v3.26.1
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest income:        
Loans $ 162,415 $ 156,987 $ 320,969 $ 310,395
Mortgage-backed securities 28,594 28,222 57,717 56,679
Investment securities and other 6,141 9,138 12,590 16,495
Total interest income 197,150 194,347 391,276 383,569
Interest expense:        
Deposits 34,124 37,879 67,992 74,171
Securities sold under agreements to repurchase 1,074 120 2,929 830
Advances from FHLB and other borrowings 4,653 4,420 9,243 7,569
Total interest expense 39,851 42,419 80,164 82,570
Net interest income 157,299 151,928 311,112 300,999
Provision for credit losses 13,006 21,678 35,489 47,366
Net interest income after provision for credit losses 144,293 130,250 275,623 253,633
Non-interest income:        
Banking service revenue 17,397 15,982 34,341 31,963
Wealth management revenue 9,727 8,918 18,640 17,373
Mortgage banking activities 5,860 5,347 11,991 10,123
Total banking and financial service revenues 32,984 30,247 64,972 59,459
Other non-interest income 39 184 218 489
Total non-interest income 33,023 30,431 65,190 59,948
Non-interest expense:        
Compensation and employee benefits 41,176 39,565 82,523 79,497
Occupancy, equipment and infrastructure costs 14,273 14,629 27,691 29,449
Electronic banking charges 12,229 12,276 20,834 21,946
Information technology expenses 7,117 6,678 13,714 12,966
Professional and service fees 4,839 4,813 11,053 9,931
Taxes, other than payroll and income taxes 4,158 3,743 8,291 7,469
Insurance 2,802 3,025 5,675 5,791
Advertising, business promotion, and strategic initiatives 3,187 2,544 6,204 5,161
Loan servicing and clearing expenses 2,497 2,172 5,061 4,406
Communication 1,100 1,221 2,199 2,340
Printing, postage, stationery and supplies 933 983 2,420 2,129
Director and investor relations 396 382 709 717
Foreclosed real estate and other repossessed assets (income) expenses, net (476) 310 (590) 1,338
Operational losses and related loss provisions 5,930 306 6,547 380
Other 2,671 2,155 5,204 4,734
Total non-interest expense 102,832 94,802 197,535 188,254
Income before income taxes 74,484 65,879 143,278 125,327
Income tax expense 15,707 14,078 30,564 27,954
Net income available to common shareholders $ 58,777 $ 51,801 $ 112,714 $ 97,373
Earnings per common share:        
Basic (in dollars per share) $ 1.39 $ 1.15 $ 2.65 $ 2.16
Diluted (in dollars per share) $ 1.39 $ 1.15 $ 2.64 $ 2.15
Average common shares outstanding and equivalents (in shares) 42,397 45,033 42,645 45,265
Cash dividends per share of common stock (in dollars per share) $ 0.35 $ 0.30 $ 0.70 $ 0.60