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CONSOLIDATED STATEMENTS OF CONDITION (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets:    
Cash and cash equivalents $ 455,807 $ 209,896
Available-for-sale investment securities includes pledged securities that can be sold or repledged of $542,828 and $466,902, respectively (cost of $3,314,815 and $4,675,474, respectively) 2,767,636 4,151,851
Held-to-maturity securities (fair value of $990,660 and $1,034,795, respectively) 1,125,540 1,079,695
Equity and other securities (cost of $66,006 and $82,424, respectively) 66,825 83,342
Loans 9,450,066 8,809,394
Allowance for credit losses (64,945) (61,059)
Loans, net of allowance for credit losses 9,385,121 8,748,335
Goodwill 845,396 841,841
Core deposit intangibles, net 9,087 12,304
Other intangibles, net 46,851 48,692
Goodwill and intangible assets, net 901,334 902,837
Premises and equipment, net 174,749 160,778
Accrued interest and fees receivable 46,933 52,613
Other assets 462,377 446,304
Total assets 15,386,322 15,835,651
Liabilities:    
Noninterest-bearing deposits 3,780,519 4,140,617
Interest-bearing deposits 9,250,269 8,871,691
Total deposits 13,030,788 13,012,308
Overnight borrowings 0 768,400
Securities sold under agreement to repurchase, short-term 330,252 346,652
Other Federal Home Loan Bank borrowings 316,837 19,474
Subordinated notes payable 0 3,249
Accrued interest and other liabilities 153,506 133,863
Total liabilities 13,831,383 14,283,946
Commitments and contingencies (See Note J)
Shareholders' equity:    
Preferred stock, $1.00 par value, 500,000 shares authorized, 0 shares issued 0 0
Common stock, $1.00 par value, 75,000,000 shares authorized; 54,363,812 and 54,190,201 shares issued, respectively 54,364 54,190
Additional paid-in capital 1,057,433 1,050,231
Retained earnings 1,179,196 1,152,452
Accumulated other comprehensive loss (691,693) (686,439)
Treasury stock, at cost (936,823 shares, including 119,308 shares held by deferred compensation arrangements at September 30, 2023, and 452,952 shares including 135,437 shares held by deferred compensation arrangements at December 31, 2022) (51,198) (26,485)
Deferred compensation arrangements (119,308 and 135,437 shares, respectively) 6,837 7,756
Total shareholders' equity 1,554,939 1,551,705
Total liabilities and shareholders' equity $ 15,386,322 $ 15,835,651