Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income (Unaudited)

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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income:    
Interest and fees on loans $ 186,978 $ 163,732
Taxable securities 15,979 10,895
Nontaxable securities 9 21
Federal funds sold 541 614
Other interest and dividends 23,203 6,060
Total interest income 226,710 181,322
Interest expense:    
Deposits 104,066 55,713
Borrowed funds 20,149 17,308
Total interest expense 124,215 73,021
Net interest income 102,495 108,301
Provision for credit losses 4,368 4,197
Net interest income after provision for credit losses 98,127 104,104
Noninterest income    
Bank-owned life insurance income 3,231 1,621
Other operating income 599 635
Total noninterest income 8,813 6,321
Noninterest expense:    
Salaries and employee benefits 22,986 19,066
Equipment and occupancy 3,557 3,435
Third party processing and other services 7,166 7,284
Professional services 1,464 1,654
FDIC and other regulatory assessments 3,905 1,517
Other real estate owned 30 6
Other operating expense 7,195 6,702
Total noninterest expense 46,303 39,664
Income before income taxes 60,637 70,761
Provision for income taxes 10,611 12,790
Net income 50,026 57,971
Dividends on preferred stock 0 0
Net income available to common stockholders $ 50,026 $ 57,971
Basic earnings per common share (in dollars per share) $ 0.92 $ 1.07
Diluted earnings per common share (in dollars per share) $ 0.92 $ 1.06
Deposit Account [Member]    
Noninterest income    
Noninterest income $ 2,150 $ 1,934
Mortgage Banking [Member]    
Noninterest income    
Noninterest income 678 442
Credit Card [Member]    
Noninterest income    
Noninterest income $ 2,155 $ 1,689