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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 134,056 $ 148,148
Short-term investments 435,911 1,055,096
Total cash and cash equivalents 569,967 1,203,244
Trading securities, at fair value 5,560 6,142
Equity securities, at fair value 13,278 13,029
Securities available for sale, at fair value 661,740 1,022,285
Securities held to maturity (fair values of $451,194 and $476,228) 512,277 543,351
Federal Home Loan Bank stock 30,685 22,689
Total securities 1,223,540 1,607,496
Less: Allowance for credit losses on securities held to maturity (65) (68)
Net securities 1,223,475 1,607,428
Loans held for sale 50,634 2,237
Total loans 9,212,322 9,039,686
Less: Allowance for credit losses on loans (112,047) (105,357)
Net loans 9,100,275 8,934,329
Premises and equipment, net 54,667 68,915
Intangible assets 16,192 19,664
Cash surrender value of bank-owned life insurance policies 245,210 242,309
Other assets 337,212 341,757
Total assets 11,604,562 12,430,821
Liabilities    
Demand deposits 2,267,595 2,469,164
NOW and other deposits 748,737 858,644
Money market deposits 3,042,712 3,565,516
Savings deposits 998,549 1,053,810
Time deposits 2,519,896 2,686,250
Total deposits 9,577,489 10,633,384
Short-term debt 353,500 260,000
Long-term Federal Home Loan Bank advances and other 232,042 125,223
Subordinated borrowings 121,549 121,363
Total borrowings 707,091 506,586
Other liabilities 249,531 278,630
Total liabilities 10,534,111 11,418,600
Shareholders’ equity    
Common stock ($0.01 par value; 100,000,000 shares authorized and 51,903,190 shares issued and 42,981,618 shares outstanding in 2024; 51,903,190 shares issued and 43,500,872 shares outstanding in 2023) 528 528
Additional paid-in capital - common stock 1,421,218 1,423,273
Unearned compensation (12,399) (10,109)
Retained (deficit) (14,976) (33,136)
Accumulated other comprehensive (loss) (89,257) (143,016)
Treasury stock, at cost (8,921,572 shares in 2024 and 8,402,318 shares in 2023) (234,663) (225,319)
Total shareholders’ equity 1,070,451 1,012,221
Total liabilities and shareholders’ equity 11,604,562 12,430,821
Held For Sale    
Assets    
Assets held for sale $ 6,930 $ 10,938