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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:      
Interest and fees on loans $ 445,167 $ 335,075 $ 308,355
Interest and dividends on taxable investments 82,368 95,371 68,607
Interest and dividends on nontaxable investments 13,853 13,283 10,458
Total interest income 541,388 443,729 387,420
Interest expense:      
Interest on deposits 85,337 15,044 11,631
Interest on borrowings 18,766 8,055 1,377
Total interest expense 104,103 23,099 13,008
Net interest income 437,285 420,630 374,412
Provision for credit losses 11,203 14,773 (8,839)
Net interest income after provision for credit losses 426,082 405,857 383,251
Noninterest revenues:      
Deposit service fees 63,062 66,850 59,212
Mortgage banking 595 390 1,772
Other banking services 6,315 4,644 3,674
Employee benefit services 117,961 115,408 114,328
Insurance services 47,094 39,810 33,992
Wealth management services 31,941 31,667 33,240
Loss on sales of investment securities (52,329) 0 0
Gain on debt extinguishment 242 0 0
Unrealized (loss) gain on equity securities (47) (44) 17
Total noninterest revenues 214,834 258,725 246,235
Noninterest expenses:      
Salaries and employee benefits 281,803 257,339 241,501
Data processing and communications 57,585 54,099 51,003
Occupancy and equipment 42,550 42,413 41,240
Amortization of intangible assets 14,511 15,214 14,051
Legal and professional fees 15,921 14,018 11,723
Business development and marketing 15,731 13,095 9,319
Litigation accrual 5,800 0 (100)
Acquisition expenses 63 5,021 701
Acquisition-related contingent consideration adjustment 3,280 (300) 200
Restructuring expenses 1,163 0 0
Other expenses 34,278 23,369 18,500
Total noninterest expenses 472,685 424,268 388,138
Income before income taxes 168,231 240,314 241,348
Income taxes 36,307 52,233 51,654
Net income $ 131,924 $ 188,081 $ 189,694
Basic earnings per share(in dollar per share) $ 2.45 $ 3.48 $ 3.51
Diluted earnings per share(in dollar per share) $ 2.45 $ 3.46 $ 3.48