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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 121,589 $ 145,342
Short-term investments 884,973 540,013
Total cash and cash equivalents 1,006,562 685,355
Trading securities, at fair value 6,584 6,708
Equity securities, at fair value 13,072 12,856
Securities available for sale, at fair value 1,407,271 1,423,200
Securities held to maturity (fair values of $507,091 and $507,464) 574,606 583,453
Federal Home Loan Bank stock 44,245 7,219
Total securities 2,045,778 2,033,436
Less: Allowance for credit losses on held to maturity securities (71) (91)
Net securities 2,045,707 2,033,345
Loans held for sale 1,906 4,311
Total loans 8,681,967 8,335,309
Less: Allowance for credit losses on loans (97,991) (96,270)
Net loans 8,583,976 8,239,039
Premises and equipment, net 78,710 85,217
Other intangible assets 23,279 24,483
Cash surrender value of bank-owned life insurance policies 239,896 238,919
Other assets 331,720 348,935
Total assets 12,319,976 11,662,864
Liabilities    
Demand deposits 2,650,937 2,852,127
NOW and other deposits 959,417 1,054,596
Money market deposits 3,274,630 3,723,570
Savings deposits 1,069,915 1,063,269
Time deposits 2,112,646 1,633,707
Total deposits 10,067,545 10,327,269
Short-term debt 900,000 0
Long-term Federal Home Loan Bank advances and other 4,395 4,445
Subordinated borrowings 121,176 121,064
Total borrowings 1,025,571 125,509
Other liabilities 231,380 256,024
Total liabilities 11,324,496 10,708,802
Shareholders’ equity    
Common stock ($0.01 par value; 100,000,000 shares authorized and 51,903,190 shares issued and 44,411,346 shares outstanding in 2023; 51,903,190 shares issued and 44,361,222 shares outstanding in 2022) 528 528
Additional paid-in capital - common stock 1,424,563 1,424,183
Unearned compensation (10,920) (8,598)
Retained (deficit) (51,398) (71,428)
Accumulated other comprehensive (loss) (159,066) (181,052)
Treasury stock, at cost (7,491,844 shares in 2023 and 7,541,968 shares in 2022) (208,227) (209,571)
Total shareholders’ equity 995,480 954,062
Total liabilities and shareholders’ equity 12,319,976 11,662,864
Disposal Group, Held-for-sale, Not Discontinued Operations    
Assets    
Assets held for sale $ 8,220 $ 3,260