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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Cash and cash equivalents:    
Cash and due from banks $ 149,845 $ 134,680
Interest-bearing deposits 403,864 584,901
Total cash and cash equivalents 553,709 719,581
Debt securities available for sale 1,818,117 2,087,571
Debt securities held to maturity 838,883 872,628
Equity securities 10,315 9,812
Loans held for sale 11,523 2,379
Portfolio loans (net of ACL of $84,981 at September 30, 2024, and $91,740 at December 31, 2023) 7,724,116 7,559,294
Premises and equipment, net 120,279 122,594
Right of use assets 11,100 11,027
Goodwill 333,498 317,873
Other intangible assets, net 34,751 35,991
Cash surrender value of bank owned life insurance 184,007 182,975
Other assets 346,541 361,690
Total assets 11,986,839 12,283,415
Deposits:    
Noninterest-bearing 2,683,543 2,834,655
Interest-bearing 7,259,698 7,456,501
Total deposits 9,943,241 10,291,156
Securities sold under agreements to repurchase 128,429 187,396
Short-term borrowings 0 12,000
Long-term debt 0 18,000
Subordinated notes, net of unamortized issuance costs 227,482 222,882
Junior subordinated debt owed to unconsolidated trusts 74,754 71,993
Lease liabilities 11,470 11,308
Other liabilities 198,579 196,699
Total liabilities 10,583,955 11,011,434
Outstanding commitments and contingent liabilities (see Notes 5 and 11)
Stockholders’ equity    
Common stock, ($.001 par value; 100,000,000 shares authorized) 60 58
Additional paid-in capital 1,358,816 1,323,595
Retained earnings 279,868 237,197
AOCI (170,913) (218,803)
Total stockholders’ equity before treasury stock 1,467,831 1,342,047
Treasury stock at cost (64,947) (70,066)
Total stockholders’ equity 1,402,884 1,271,981
Total liabilities and stockholders’ equity $ 11,986,839 $ 12,283,415
Shares    
Common shares issued (in shares) 59,546,273 58,116,969
Less: Treasury shares (in shares) (2,674,032) (2,872,850)
Common shares outstanding (in shares) 56,872,241 55,244,119