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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
INTEREST INCOME        
Loans, including fees $ 121,891 $ 87,078 $ 340,899 $ 238,758
Debt securities:        
Taxable 9,260 6,793 27,659 15,716
Tax-exempt 22 22 52 71
Federal funds sold 63 24 176 30
Interest-bearing deposits with banks 28,989 20,095 87,703 29,452
Total interest income 160,225 114,012 456,489 284,027
INTEREST EXPENSE        
Deposits 54,838 11,999 133,747 17,566
Short-term borrowings 49 36 261 49
Subordinated debt 1,030 1,030 3,091 3,091
Total interest expense 55,917 13,065 137,099 20,706
Net interest income 104,308 100,947 319,390 263,321
Provision for credit losses 2,312 2,863 7,458 6,300
Net interest income after provision for credit losses 101,996 98,084 311,932 257,021
NONINTEREST INCOME        
Securities transactions (includes accumulated other comprehensive loss reclassifications of $0 and $1,536, respectively) (361) 966 (464) (2,949)
Income from sales of loans 734 969 2,095 3,891
Insurance commissions 8,429 7,498 23,395 20,227
Cash management 8,177 5,624 22,838 13,202
Gain on sale of other assets 464 53 1,258 216
Other 5,113 7,935 16,925 24,258
Total noninterest income 44,449 49,331 140,251 135,579
NONINTEREST EXPENSE        
Salaries and employee benefits 50,200 47,741 149,255 136,957
Occupancy, net 5,487 4,930 15,588 14,067
Depreciation 4,685 4,612 14,097 14,034
Amortization of intangible assets 885 880 2,645 2,568
Data processing services 1,820 1,876 6,144 5,656
Net expense from other real estate owned 2,720 2,392 8,068 3,676
Marketing and business promotion 2,034 1,945 6,461 5,609
Deposit insurance 1,419 1,202 4,495 3,526
Other 11,965 13,500 35,889 39,214
Total noninterest expense 81,215 79,078 242,642 225,307
Income before taxes 65,230 68,337 209,541 167,293
Income tax expense 14,242 12,985 46,010 31,319
Net income $ 50,988 $ 55,352 $ 163,531 $ 135,974
NET INCOME PER COMMON SHARE        
Basic $ 1.55 $ 1.69 $ 4.97 $ 4.15
Diluted $ 1.52 $ 1.65 $ 4.88 $ 4.07
OTHER COMPREHENSIVE (LOSS)/GAIN        
Unrealized loss on debt securities, net of tax benefit of $1,919, $11,033, $1,765 and $26,492, respectively $ (6,172) $ (35,752) $ (5,614) $ (85,557)
Reclassification adjustment for loss included in net income, net of tax expense of $0, $0, $0 and $369, respectively       1,167
Other comprehensive loss, net of tax benefit of $1,919, $11,033, $1,765 and $26,123, respectively (6,172) (35,752) (5,614) (84,390)
Comprehensive income 44,816 19,600 157,917 51,584
Trust Revenue [Member]        
NONINTEREST INCOME        
Revenue 4,866 4,125 13,678 11,580
Service Charges on Deposits [Member]        
NONINTEREST INCOME        
Revenue $ 17,027 $ 22,161 $ 60,526 $ 65,154