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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Cash and cash equivalents:    
Cash and due from banks $ 93,091 $ 134,680
Interest-bearing deposits 497,980 584,901
Total cash and cash equivalents 591,071 719,581
Debt securities available for sale 1,898,072 2,087,571
Debt securities held to maturity 862,218 872,628
Equity securities 9,790 9,812
Loans held for sale 6,827 2,379
Portfolio loans (net of ACL of $91,562 at March 31, 2024, and $91,740 at December 31, 2023) 7,496,515 7,559,294
Premises and equipment, net 121,506 122,594
Right of use assets 10,590 11,027
Goodwill 317,873 317,873
Other intangible assets, net 33,582 35,991
Cash surrender value of bank owned life insurance 182,105 182,975
Other assets 357,309 361,690
Total assets 11,887,458 12,283,415
Deposits:    
Noninterest-bearing 2,784,338 2,834,655
Interest-bearing 7,175,853 7,456,501
Total deposits 9,960,191 10,291,156
Securities sold under agreements to repurchase 147,175 187,396
Short-term borrowings 0 12,000
Long-term debt 0 18,000
Subordinated notes, net of unamortized issuance costs 223,100 222,882
Junior subordinated debt owed to unconsolidated trusts 72,040 71,993
Lease liabilities 10,896 11,308
Other liabilities 191,405 196,699
Total liabilities 10,604,807 11,011,434
Outstanding commitments and contingent liabilities (see Notes 4 and 10)
Stockholders’ equity    
Common stock, ($.001 par value; 100,000,000 shares authorized) 58 58
Additional paid-in capital 1,324,999 1,323,595
Retained earnings 248,412 237,197
AOCI (222,190) (218,803)
Total stockholders’ equity before treasury stock 1,351,279 1,342,047
Treasury stock at cost (68,628) (70,066)
Total stockholders’ equity 1,282,651 1,271,981
Total liabilities and stockholders’ equity $ 11,887,458 $ 12,283,415
Shares    
Common shares issued (in shares) 58,116,969 58,116,969
Less: Treasury shares (in shares) (2,816,961) (2,872,850)
Common shares outstanding (in shares) 55,300,008 55,244,119