v3.25.2
CONSOLIDATED CONDENSED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Loans receivable:        
Taxable $ 195,173 $ 201,413 $ 382,901 $ 399,436
Tax exempt 10,805 8,430 21,337 16,620
Investment securities:        
Taxable 8,266 9,051 16,638 17,799
Tax exempt 12,516 13,613 25,033 27,224
Deposits with financial institutions 1,892 2,995 4,264 9,488
Federal Home Loan Bank stock 1,083 879 2,080 1,714
Total Interest Income 229,735 236,381 452,253 472,281
INTEREST EXPENSE        
Deposits 84,241 99,151 164,788 197,436
Federal funds purchased 965 126 1,777 126
Securities sold under repurchase agreements 663 645 1,405 1,677
Federal Home Loan Bank advances 9,714 6,398 19,078 13,171
Subordinated debentures and other borrowings 1,138 1,490 1,921 4,237
Total Interest Expense 96,721 107,810 188,969 216,647
NET INTEREST INCOME 133,014 128,571 263,284 255,634
Provision for credit losses 5,600 24,500 9,800 26,500
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 127,414 104,071 253,484 229,134
NONINTEREST INCOME        
Net gains and fees on sales of loans 5,849 5,141 10,871 8,395
Earnings on cash surrender value of life insurance 1,913 1,929 4,092 3,521
Net realized losses on sales of available for sale securities (1) (49) (8) (51)
Other income (loss) (19) 1,586 774 2,083
Total Noninterest Income 31,303 31,334 61,351 57,972
NONINTEREST EXPENSES        
Salaries and employee benefits 54,527 52,214 109,509 110,507
Net occupancy 6,845 6,746 14,061 14,058
Equipment 6,927 6,599 13,935 12,825
Marketing 1,997 1,773 3,350 2,971
Outside data processing fees 7,107 7,072 13,036 13,961
Printing and office supplies 272 354 619 707
Intangible asset amortization 1,505 1,771 3,031 3,728
FDIC assessments 3,552 3,278 7,200 7,565
Other real estate owned and foreclosure expenses 29 373 629 907
Professional and other outside services 3,741 3,822 7,002 7,774
Other expenses 7,096 7,411 14,128 13,345
Total Noninterest Expenses 93,598 91,413 186,500 188,348
INCOME BEFORE INCOME TAX 65,119 43,992 128,335 98,758
Income tax expense 8,287 4,067 16,164 10,892
NET INCOME 56,832 39,925 112,171 87,866
Preferred stock dividends 469 469 938 938
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 56,363 $ 39,456 $ 111,233 $ 86,928
Per Share Data:        
Basic Net Income Available to Common Stockholders (in dollars per share) $ 0.98 $ 0.68 $ 1.93 $ 1.48
Diluted Net Income Available to Common Stockholders (in dollars per share) 0.98 0.68 1.92 1.48
Cash Dividends Paid (in dollars per share) $ 0.36 $ 0.35 $ 0.71 $ 0.69
Average Diluted Common Shares Outstanding (in shares) 57,772,580 58,328,265 58,005,385 58,800,463
Service charges on deposit accounts        
NONINTEREST INCOME        
Other income $ 8,566 $ 8,214 $ 16,638 $ 16,121
Fiduciary and wealth management fees        
NONINTEREST INCOME        
Other income 8,831 8,825 17,475 17,025
Card payment fees        
NONINTEREST INCOME        
Other income 4,932 4,739 9,458 9,239
Derivative hedge fees        
NONINTEREST INCOME        
Other income 831 489 1,235 752
Other customer fees        
NONINTEREST INCOME        
Other income $ 401 $ 460 $ 816 $ 887