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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Cash and cash equivalents:    
Cash and due from banks $ 141,984 $ 117,513
Interest-bearing deposits 90,719 109,651
Total cash and cash equivalents 232,703 227,164
Debt securities available for sale 2,283,848 2,461,393
Debt securities held to maturity 894,102 918,312
Equity securities 9,034 11,535
Loans held for sale 1,545 1,253
Portfolio loans (net of ACL of $91,639 at June 30, 2023, and $91,608 at December 31, 2022) 7,713,645 7,634,094
Premises and equipment, net 122,669 126,524
Right of use assets 11,806 12,829
Goodwill 317,873 317,873
Other intangible assets, net 41,025 46,423
Cash surrender value of bank owned life insurance 180,950 180,485
Other assets 399,829 398,792
Total assets 12,209,029 12,336,677
Deposits:    
Noninterest-bearing 3,086,885 3,393,666
Interest-bearing 6,975,870 6,677,614
Total deposits 10,062,755 10,071,280
Securities sold under agreements to repurchase 202,953 229,806
Short-term borrowings 212,000 351,054
Long-term debt 24,000 30,000
Subordinated notes, net of unamortized issuance costs 222,454 222,038
Junior subordinated debt owed to unconsolidated trusts 71,900 71,810
Lease liabilities 12,059 12,995
Other liabilities 198,960 201,717
Total liabilities 11,007,081 11,190,700
Outstanding commitments and contingent liabilities (see Notes 4 and 9)
Stockholders’ equity    
Common stock, ($.001 par value; 100,000,000 shares authorized) 58 58
Additional paid-in capital 1,325,173 1,320,980
Retained earnings 207,660 168,769
AOCI (260,921) (273,278)
Total stockholders’ equity before treasury stock 1,271,970 1,216,529
Treasury stock at cost (70,022) (70,552)
Total stockholders’ equity 1,201,948 1,145,977
Total liabilities and stockholders’ equity $ 12,209,029 $ 12,336,677
Shares    
Common shares issued (in shares) 58,116,969 58,116,970
Less: Treasury shares (in shares) (2,826,122) (2,837,846)
Common shares outstanding (in shares) 55,290,847 55,279,124