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Business Combinations and Asset Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed |
| Happy Bancshares, Inc.
| Acquired from Happy |  | Fair Value Adjustments |  | As Recorded by HBI
| (Dollars in thousands)
Assets |  |  |  |  |
Cash and due from banks | $ | 112,999 |  |  | $ | (446) |  |  | $ | 112,553 |
Interest-bearing deposits with other banks | 746,031 |  |  | — |  |  | 746,031 |
Cash and cash equivalents | 859,030 |  |  | (446) |  |  | 858,584 |
Investment securities - available-for-sale, net of allowance for credit losses | 1,773,540 |  |  | 8,485 |  |  | 1,782,025 |
Total investment securities | 1,773,540 |  |  | 8,485 |  |  | 1,782,025 |
Loans receivable | 3,657,009 |  |  | (4,389) |  |  | 3,652,620 |
Allowance for credit losses | (42,224) |  |  | 25,408 |  |  | (16,816) |
Loans receivable, net | 3,614,785 |  |  | 21,019 |  |  | 3,635,804 |
Bank premises and equipment, net | 153,642 |  |  | (12,270) |  |  | 141,372 |
Foreclosed assets held for sale | 193 |  |  | (77) |  |  | 116 |
Cash value of life insurance | 105,049 |  |  | 3 |  |  | 105,052 |
Accrued interest receivable | 31,575 |  |  | — |  |  | 31,575 |
Deferred tax asset, net | 32,908 |  |  | (1,092) |  |  | 31,816 |
Goodwill | 130,428 |  |  | (130,428) |  |  | — |
Core deposit intangible | 10,672 |  |  | 31,591 |  |  | 42,263 |
Other assets | 43,330 |  |  | 15,567 |  |  | 58,897 |
Total assets acquired | $ | 6,755,152 |  |  | $ | (67,648) |  |  | $ | 6,687,504 |
Liabilities |  |  |  |  |
Deposits |  |  |  |  |
Demand and non-interest-bearing | $ | 1,932,756 |  |  | $ | 67 |  |  | $ | 1,932,823 |
Savings and interest-bearing transaction accounts | 3,519,652 |  |  | — |  |  | 3,519,652 |
Time deposits | 401,899 |  |  | 903 |  |  | 402,802 |
Total deposits | 5,854,307 |  |  | 970 |  |  | 5,855,277 |
FHLB and other borrowed funds | 74,212 |  |  | 4,118 |  |  | 78,330 |
Accrued interest payable and other liabilities | 50,889 |  |  | (1,892) |  |  | 48,997 |
Subordinated debentures | 159,965 |  |  | 7,625 |  |  | 167,590 |
Total liabilities assumed | 6,139,373 |  |  | 10,821 |  |  | 6,150,194 |
Equity |  |  |  |  |
Total equity assumed | 615,779 |  |  | (615,779) |  |  | — |
Total liabilities and equity assumed | $ | 6,755,152 |  |  | $ | (604,958) |  |  | $ | 6,150,194 |
Net assets acquired |  |  |  |  | 537,310 |
Purchase price |  |  |  |  | 962,538 |
Goodwill |  |  |  |  | $ | 425,228 |
Business Acquisition, Pro Forma Information | The following schedule represents the unaudited pro forma combined financial information as of the years ended December 31, 2022 and 2021, assuming the acquisition was completed as of January 1, 2022 and 2021, respectively:
| December 31,
| 2022 |  | 2021
| (In thousands, except per share data)
Total interest income | $ | 935,168 |  |  | $ | 839,407 |
Total non-interest income | 188,012 |  |  | 190,550 |
Net income available to all shareholders | 406,949 |  |  | 317,190 |
Basic earnings per common share | $ | 1.98 |  |  | $ | 1.53 |
Diluted earnings per common share | 1.98 |  |  | 1.53 |
Purchased Financial Assets with Credit Deterioration | The following table provides a summary of loans purchased as part of the Happy acquisition with credit deterioration at acquisition:
| April 1, 2022
| (In thousands)
Purchased Loans with Credit Deterioration: |
Par value | $ | 165,028 |
Allowance for credit losses at acquisition | (16,816) |
Premium on acquired loans | 684 |
Purchase price | $ | 148,896 |

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