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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Cash and cash equivalents:    
Cash and due from banks $ 546,146 $ 2,014,523
Money market investments 4,161 8,952
Total cash and cash equivalents 550,307 2,023,475
Restricted cash 157 175
Investments:    
Trading securities, at fair value, with amortized cost of $162 (December 31, 2021 - $162) 9 20
Investment securities available-for-sale, at fair value, with amortized cost of $1,522,812 (December 31, 2021 - $503,421); no allowance for credit losses 1,412,776 510,713
Investment securities held-to-maturity, at amortized cost, with fair value of $469,186 (December 31, 2021 - $363,653); no allowance for credit losses 535,070 367,507
Equity securities 23,667 17,578
Total investments 1,971,522 895,818
Loans:    
Loans held-for-sale, at lower of cost or fair value 40,587 82,662
Loans held for investment, net of allowance for credit losses of $152,673 (December 31, 2021 - $155,937) 6,682,649 6,246,649
Total loans 6,723,236 6,329,311
Other assets:    
Foreclosed real estate 11,214 15,039
Accrued interest receivable 62,402 56,560
Deferred tax asset, net 55,485 99,063
Premises and equipment, net 106,820 92,124
Customers' liability on acceptances 28,607 35,329
Servicing assets 50,921 48,973
Goodwill 84,241 86,069
Other intangible assets 27,593 36,093
Operating lease right-of-use assets 25,363 28,846
Other assets 120,912 152,845
Total assets 9,818,780 9,899,720
Deposits:    
Demand deposits 5,176,758 5,204,340
Savings accounts 2,227,965 2,177,780
Time deposits 1,163,641 1,220,998
Total deposits 8,568,364 8,603,118
Borrowings:    
Advances from Federal Home Loan Bank 26,716 28,488
Subordinated capital notes 0 36,083
Other borrowings 318 0
Total borrowings 27,034 64,571
Other liabilities:    
Derivative liabilities 0 804
Acceptances executed and outstanding 28,607 35,329
Operating lease liabilities 27,370 30,498
Accrued expenses and other liabilities 124,999 96,240
Total liabilities 8,776,374 8,830,560
Commitments and contingencies (See Note 25)
Stockholders’ equity:    
Common stock, $1 par value; 100,000,000 shares authorized; 59,885,234 shares issued: 47,581,375 shares outstanding (December 31, 2021 - 59,885,234 shares issued; 49,636,352 shares outstanding) 59,885 59,885
Additional paid-in capital 636,793 637,061
Legal surplus 133,901 117,677
Retained earnings 516,371 399,949
Treasury stock, at cost, 12,303,859 shares (December 31, 2021 - 10,248,882 shares) (211,135) (150,572)
Accumulated other comprehensive (loss) income, net of tax of $16,221 (December 31, 2021 - $1,328) (93,409) 5,160
Total stockholders’ equity 1,042,406 1,069,160
Total liabilities and stockholders’ equity $ 9,818,780 $ 9,899,720