v3.26.1
CONSOLIDATED 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
Interest income:        
Loans receivable $ 182,469 $ 154,914 $ 363,018 $ 319,552
Mortgage-backed securities 18,024 12,154 35,023 23,884
Taxable investment securities 1,799 999 3,400 1,932
Tax-free investment securities 674 512 1,436 1,024
FHLB stock dividends 738 318 1,506 684
Interest-earning deposits 1,436 2,673 2,307 5,089
Total interest income 205,140 171,570 406,690 352,165
Interest expense:        
Deposits 50,384 46,826 101,467 94,151
Borrowed funds 7,818 5,300 15,803 10,752
Total interest expense 58,202 52,126 117,270 104,903
Net interest income 146,938 119,444 289,420 247,262
Provision for credit losses - loans 4,280 11,456 9,234 19,712
Provision/(benefit) for credit losses - unfunded commitments 2,357 (2,712) 1,772 (3,057)
Net interest income after provision for credit losses 140,301 110,700 278,414 230,607
Noninterest income:        
Gain on sale of investments 336 0 347 0
Gain on sale of SBA loans 1,217 819 2,403 2,057
Service charges and fees 16,908 15,797 34,026 30,784
Trust and other financial services income 9,449 7,948 18,067 15,858
Gain on real estate owned, net 20 258 90 342
Income from bank-owned life insurance 2,013 1,421 4,055 2,752
Mortgage banking income 738 1,075 1,067 1,771
Other operating income 3,548 3,620 6,756 5,729
Total noninterest income 34,229 30,938 66,811 59,293
Noninterest expense:        
Compensation and employee benefits 63,476 55,213 121,806 109,753
Premises and occupancy costs 8,494 7,122 18,357 15,522
Office operations 3,660 2,910 7,535 5,887
Collections expense 665 838 1,543 1,166
Processing expenses 16,948 12,973 33,754 26,963
Marketing expenses 2,362 3,018 4,030 4,898
Federal deposit insurance premiums (291)      
Federal deposit insurance premiums   2,296 2,604 4,624
Professional services 3,490 3,990 7,013 6,746
Amortization of intangible assets 2,166 436 4,355 940
Merger, asset disposition and restructuring expense 426 6,244 1,057 7,367
Other expenses 2,887 2,500 6,267 5,411
Total noninterest expense 104,283 97,540 208,321 189,277
Income before income taxes 70,247 44,098 136,904 100,623
Federal and state income taxes expense 16,701 10,423 32,822 23,490
Net income $ 53,546 $ 33,675 $ 104,082 $ 77,133
Basic earnings per share (in dollars per share) $ 0.37 $ 0.26 $ 0.71 $ 0.60
Diluted earnings per share (in dollars per share) $ 0.36 $ 0.26 $ 0.71 $ 0.60