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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Cash and cash equivalents:    
Cash and due from banks $ 131,381 $ 134,680
Interest-bearing deposits 153,888 584,901
Total cash and cash equivalents 285,269 719,581
Debt securities available for sale 1,829,896 2,087,571
Debt securities held to maturity 851,261 872,628
Equity securities 9,618 9,812
Loans held for sale 11,286 2,379
Portfolio loans (net of ACL of $85,226 at June 30, 2024, and $91,740 at December 31, 2023) 7,913,686 7,559,294
Premises and equipment, net 121,647 122,594
Right of use assets 11,137 11,027
Goodwill 333,281 317,873
Other intangible assets, net 37,299 35,991
Cash surrender value of bank owned life insurance 184,107 182,975
Other assets 382,929 361,690
Total assets 11,971,416 12,283,415
Deposits:    
Noninterest-bearing 2,832,776 2,834,655
Interest-bearing 7,143,359 7,456,501
Total deposits 9,976,135 10,291,156
Securities sold under agreements to repurchase 140,283 187,396
Short-term borrowings 0 12,000
Long-term debt 0 18,000
Subordinated notes, net of unamortized issuance costs 227,245 222,882
Junior subordinated debt owed to unconsolidated trusts 74,693 71,993
Lease liabilities 11,469 11,308
Other liabilities 207,781 196,699
Total liabilities 10,637,606 11,011,434
Outstanding commitments and contingent liabilities (see Notes 4 and 10)
Stockholders’ equity    
Common stock, ($.001 par value; 100,000,000 shares authorized) 60 58
Additional paid-in capital 1,360,430 1,323,595
Retained earnings 261,820 237,197
AOCI (220,326) (218,803)
Total stockholders’ equity before treasury stock 1,401,984 1,342,047
Treasury stock at cost (68,174) (70,066)
Total stockholders’ equity 1,333,810 1,271,981
Total liabilities and stockholders’ equity $ 11,971,416 $ 12,283,415
Shares    
Common shares issued (in shares) 59,546,273 58,116,969
Less: Treasury shares (in shares) (2,799,336) (2,872,850)
Common shares outstanding (in shares) 56,746,937 55,244,119