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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 105,447 $ 100,972
Short-term investments 474,382 82,217
Total cash and cash equivalents 579,829 183,189
Trading security 10,769 11,212
Marketable equity securities, at fair value 41,556 56,638
Securities available for sale, at fair value 1,311,555 1,399,647
Securities held to maturity (fair values of $373,277 in 2019 and $371,224 in 2018) 357,979 373,763
Federal Home Loan Bank stock and other restricted securities 48,019 77,344
Total securities 1,769,878 1,918,604
Loans held for sale 36,664 2,183
Total loans 9,502,428 9,043,253
Less: Allowance for loan losses (63,575) (61,469)
Net loans 9,438,853 8,981,784
Premises and equipment, net 121,471 108,367
Goodwill 553,762 518,325
Other intangible assets 45,615 33,418
Cash surrender value of bank-owned life insurance 227,894 190,609
Deferred tax assets, net 51,165 42,434
Other assets 261,602 142,538
Assets from discontinued operations 154,132 114,259
Total assets 13,215,970 12,212,231
Liabilities    
Demand deposits 1,884,100 1,603,019
NOW and other deposits 1,492,569 1,122,321
Money market deposits 2,528,656 2,245,195
Savings deposits 841,283 724,129
Time deposits 3,589,369 3,287,717
Total deposits 10,335,977 8,982,381
Short-term debt 125,000 1,118,832
Long-term Federal Home Loan Bank advances 605,501 309,466
Subordinated notes 97,049 89,518
Total borrowings 827,550 1,517,816
Other liabilities 293,879 159,116
Total liabilities 11,457,406 10,659,313
Shareholders’ equity    
Preferred Stock (Series B non-voting convertible preferred stock - $0.01 par value; 2,000,000 shares authorized, 521,607 shares issued and outstanding in 2019; 2,000,000 shares authorized, 521,607 shares issued and outstanding in 2018) 40,633 40,633
Common stock ($.01 par value; 100,000,000 shares authorized and 51,903,190 shares issued and 49,585,143 shares outstanding in 2019; 100,000,000 shares authorized; 46,211,894 shares issued, and 45,416,855 shares outstanding in 2018) 517 460
Additional paid-in capital - common stock 1,422,441 1,245,013
Unearned compensation (8,465) (6,594)
Retained earnings 361,082 308,839
Accumulated other comprehensive income/(loss) 11,993 (13,470)
Treasury stock, at cost (2,318,047 shares in 2019 and 795,039 shares in 2018) (69,637) (21,963)
Total shareholders’ equity 1,758,564 1,552,918
Total liabilities and shareholders’ equity 13,215,970 12,212,231
Commercial real estate loans    
Assets    
Total loans 4,034,269 3,400,221
Commercial and industrial    
Assets    
Total loans 1,840,508 1,980,046
Residential mortgages    
Assets    
Total loans 2,685,472 2,566,424
Consumer loans    
Assets    
Total loans 942,179 1,096,562
Continuing Operations    
Assets    
Premises and equipment, net 120,398 106,500
Other assets 237,780 120,926
Liabilities    
Other liabilities 267,398 149,519
Discontinued Operations    
Assets    
Premises and equipment, net 1,073 1,867
Other assets 23,822 21,612
Liabilities    
Other liabilities $ 26,481 $ 9,597