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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:      
Loans, including fees $ 325,148 $ 221,075 $ 219,592
Taxable investment securities 19,260 11,384 7,450
Federal Home Loan Bank stock and other 11,655 11,725 1,364
Total interest income 356,063 244,184 228,406
INTEREST EXPENSE:      
Deposits 51,481 6,757 5,039
Securities sold under agreements to repurchase and other short-term borrowings 574 397 63
Federal Home Loan Bank advances 15,230 339 57
Subordinated note     507
Total interest expense 67,285 7,493 5,666
NET INTEREST INCOME 288,778 236,691 222,740
Provision for expected credit loss expense for on-balance sheet exposures (loans and investment securities) 47,624 22,348 14,808
NET INTEREST INCOME AFTER PROVISION 241,154 214,343 207,932
NONINTEREST INCOME:      
Mortgage banking income 3,542 6,196 19,994
Program fees 15,582 16,172 14,237
Increase in cash surrender value of bank owned life insurance 2,719 2,526 2,242
Death benefits in excess of cash surrender value of life insurance 1,728   979
Total noninterest income 71,457 89,810 86,575
NONINTEREST EXPENSE:      
Salaries and employee benefits 115,869 111,240 110,088
Technology, equipment, and communication 29,107 28,954 29,351
Occupancy 13,967 13,014 13,193
Marketing and development 8,446 6,875 4,390
FDIC insurance expense 2,728 1,668 1,591
Interchange related expense 5,965 4,773 4,960
Legal and professional fees 3,204 4,024 4,924
Merger expense 2,160    
Other 17,952 16,760 14,568
Total noninterest expense 199,398 187,308 183,065
INCOME BEFORE INCOME TAX EXPENSE 113,213 116,845 111,442
INCOME TAX EXPENSE 22,839 25,739 23,831
Net income 90,374 91,106 87,611
Service charges on deposit accounts      
NONINTEREST INCOME:      
Revenue under 606 13,855 13,426 12,553
Net refund transfer fees      
NONINTEREST INCOME:      
Revenue under 606 15,748 17,080 20,248
Interchange fee income      
NONINTEREST INCOME:      
Revenue under 606 13,057 13,125 13,062
Net losses on other real estate owned      
NONINTEREST INCOME:      
Revenue under 606 (211) (211) (160)
Contract termination fee      
NONINTEREST INCOME:      
Revenue under 606   5,000  
Legal settlement      
NONINTEREST INCOME:      
Revenue under 606   13,000  
Other      
NONINTEREST INCOME:      
Revenue under 606 $ 5,437 $ 3,496 $ 3,420
Class A Common Stock      
BASIC EARNINGS PER SHARE:      
Basic earnings per share (in dollars per share) $ 4.64 $ 4.60 $ 4.29
DILUTED EARNINGS PER SHARE:      
Diluted earnings per share (in dollars per share) 4.62 4.59 4.28
Class B Common Stock      
BASIC EARNINGS PER SHARE:      
Basic earnings per share (in dollars per share) 4.21 4.19 3.90
DILUTED EARNINGS PER SHARE:      
Diluted earnings per share (in dollars per share) $ 4.20 $ 4.17 $ 3.89