v3.26.1
Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest Income    
Loans $ 230,269 $ 239,280
Mortgage loans in process of securitization 4,387 3,743
Investment securities:    
Available for sale 9,942 12,358
Held to maturity 19,479 24,358
FHLB stock and other equity securities (dividends) 4,394 4,372
Other 2,040 3,093
Total interest income 270,511 287,204
Interest Expense    
Deposits 109,849 123,941
Short-term borrowings 28,937 33,364
Long-term borrowings 3,077 7,703
Total interest expense 141,863 165,008
Net Interest Income 128,648 122,196
Provision for credit losses 15,299 7,727
Net Interest Income After Provision for Credit Losses 113,349 114,469
Noninterest Income    
Gain on sale of loans 13,506 11,619
Loan servicing fees, net 15,099 4,010
Mortgage warehouse fees 1,620 1,513
Syndication and asset management fees 3,117 3,389
Other income 13,257 3,162
Total noninterest income 46,599 23,693
Noninterest Expense    
Salaries and employee benefits 38,565 36,419
Loan expense 1,185 798
Occupancy and equipment 3,081 2,351
Professional fees 2,767 2,894
Deposit insurance expense 8,408 7,228
Technology expense 2,679 2,374
Credit risk transfer premium expense 5,764 3,862
Other expense 13,193 5,738
Total noninterest expense 75,642 61,664
Income Before Income Taxes 84,306 76,498
Provision for income taxes 16,574 18,259
Net Income 67,732 58,239
Dividends on preferred stock (10,265) (10,265)
Impact of preferred stock redemption   (5,371)
Net Income Allocated to Common Shareholders $ 57,467 $ 42,603
Basic Earnings Per Share (in dollars per share) $ 1.25 $ 0.93
Diluted Earnings Per Share (in dollars per share) $ 1.25 $ 0.93
Weighted-Average Shares Outstanding    
Basic (in shares) 45,929,936 45,824,022
Diluted (in shares) 45,997,744 45,914,083