Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Income (Unaudited)

v3.25.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest income:    
Interest and fees on loans $ 196,936 $ 186,978
Taxable securities 16,023 15,979
Nontaxable securities 6 9
Federal funds sold 20 541
Other interest and dividends 28,111 23,203
Total interest income 241,096 226,710
Interest expense:    
Deposits 94,745 104,066
Borrowed funds 22,798 20,149
Total interest expense 117,543 124,215
Net interest income 123,553 102,495
Provision for credit losses 6,630 4,535
Net interest income after provision for credit losses 116,923 97,960
Noninterest income:    
Bank-owned life insurance income 2,137 3,231
Other operating income 1,001 694
Total noninterest income 8,277 8,908
Noninterest expense:    
Salaries and employee benefits 22,879 22,986
Equipment and occupancy expense 3,722 3,557
Third party processing and other services 7,738 7,166
Professional services 1,933 1,464
FDIC and other regulatory assessments 2,854 3,905
Other real estate owned expense 33 30
Other operating expenses 6,948 7,123
Total noninterest expenses 46,107 46,231
Income before income taxes 79,093 60,637
Provision for income taxes 15,869 10,611
Net income 63,224 50,026
Dividends on preferred stock 0 0
Net income available to common stockholders $ 63,224 $ 50,026
Basic earnings per common share (in dollars per share) $ 1.16 $ 0.92
Diluted earnings per common share (in dollars per share) $ 1.16 $ 0.92
Deposit Account [Member]    
Noninterest income:    
Revenue not from contract with customer $ 2,558 $ 2,150
Mortgage Banking [Member]    
Noninterest income:    
Revenue not from contract with customer 613 678
Credit Card [Member]    
Noninterest income:    
Revenue not from contract with customer $ 1,968 $ 2,155