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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
INTEREST INCOME    
Loans, including fees $ 261,490 $ 227,498
Interest bearing balances due from banks and federal funds sold 3,010 2,783
Investment securities 58,001 48,774
Mortgage loans held for sale 148 82
TOTAL INTEREST INCOME 322,649 279,137
INTEREST EXPENSE    
Deposits 151,933 87,528
Federal funds purchased and securities sold under agreements to repurchase 189 323
Other borrowings 11,649 8,848
Subordinated notes and debentures 6,972 4,603
TOTAL INTEREST EXPENSE 170,743 101,302
NET INTEREST INCOME 151,906 177,835
Provision for credit losses 10,206 24,216
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 141,700 153,619
NONINTEREST INCOME    
Bank owned life insurance income 3,814 2,973
Other income 7,172 11,256
TOTAL NONINTEREST INCOME 43,184 45,835
NONINTEREST EXPENSE    
Salaries and employee benefits 72,653 77,038
Occupancy expense, net 12,258 11,578
Furniture and equipment expense 5,141 5,051
Other real estate and foreclosure expense 179 186
Deposit insurance 7,135 4,893
Merger related costs 0 1,396
Other operating expenses 42,513 43,086
TOTAL NONINTEREST EXPENSE 139,879 143,228
INCOME BEFORE INCOME TAXES 45,005 56,226
Provision for income taxes 6,134 10,637
NET INCOME $ 38,871 $ 45,589
BASIC EARNINGS PER SHARE (in dollars per share) $ 0.31 $ 0.36
DILUTED EARNINGS PER SHARE (in dollars per share) $ 0.31 $ 0.36
Service charges on deposit accounts    
NONINTEREST INCOME    
Non-interest income $ 11,955 $ 12,437
Debit and credit card fees    
NONINTEREST INCOME    
Non-interest income 8,246 7,952
Wealth management fees    
NONINTEREST INCOME    
Non-interest income 7,478 7,365
Mortgage lending income    
NONINTEREST INCOME    
Non-interest income 2,320 1,570
Other service charges and fees    
NONINTEREST INCOME    
Non-interest income $ 2,199 $ 2,282