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CONSOLIDATED CONDENSED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Loans receivable:    
Taxable $ 198,023 $ 172,353
Tax exempt 8,190 7,709
Investment securities:    
Taxable 8,748 9,087
Tax exempt 13,611 16,070
Deposits with financial institutions 6,493 637
Federal Home Loan Bank stock 835 542
Total Interest Income 235,900 206,398
INTEREST EXPENSE    
Deposits 98,285 50,685
Federal funds purchased 0 1,297
Securities sold under repurchase agreements 1,032 848
Federal Home Loan Bank advances 6,773 7,064
Subordinated debentures and other borrowings 2,747 2,385
Total Interest Expense 108,837 62,279
NET INTEREST INCOME 127,063 144,119
Provision for credit losses 2,000 0
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 125,063 144,119
NONINTEREST INCOME    
Net gains and fees on sales of loans 3,254 2,399
Increase in cash surrender value of life insurance 1,449 1,287
Gains on life insurance benefits 143 1
Net realized losses on sales of available for sale securities (2) (1,571)
Other income 497 823
Total Noninterest Income 26,638 24,997
NONINTEREST EXPENSES    
Salaries and employee benefits 58,293 57,459
Net occupancy 7,312 7,259
Equipment 6,226 6,126
Marketing 1,198 1,309
Outside data processing fees 6,889 6,113
Printing and office supplies 353 383
Intangible asset amortization 1,957 2,197
FDIC assessments 4,287 1,396
Other real estate owned and foreclosure expenses 534 (18)
Professional and other outside services 3,952 3,698
Other expenses 5,934 7,798
Total Noninterest Expenses 96,935 93,720
INCOME BEFORE INCOME TAX 54,766 75,396
Income tax expense 6,825 11,317
NET INCOME 47,941 64,079
Preferred stock dividends 469 469
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 47,472 $ 63,610
Per Share Data:    
Basic Net Income Available to Common Stockholders (in dollars per share) $ 0.80 $ 1.07
Diluted Net Income Available to Common Stockholders (in dollars per share) 0.80 1.07
Cash Dividends Paid (in dollars per share) $ 0.34 $ 0.32
Average Diluted Common Shares Outstanding (in shares) 59,273,014 59,440,728
Service charges on deposit accounts    
NONINTEREST INCOME    
Other income $ 7,907 $ 7,359
Fiduciary and wealth management fees    
NONINTEREST INCOME    
Other income 8,200 7,862
Card payment fees    
NONINTEREST INCOME    
Other income 4,500 5,172
Derivative hedge fees    
NONINTEREST INCOME    
Other income 263 1,148
Other customer fees    
NONINTEREST INCOME    
Other income $ 427 $ 517