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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks, noninterest-bearing $ 102,691 $ 101,133
Due from banks, interest-bearing 610,691 169,185
Total cash and cash equivalents 713,382 270,318
Securities available for sale 2,290,265 2,314,493
Securities held to maturity (fair values of $448,904 and $432,528) 539,795 541,700
Presold mortgages in process of settlement at fair value 2,951 1,282
SBA loans held for sale 2,933 0
Loans 7,798,963 6,665,145
Allowance for credit losses on loans (106,396) (90,967)
Net loans 7,692,567 6,574,178
Premises and equipment 152,790 134,187
Operating right-of-use lease assets 18,898 18,733
Accrued interest receivable 31,740 29,710
Goodwill 478,750 364,263
Other intangible assets 39,262 12,675
Foreclosed properties 789 658
Bank-owned life insurance 180,730 164,592
Other assets 218,297 198,260
Total assets 12,363,149 10,625,049
LIABILITIES    
Noninterest-bearing checking accounts 3,763,637 3,566,003
Interest-bearing deposits 6,608,961 5,661,526
Total deposits 10,372,598 9,227,529
Borrowings 606,481 287,507
Accrued interest payable 6,992 2,738
Operating lease liabilities 19,638 19,391
Other liabilities 57,479 56,288
Total liabilities 11,063,188 9,593,453
Commitments and contingencies
SHAREHOLDERS’ EQUITY    
Preferred stock, no par value per share. Authorized: 5,000,000 shares, Issued & outstanding: none and none 0 0
Common stock, no par value per share. Authorized: 40,000,000 shares, Issued & outstanding: 28,489,474 and 28,579,335 shares 959,422 725,153
Retained earnings 654,573 648,418
Stock in rabbi trust assumed in acquisition (1,608) (1,585)
Rabbi trust obligation 1,608 1,585
Accumulated other comprehensive loss (314,034) (341,975)
Total shareholders’ equity 1,299,961 1,031,596
Total liabilities and shareholders’ equity $ 12,363,149 $ 10,625,049