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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 $ 579,960 $ 462,121 $ 423,152
Interest on loans held for sale 896 738 1,736
Interest on deposits with banks 22,435 2,672 725
Interest and dividend income on investment securities:      
Taxable 26,992 20,519 16,118
Tax-advantaged 7,224 9,609 8,552
Interest on federal funds sold 17 8 1
Total interest income 637,524 495,667 450,284
Interest expense:      
Interest on deposits 225,028 43,854 15,022
Interest on retail repurchase agreements and federal funds purchased 14,452 2,929 182
Interest on advances from FHLB 27,709 7,825 2,649
Interest on subordinated debt 15,785 14,055 7,913
Total interest expense 282,974 68,663 25,766
Net interest income 354,550 427,004 424,518
Provision/ (credit) for credit losses (17,561) 34,372 (45,556)
Net interest income after provision/ (credit) for credit losses 372,111 392,632 470,074
Non-interest income:      
Investment securities gains/ (losses) 0 (345) 212
Gain on disposal of assets 0 16,516 0
Insurance agency commissions 0 2,927 7,017
Income from bank owned life insurance 4,210 3,141 3,022
Other income 8,483 8,694 15,317
Total non-interest income 67,078 87,019 102,055
Non-interest expense:      
Salaries and employee benefits 160,192 158,504 155,830
Occupancy expense of premises 18,778 19,255 22,405
Equipment expenses 15,675 14,779 12,883
Marketing 5,103 5,197 4,730
Outside data services 11,186 10,199 8,983
FDIC insurance 9,461 4,792 4,294
Amortization of intangible assets 5,223 5,814 6,600
Merger, acquisition and disposal expense 0 1,068 45
Professional fees and services 17,982 9,169 10,308
Other expenses 31,454 28,516 34,392
Total non-interest expense 275,054 257,293 260,470
Income before income tax expense 164,135 222,358 311,659
Income tax expense 41,291 56,059 76,552
Net income $ 122,844 $ 166,299 $ 235,107
Net income per common share amounts:      
Basic net income per common share (in dollars per share) $ 2.74 $ 3.69 $ 5.00
Diluted net income per common share (in dollars per share) 2.73 3.68 4.98
Dividends declared per share (in dollars per share) $ 1.36 $ 1.36 $ 1.28
Service charges on deposit accounts      
Non-interest income:      
Fees and commissions, mortgage banking and servicing $ 10,447 $ 9,803 $ 8,241
Mortgage banking activities      
Non-interest income:      
Fees and commissions, mortgage banking and servicing 5,536 6,130 24,509
Wealth management income      
Non-interest income:      
Fees and commissions, mortgage banking and servicing 36,633 35,774 36,841
Bank card fees      
Non-interest income:      
Fees and commissions, mortgage banking and servicing $ 1,769 $ 4,379 $ 6,896