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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks, including interest bearing amounts of $242,229 and $1,094,312, respectively $ 408,411 $ 1,251,358
Securities:    
Equity securities, at fair value 11,506 13,466
Available-for-sale debt securities, at fair value 2,529,140 3,013,462
Held-to-maturity debt securities (fair values of $1,084,390 and $1,028,452, respectively) 1,248,629 1,004,823
Allowance for credit losses, held-to-maturity debt securities (220) (268)
Net held-to-maturity debt securities 1,248,409 1,004,555
Total securities 3,789,055 4,031,483
Loans held for sale 8,249 25,277
Portfolio loans, net of unearned income 10,702,728 9,733,478
Allowance for credit losses - loans (117,790) (121,622)
Net portfolio loans 10,584,938 9,611,856
Premises and equipment, net 220,892 229,016
Accrued interest receivable 68,522 60,844
Goodwill and other intangible assets, net 1,141,355 1,151,634
Bank-owned life insurance 352,361 350,359
Other assets 358,122 215,298
Total Assets 16,931,905 16,927,125
Deposits:    
Non-interest bearing demand 4,700,438 4,590,895
Interest bearing demand 3,119,807 3,380,056
Money market 1,684,023 1,739,750
Savings deposits 2,741,004 2,562,510
Certificates of deposit 885,818 1,292,652
Total deposits 13,131,090 13,565,863
Federal Home Loan Bank borrowings 705,000 183,920
Other short-term borrowings 135,069 141,893
Subordinated debt and junior subordinated debt 281,404 132,860
Total borrowings 1,121,473 458,673
Accrued interest payable 4,593 1,901
Other liabilities 248,087 207,522
Total Liabilities 14,505,243 14,233,959
SHAREHOLDERS’ EQUITY    
Preferred stock, no par value; 1,000,000 shares authorized; 150,000 shares 6.75% non-cumulative perpetual preferred stock, Series A, liquidation preference $150,000,000, issued and outstanding at December 31, 2022 and December 31, 2021, respectively 144,484 144,484
Common stock, $2.0833 par value; 100,000,000 shares authorized; 68,081,306 shares issued; 59,198,963 and 62,307,245 shares outstanding at December 31, 2022 and December 31, 2021, respectively 141,834 141,834
Capital surplus 1,635,877 1,635,642
Retained earnings 1,077,675 977,765
Treasury stock (8,882,343 and 5,774,061 shares at cost, respectively) (308,964) (199,759)
Accumulated other comprehensive loss (262,416) (5,120)
Deferred benefits for directors (1,828) (1,680)
Total Shareholders’ Equity 2,426,662 2,693,166
Total Liabilities and Shareholders’ Equity $ 16,931,905 $ 16,927,125