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ACQUISITIONS (Tables) | 9 Months Ended
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Sep. 30, 2024
Business Combination, Description [Abstract] |
Schedule of consideration transferred and fair value of assets acquired and liabilities assumed | The following table provides a summary of the consideration transferred and the fair value of the assets acquired and liabilities assumed as of the date of the acquisition, reflecting the aforementioned measurement period and reclassification adjustments (dollars in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
Purchase price consideration |  | ​ |  | ​ | $ | 505,473
​ | ​ | ​ | ​ | ​ | ​ | ​
Fair value of assets acquired: |  | ​ |  | ​ |  |
Cash and cash equivalents | ​ | $ | 55,060 | ​ |  |
Securities AFS | ​ |  | 507,764 | ​ |  |
LHFS | ​ |  | 2,611 | ​ |  |
LHFI | ​ | ​ | 2,151,517 | ​ | ​ | ​
Premises and equipment | ​ |  | 35,802 | ​ |  |
CDI and other intangibles | ​ |  | 84,687 | ​ |  |
Bank owned life insurance | ​ | ​ | 30,627 | ​ | ​ | ​
Other assets | ​ |  | 79,967 | ​ |  |
Total assets | ​ | $ | 2,948,035 | ​ |  |
​ | ​ | ​ | ​ | ​ | ​ | ​
Fair value of liabilities assumed: | ​ |  |  | ​ |  |
Deposits | ​ | $ | 2,583,089 | ​ |  |
Short-term borrowings | ​ |  | 98,336 | ​ |  |
Long-term borrowings | ​ |  | 25,890 | ​ |  |
Other liabilities | ​ |  | 22,746 | ​ |  |
Total liabilities | ​ | $ | 2,730,061 | ​ |  |
​ | ​ | ​ | ​ | ​ | ​ | ​
Fair value of net assets acquired | ​ |  |  | ​ | $ | 217,974
Preliminary goodwill | ​ |  |  | ​ | $ | 287,499
The Company assessed the fair value based on the following methods for the significant assets acquired and liabilities assumed:
Schedule of pro forma amounts |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Pro forma | ​ | Pro forma
​ | ​ | Three Months Ended | ​ | Nine Months Ended
​ | ​ | September 30, | ​ | September 30,
​ |  | 2024 (2) |  | 2023 (3) |  | 2024 (2) |  | 2023 (3)
​ | ​ | (unaudited) | ​ | (unaudited) | ​ | (unaudited) | ​ | (unaudited)
Total revenues (1) |  | $ | 217,218 |  | $ | 214,812 |  | $ | 632,927 |  | $ | 628,065
Net income available to common shareholders (4) |  | $ | 74,533 |  | $ | 63,690 |  | $ | 180,409 |  | $ | 174,815
(1) Includes net interest income and noninterest income. (2) Includes the net impact of American National’s accretion adjustments of $5.0 million for the nine months ended September 30, 2024. There were no pro forma net accretion adjustments for the three months ended September 30, 2024. (3) Includes the net impact of American National’s accretion adjustments of $4.9 million and $14.8 million for the three and nine months ended September 30, 2023, respectively. (4) For the three and nine months ended September 30, 2024 and 2023, excludes American National merger-related costs as noted below. ​

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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