v3.26.1
CONSOLIDATED CONDENSED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Loans:        
Taxable $ 226,531 $ 195,173 $ 440,158 $ 382,901
Tax exempt 11,823 10,805 23,412 21,337
Investment securities:        
Taxable 7,355 8,266 14,902 16,638
Tax exempt 12,458 12,516 25,055 25,033
Deposits with financial institutions 1,147 1,892 2,391 4,264
Federal Home Loan Bank stock 1,525 1,083 3,490 2,080
Total Interest Income 260,839 229,735 509,408 452,253
INTEREST EXPENSE        
Deposits 86,254 84,241 170,347 164,788
Federal funds purchased 717 965 1,307 1,777
Securities sold under repurchase agreements 419 663 751 1,405
Federal Home Loan Bank advances 13,190 9,714 24,238 19,078
Subordinated debentures and other borrowings 1,318 1,138 2,521 1,921
Total Interest Expense 101,898 96,721 199,164 188,969
NET INTEREST INCOME 158,941 133,014 310,244 263,284
Provision for credit losses 33,000 5,600 37,900 9,800
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 125,941 127,414 272,344 253,484
NONINTEREST INCOME        
Net gains and fees on sales of loans 7,742 5,849 14,253 10,871
Earnings on bank-owned life insurance 2,325 1,913 5,771 4,092
Net realized losses on sales of available for sale securities 0 (1) 0 (8)
Net loss on mortgage loans reclassified to held for sale 0 0 (29,755) 0
Other income (loss) 577 (19) 967 774
Total Noninterest Income 37,156 31,303 42,985 61,351
NONINTEREST EXPENSE        
Salaries and employee benefits 65,774 54,527 135,217 109,509
Net occupancy 8,227 6,845 16,528 14,061
Equipment 8,603 6,927 16,421 13,935
Marketing 2,370 1,997 3,971 3,350
Outside data processing fees 8,045 7,107 15,235 13,036
Printing and office supplies 491 272 868 619
Intangible asset amortization 2,706 1,505 5,008 3,031
FDIC assessments 4,390 3,552 8,283 7,200
Other real estate owned and foreclosure expenses 1,052 29 2,152 629
Professional and other outside services 4,979 3,741 19,572 7,002
Other expenses 8,710 7,096 17,237 14,128
Total Noninterest Expense 115,347 93,598 240,492 186,500
Income Before Income Taxes 47,750 65,119 74,837 128,335
Income tax expense 3,770 8,287 2,701 16,164
NET INCOME 43,980 56,832 72,136 112,171
Preferred stock dividends 469 469 938 938
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 43,511 $ 56,363 $ 71,198 $ 111,233
Per Share Data:        
Basic Net Income Available to Common Stockholders (in dollars per share) $ 0.70 $ 0.98 $ 1.16 $ 1.93
Diluted Net Income Available to Common Stockholders (in dollars per share) 0.70 0.98 1.15 1.92
Cash Dividends Paid (in dollars per share) $ 0.37 $ 0.36 $ 0.73 $ 0.71
Average Diluted Common Shares Outstanding (in shares) 62,573,736 57,772,580 61,795,402 58,005,385
Service charges on deposit accounts        
NONINTEREST INCOME        
Other income $ 9,372 $ 8,566 $ 18,409 $ 16,638
Fiduciary and wealth management fees        
NONINTEREST INCOME        
Other income 9,638 8,831 19,406 17,475
Card payment fees        
NONINTEREST INCOME        
Other income 5,505 4,932 10,780 9,458
Derivative hedge fees        
NONINTEREST INCOME        
Other income 1,117 831 1,681 1,235
Other customer fees        
NONINTEREST INCOME        
Other income $ 880 $ 401 $ 1,473 $ 816