v3.25.2
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest income:        
Loans $ 156,987 $ 154,257 $ 310,395 $ 303,851
Mortgage-backed securities 28,222 20,893 56,679 40,687
Investment securities and other 9,138 12,508 16,495 26,546
Total interest income 194,347 187,658 383,569 371,084
Interest expense:        
Deposits 37,879 37,812 74,171 74,604
Securities sold under agreements to repurchase 120 0 830 0
Advances from FHLB and other borrowings 4,420 2,521 7,569 5,053
Total interest expense 42,419 40,333 82,570 79,657
Net interest income 151,928 147,325 300,999 291,427
Provision for credit losses 21,678 15,581 47,366 30,702
Net interest income after provision for credit losses 130,250 131,744 253,633 260,725
Non-interest income:        
Banking service revenue 15,982 18,781 31,963 36,040
Wealth management revenue 8,918 8,440 17,373 16,547
Mortgage banking activities 5,347 4,864 10,123 9,557
Total banking and financial service revenues 30,247 32,085 59,459 62,144
Net loss on sale of securities 0 0 0 (7)
Other non-interest income 184 391 489 687
Total non-interest income 30,431 32,476 59,948 62,824
Non-interest expense:        
Compensation and employee benefits 39,565 38,467 79,497 78,283
Occupancy, equipment and infrastructure costs 14,629 14,393 29,449 28,715
Electronic banking charges 12,276 11,687 21,946 22,053
Information technology expenses 6,678 6,565 12,966 13,168
Professional and service fees 4,813 5,117 9,931 9,121
Taxes, other than payroll and income taxes 3,743 3,224 7,469 6,467
Insurance 3,025 3,117 5,791 5,793
Loan servicing and clearing expenses 2,172 1,890 4,406 4,000
Advertising, business promotion, and strategic initiatives 2,544 2,445 5,161 4,824
Communication 1,221 1,219 2,340 2,300
Printing, postage, stationery and supplies 983 939 2,129 1,898
Foreclosed real estate and other repossessed assets expenses (income), net 310 (731) 1,338 (63)
Other 2,843 4,628 5,831 7,813
Total non-interest expense 94,802 92,960 188,254 184,372
Income before income taxes 65,879 71,260 125,327 139,177
Income tax expense 14,078 20,129 27,954 38,354
Net income available to common shareholders $ 51,801 $ 51,131 $ 97,373 $ 100,823
Earnings per common share:        
Basic (in dollars per share) $ 1.15 $ 1.09 $ 2.16 $ 2.14
Diluted (in dollars per share) $ 1.15 $ 1.08 $ 2.15 $ 2.13
Average common shares outstanding and equivalents (in shares) 45,033 47,131 45,265 47,244
Cash dividends per share of common stock (in dollars per share) $ 0.30 $ 0.25 $ 0.60 $ 0.50