v3.25.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
INTEREST AND DIVIDEND INCOME    
Interest and fees on loans $ 146,505 $ 161,942
Debt securities 17,106 13,695
Deposits in financial institutions and federal funds sold 9,244 8,050
Equity securities and other investments 870 900
Total interest and dividend income 173,725 184,587
INTEREST EXPENSE    
Transaction and savings deposits 45,165 46,784
Certificates and other time deposits 30,268 40,492
Advances from FHLB 27 1,391
Subordinated debentures and subordinated notes 2,824 3,114
Total interest expense 78,284 91,781
NET INTEREST INCOME 95,441 92,806
Provision for credit losses on loans 4,000 7,500
Provision (benefit) for credit losses on unfunded commitments 1,300 (1,541)
Net interest income after provision (benefit) for credit losses 90,141 86,847
NONINTEREST INCOME    
Service charges and fees on deposit accounts 5,611 4,896
Loan fees 2,495 2,510
Loss on sales of debt securities 0 (6,304)
Government guaranteed loan income, net 3,301 2,614
Customer swap income 700 408
Other 2,182 2,538
Total noninterest income 14,289 6,662
NONINTEREST EXPENSE    
Salaries and employee benefits 36,624 33,365
Occupancy and equipment 4,650 4,677
Professional and regulatory fees 4,931 6,053
Data processing and software expense 5,403 4,856
Marketing 2,032 1,546
Amortization of intangibles 2,438 2,438
Telephone and communications 330 261
Other 10,426 8,920
Total noninterest expense 66,834 62,116
Income before income tax expense 37,596 31,393
Provision for income taxes 8,526 7,237
NET INCOME $ 29,070 $ 24,156
Basic EPS (in dollars per share) $ 0.53 $ 0.44
Diluted EPS (in dollars per share) $ 0.53 $ 0.44