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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
INTEREST INCOME:    
Loans, including fees $ 118,907 $ 92,609
Taxable investment securities 4,452 4,603
Federal Home Loan Bank stock and other 7,273 3,144
Total interest income 130,632 100,356 CloseClose
INTEREST EXPENSE:    
Deposits 26,996 4,878
Securities sold under agreements to repurchase and other short-term borrowings 130 248
Federal Home Loan Bank advances 6,587 2,588
Total interest expense 33,713 7,714 Close
NET INTEREST INCOME 96,919 92,642 Close
Provision for expected credit loss expense for on-balance sheet exposures (loans and investment securities) 30,622 26,766 CloseCloseCloseClose
NET INTEREST INCOME AFTER PROVISION 66,297 65,876 CloseCloseCloseClose
NONINTEREST INCOME:     CloseCloseCloseClose
Mortgage banking income 310 800 CloseCloseCloseClose
Program fees 4,179 3,241 CloseCloseCloseClose
Increase in cash surrender value of bank owned life insurance 754 635 CloseCloseCloseClose
Total noninterest income 23,373 22,681 CloseCloseCloseCloseClose
NONINTEREST EXPENSE:     CloseCloseCloseClose
Salaries and employee benefits 29,716 29,961 CloseCloseCloseClose
Technology, equipment, and communication 7,490 7,228 CloseCloseCloseClose
Occupancy 3,822 3,406 CloseCloseCloseClose
Marketing and development 1,924 1,574 CloseCloseCloseClose
FDIC insurance expense 772 637 CloseCloseCloseClose
Interchange related expense 1,298 1,499 CloseCloseCloseClose
Legal and professional fees 1,055 1,061 CloseCloseCloseClose
Merger expense 41 2,073 CloseCloseCloseClose
Other 4,853 5,004 CloseCloseCloseClose
Total noninterest expense 50,971 52,443 CloseCloseCloseCloseCloseCloseClose
Total Other Income Expenses 166233.0 171353.0 0.0 0.0 0.0 Close Close
Total Other Income Expenses 94883.0 93133.0 0.0 0.0 0.0 Close CloseClose
Total Other Income Expenses 33639.0 39601.0 0.0 0.0 0.0 Close CloseClose
Total Other Income Expenses 227477.0 224885.0 0.0 0.0 0 Close Close
INCOME BEFORE INCOME TAX EXPENSE 38,699 36,114 CloseCloseClose
Total NonInterest Income Expenses -27598.0 -29762.0 0.0 0 0 Close
INCOME TAX EXPENSE 8,093 8,022 Close
NET INCOME 30,606 28,092 Close
Service charges on deposit accounts    
NONINTEREST INCOME:    
Revenue under 606 3,313 3,299
Net refund transfer fees    
NONINTEREST INCOME:    
Revenue under 606 10,820 10,807
Interchange fee income    
NONINTEREST INCOME:    
Revenue under 606 3,157 3,051
Net losses on other real estate owned    
NONINTEREST INCOME:    
Revenue under 606 (53) (53)
Other    
NONINTEREST INCOME:    
Revenue under 606 $ 893 $ 901
Class A Common Stock    
BASIC EARNINGS PER SHARE:    
Basic earnings per share (in dollars per share) $ 1.59 $ 1.42
DILUTED EARNINGS PER SHARE:    
Diluted earnings per share (in dollars per share) 1.58 1.42
Class B Common Stock    
BASIC EARNINGS PER SHARE:    
Basic earnings per share (in dollars per share) 1.44 1.30
DILUTED EARNINGS PER SHARE:    
Diluted earnings per share (in dollars per share) $ 1.43 $ 1.29