Income Statement

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2024 Y2023 Y2022 Y
Interest Income
Interest and fees on loans241,521212,693146,538
Interest and dividends on investment securities
Taxable54,13248,33534,445
Tax-exempt3,2813,8544,911
Interest on deposits in depository institutions7,4956,3823,794
Total Interest Income306,429271,264189,688
Interest Expense
Interest on deposits64,52937,2877,444
Interest on short-term borrowings15,50012,0272,211
Interest on FHLB long-term advances6,1632,7090
Total Interest Expense86,19252,0239,655
Net Interest Income220,237219,241180,033
Provision for credit losses1,8203,243474
Net Interest Income After Provision for Credit Losses218,417215,998179,559
Non-Interest Income
(Losses) gains on sale of investment securities, net-2,825-4,9084
Unrealized gains recognized on equity securities still held, net175432-1,585
Service charges29,22527,75128,335
Bankcard revenue28,50027,96027,349
Trust and investment management fee income11,2559,5638,798
Bank owned life insurance3,9926,0375,559
Sale of VISA sharesN/AN/A0
Other income3,0123,7943,617
Total Non-Interest Income73,33470,62972,077
Non-Interest Expense
Salaries and employee benefits76,36373,16366,536
Occupancy related expense9,61511,31810,718
Equipment and software related expense13,17311,62911,791
FDIC insurance expense2,8922,9221,673
Advertising3,8213,1123,405
Bankcard expenses8,5097,4476,032
Postage, delivery, and statement mailings2,7302,5262,362
Office supplies1,8091,9451,744
Legal and professional fees2,1622,0352,194
Telecommunications2,3122,4112,616
Repossessed asset losses, net of expenses2462859
Merger related expenses05,150268
Other expenses15,92619,83514,904
Total Non-Interest Expense147,235143,521124,302
Income Before Income Taxes144,516143,106127,334
Income tax expense27,41528,74125,263
Net Income Available to Common Shareholders117,101114,365102,071
Average shares outstanding, basic14,67614,86814,847
Effect of dilutive securities212326
Average shares outstanding, diluted14,69714,89114,873
Basic earnings per common share7.917.626.81
Diluted earnings per common share7.897.616.80
Consolidated Statements of Comprehensive Income (Loss)
Net income available to common shareholders 117,101114,365102,071
Available-for-Sale Securities
Unrealized gains (losses) on available-for-sale securities arising during the period-11,09221,442-192,359
Reclassification adjustment for net losses (gains)2,8254,908-4
Reclassification of unrealized gain on held-to-maturity securities to available-for-saleN/AN/A0
Other comprehensive income (loss) related to available-for-sale securities-8,26726,350-192,363
Other comprehensive income (loss) before income taxes-6,76727,471-192,280
Tax effect1,587-6,52246,532
Other comprehensive income (loss), net of tax-5,18020,949-145,748
Defined Benefit Pension Plan
Net gain (loss) arising during period1,128777-697
Reclassification adjustment for amortization of actuarial net gains in net periodic pension cost372344780
Change in underfunded pension liability1,5001,12183
Comprehensive Income (Loss), Net of Tax111,921135,314-43,677

Data shown on this page is for convenience only, extracted from SEC filings.
For access to the original filings, please click the headers to be taken directly to the filing at the SEC website.