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 and dividend income:        
Real estate secured loans $ 195,381 $ 192,792 $ 386,884 $ 379,845
Commercial loans 82,757 78,854 160,658 154,673
Consumer loans 9,953 10,464 19,852 20,623
Available for sale debt securities, equity securities and Federal Home Loan Bank stock 35,975 31,444 69,258 61,088
Held to maturity debt securities 1,778 1,966 3,572 3,962
Due from banks, Federal funds sold and other short-term investments 751 788 1,437 1,463
Total interest and dividend income 326,595 316,308 641,661 621,654
Interest expense:        
Deposits 91,803 96,257 183,739 193,678
Borrowed funds 23,730 24,470 44,741 42,247
Subordinated debt 8,382 8,487 16,758 16,907
Total interest expense 123,915 129,214 245,238 252,832
Net interest income 202,680 187,094 396,423 368,822
Provision charge for credit losses 9,334 (2,888) 7,218 (2,250)
Net interest income after provision for credit losses 193,346 189,982 389,205 371,072
Non-interest income:        
Fees 12,259 10,736 22,722 20,391
Wealth management income 7,517 6,948 14,920 14,275
Insurance agency income 5,446 4,942 12,296 10,593
Bank-owned life insurance 3,798 2,585 7,833 4,678
Net gain (loss) on securities transactions (309) 0 (309) 87
Gain on sale of SBA loans 945 647 1,690 1,310
Other income 2,317 1,217 4,275 2,771
Total non-interest income 31,973 27,075 63,427 54,105
Non-interest expense:        
Compensation and employee benefits 67,289 63,249 133,485 125,615
Net occupancy expense 12,464 13,011 27,449 26,938
Data processing expense 9,388 9,599 19,034 19,203
FDIC insurance 3,155 3,341 5,995 6,727
Amortization of intangibles 8,559 9,497 17,122 18,998
Advertising and promotion expense 1,513 1,429 2,451 2,489
Core system conversion expense 1,508 0 1,508 0
Other operating expenses 15,382 14,488 29,355 30,911
Total non-interest expense 119,258 114,614 236,399 230,881
Income before income tax expense 106,061 102,443 216,233 194,296
Income tax expense 27,914 30,462 58,668 58,287
Net income $ 78,147 $ 71,981 $ 157,565 $ 136,009
Basic earnings per share (in dollars per share) $ 0.60 $ 0.55 $ 1.21 $ 1.04
Weighted average basic shares outstanding (in shares) 130,330,787 130,484,287 130,421,508 130,405,490
Diluted earnings per share (in dollars per share) $ 0.60 $ 0.55 $ 1.21 $ 1.04
Weighted average diluted shares outstanding (in shares) 130,388,396 130,500,143 130,488,792 130,440,958