v3.26.1
Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest income:    
Loans $ 273,473 $ 270,784
Investment securities    
Taxable 24,728 27,433
Tax-exempt 7,829 7,650
Deposits – other banks 4,945 6,620
Federal funds sold 48 55
Total interest income 311,023 312,542
Interest expense:    
Interest on deposits 79,145 86,786
FHLB and other borrowed funds 4,692 5,902
Securities sold under agreements to repurchase 927 1,074
Subordinated debentures 2,355 4,124
Total interest expense 87,119 97,886
Net interest income 223,904 214,656
Provision for credit losses on loans 1,500 0
Recovery of credit losses on unfunded commitments (1,000) 0
Total credit loss expense 500 0
Net interest income after credit loss expense 223,404 214,656
Non-interest income:    
Trust fees 5,482 4,760
Mortgage lending income 4,430 3,599
Insurance commissions 536 535
Increase in cash value of life insurance 1,368 1,842
Dividends from FHLB, FRB, FNBB & other 2,536 2,718
Gain on sale of SBA loans 80 288
Loss on sale of branches, equipment and other assets, net (7) (163)
Gain (loss) on OREO, net 707 (376)
Fair value adjustment for marketable securities (1,248) 442
Other income 9,102 11,442
Total non-interest income 42,803 45,426
Non-interest expense:    
Salaries and employee benefits 63,236 61,855
Occupancy and equipment 14,867 14,425
Data processing expense 8,884 8,558
Merger and acquisition expenses 394 0
Other operating expenses 26,594 28,090
Total non-interest expense 113,975 112,928
Income before income taxes 152,232 147,154
Income tax expense 34,023 31,945
Net income $ 118,209 $ 115,209
Basic earnings per share (in dollars per share) $ 0.60 $ 0.58
Diluted earnings per share (in dollars per share) $ 0.60 $ 0.58
Service charges on deposit accounts    
Non-interest income:    
Service charges $ 10,007 $ 9,650
Other service charges and fees    
Non-interest income:    
Service charges $ 9,810 $ 10,689