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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Loans/leases, including fees:      
Taxable $ 284,778 $ 215,900 $ 152,129
Nontaxable 83,889 41,937 21,811
Securities:      
Taxable 14,927 12,078 8,923
Nontaxable 22,335 19,089 16,167
Interest-bearing deposits at financial institutions 4,137 1,089 173
Restricted investment securities 2,346 2,068 950
Federal funds sold 998 410 2
Total interest and dividend income 413,410 292,571 200,155
Interest expense:      
Deposits 159,419 42,362 13,300
Short-term borrowings 179 299 5
Federal Home Loan Bank advances 16,740 6,954 70
Other borrowings   53  
Subordinated notes 13,230 9,200 6,272
Junior subordinated debentures 2,836 2,583 2,275
Total interest expense 192,404 61,451 21,922
Net interest income 221,006 231,120 178,233
Provision for credit losses 16,539 8,284 3,486
Net interest income after provision for credit losses 204,467 222,836 174,747
Noninterest income:      
Revenue 546,094 373,300 300,577
Gains on sales of residential real estate loans, net 1,611 2,411 4,397
Gains on sales of government guaranteed portions of loans, net 54 119 227
Capital markets revenue 92,065 41,309 60,992
Securities losses, net (451)   (88)
Earnings on bank-owned life insurance 4,184 2,056 1,838
Loan related fee income 3,066 2,428 2,268
Fair value gain (loss) on derivatives (1,262) 1,975 170
Other 1,817 1,372 3,870
Total noninterest income 132,684 80,729 100,422
Noninterest expense:      
Salaries and employee benefits 136,619 115,368 100,907
Occupancy and equipment expense 25,031 21,975 15,918
Professional and data processing fees 16,271 16,282 14,579
Acquisition costs   3,715 624
Post-acquisition compensation, transition and integration costs 207 5,526  
Disposition costs     13
FDIC insurance, other insurance and regulatory fees 7,137 5,806 4,475
Loan/lease expense 2,868 1,829 1,671
Net income from and gains/losses on operations of other real estate (26) (40) (1,420)
Advertising and marketing 6,042 4,958 4,254
Communication and data connectivity 2,063 2,213 1,798
Supplies 1,254 1,109 1,053
Bank service charges 2,592 2,282 2,173
Correspondent banking expense 963 840 799
Intangibles amortization 2,938 2,854 2,032
Payment card processing 2,656 1,964 1,412
Trust expense 1,396 775 758
Other 2,520 2,560 2,656
Total noninterest expense 210,531 190,016 153,702
Net income before income taxes 126,620 113,549 121,467
Federal and state income tax expense 13,062 14,483 22,562
Net income $ 113,558 $ 99,066 $ 98,905
Basic earnings per common share $ 6.79 $ 5.94 $ 6.30
Diluted earnings per common share $ 6.73 $ 5.87 $ 6.20
Weighted average common shares outstanding 16,732,406 16,681,844 15,708,744
Weighted average common and common equivalent shares outstanding 16,866,391 16,890,007 15,944,708
Cash dividends declared per common share $ 0.24 $ 0.24 $ 0.24
Trust fees      
Noninterest income:      
Revenue $ 11,697 $ 10,641 $ 11,206
Investment advisory and management fees      
Noninterest income:      
Revenue 3,864 3,858 4,080
Deposit service fees      
Noninterest income:      
Revenue 8,177 8,134 6,132
Debit card fees      
Noninterest income:      
Revenue 6,200 5,459 4,216
Correspondent banking fees      
Noninterest income:      
Revenue $ 1,662 $ 967 $ 1,114