XML 29 R3.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 45,210 $ 58,025
Interest earning deposits 3,801,136 397,781
Cash and cash equivalents 3,846,346 455,806
Investment securities, at fair value (includes allowance for credit losses of $3,952 and $578, respectively) 2,405,640 2,987,500
Investment securities held to maturity 1,103,170 840,259
Loans held for sale (includes $189,277 and $322, respectively, at fair value) 340,317 328,312
Loans receivable, mortgage warehouse, at fair value 897,912 1,323,312
Loans receivable, PPP 74,735 998,153
Loans and leases receivable 11,889,120 13,144,894
Allowance for credit losses on loans and leases (135,311) (130,924)
Total loans and leases receivable, net of allowance for credit losses on loans and leases 12,726,456 15,335,435
FHLB, Federal Reserve Bank, and other restricted stock 109,548 74,196
Accrued interest receivable 114,766 123,374
Bank premises and equipment, net 7,371 9,025
Bank-owned life insurance 292,193 338,441
Goodwill and other intangibles 3,629 3,629
Other assets 366,829 400,135
Total assets 21,316,265 20,896,112
Deposits:    
Demand, non-interest bearing 4,422,494 1,885,045
Interest bearing 13,497,742 16,271,908
Total deposits 17,920,236 18,156,953
FHLB advances 1,203,207 800,000
Other borrowings 123,840 123,580
Subordinated debt 182,230 181,952
Accrued interest payable and other liabilities 248,358 230,666
Total liabilities 19,677,871 19,493,151
Commitments and contingencies (NOTE 22)
Shareholders’ equity:    
Preferred stock, par value $1.00 per share; liquidation preference $25.00 per share; 100,000,000 shares authorized; 5,700,000 shares issued and outstanding as of December 31, 2023 and 2022 137,794 137,794
Common stock, par value $1.00 per share; 200,000,000 shares authorized; 35,459,342 and 35,012,250 shares issued as of December 31, 2023 and 2022; 31,440,906 and 32,373,697 shares outstanding as of December 31, 2023 and 2022 35,459 35,012
Additional paid in capital 564,538 551,721
Retained earnings 1,159,582 924,134
Accumulated other comprehensive income (loss), net (136,569) (163,096)
Treasury stock, at cost (4,018,436 and 2,638,553 shares as of December 31, 2023 and 2022) (122,410) (82,604)
Total shareholders’ equity 1,638,394 1,402,961
Total liabilities and shareholders’ equity $ 21,316,265 $ 20,896,112