charges on deposit accounts 6,246,000 6,036,000
Debit card fees 4,891,000 4,936,000
Credit card fees 631,000 609,000
Gain on sale and fees on mortgage loans 3,128,000 2,974,000
Net gain on sale of available-for-sale securities 0 12,000
Net gain on sale of foreclosed assets 0 34,000
Net gain on sale of other assets 0 930,000
Interest on loan recoveries 555,000 346,000
Other 2,553,000 2,285,000
Total noninterest income 29,383,000 28,007,000
NONINTEREST EXPENSE:    
Salaries, commissions and employee benefits 36,683,000 31,461,000
Net occupancy expense 3,470,000 3,430,000
Equipment expense 2,237,000 2,127,000
FDIC insurance premiums 1,965,000 1,654,000
Debit card expense 3,058,000 3,199,000
Professional and service fees 2,396,000 2,365,000
Printing, stationery and supplies 447,000 710,000
Operational and other losses 1,154,000 931,000
Software amortization and expense 3,005,000 2,311,000
Amortization of intangible assets 157,000 228,000
Other 9,368,000 8,840,000
Total noninterest expense 63,940,000 57,256,000
EARNINGS BEFORE INCOME TAXES 64,877,000 64,256,000
INCOME TAX EXPENSE 11,480,000 11,688,000
NET EARNINGS $ 53,397,000 $ 52,568,000
NET EARNINGS PER SHARE, BASIC $ 0.37 $ 0.37
NET EARNINGS PER SHARE, DILUTED 0.37 0.37
DIVIDENDS PER SHARE $ 0.18 $ 0.17