v3.26.1
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest Income        
Interest and fees on loans $ 125,845 $ 112,921 $ 246,592 $ 223,418
Interest on investment securities:        
Taxable interest income 16,925 16,857 34,481 32,381
Tax-exempt interest income 1,115 1,116 2,230 2,232
Other, principally overnight investments 4,430 5,837 7,402 11,324
Total interest income 148,315 136,731 290,705 269,355
Interest Expense        
Interest on deposits 35,812 38,405 69,858 76,524
Interest on borrowings 1,237 1,660 2,465 3,318
Total interest expense 37,049 40,065 72,323 79,842
Net interest income 111,266 96,666 218,382 189,513
Provision for credit losses 1,169 2,212 4,252 3,328
Net interest income after provision for credit losses 110,097 94,454 214,130 186,185
Noninterest Income        
Service charges on deposit accounts 4,205 3,976 8,159 7,743
Other service charges and fees 5,986 6,605 11,928 12,524
Presold mortgage loan fees and gains on sale 660 315 1,329 765
Commissions from sales of financial products 1,707 1,388 3,199 2,796
SBA loan sale gains 529 151 1,432 203
Bank-owned life insurance income 1,358 1,221 2,698 2,449
Other income, net 1,589 636 2,467 768
Total noninterest income 16,034 14,292 31,212 27,248
Noninterest Expense        
Salaries, incentives and commissions expense 31,529 29,005 61,507 57,666
Employee benefit expense 6,958 6,187 13,474 12,282
Total personnel expense 38,487 35,192 74,981 69,948
Occupancy and equipment expense 4,961 5,195 10,316 10,387
Intangibles amortization expense 1,199 1,468 2,446 2,984
Other operating expenses 18,114 17,069 35,236 33,516
Total noninterest expenses 62,761 58,924 122,979 116,835
Income before income taxes 63,370 49,822 122,363 96,598
Income tax expense 12,851 11,256 25,185 21,626
Net income $ 50,519 $ 38,566 $ 97,178 $ 74,972
Earnings per common share:        
Basic (in dollars per share) $ 1.22 $ 0.93 $ 2.35 $ 1.81
Diluted (in dollars per share) $ 1.22 $ 0.93 $ 2.35 $ 1.81
Weighted average common shares outstanding:        
Basic (in shares) 41,184,914 41,168,260 41,217,526 41,149,623
Diluted (in shares) 41,375,377 41,441,393 41,417,215 41,424,063