XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.1
UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Cash and cash equivalents:    
Cash and due from banks $ 703,493 $ 584,467
Money market investments 7,107 6,670
Total cash and cash equivalents 710,600 591,137
Investments:    
Trading securities, at fair value, with amortized cost of $163 (December 31, 2024 - $163) 19 18
Investment securities available-for-sale, at fair value, with amortized cost of $2,483,154 (December 31, 2024 - $2,444,135); no allowance for credit losses 2,415,337 2,338,205
Investment securities held-to-maturity, at amortized cost, with fair value of $267,976 (December 31, 2024 - $267,174); no allowance for credit losses 321,824 327,158
Equity securities 48,785 54,896
Total investments 2,785,965 2,720,277
Loans:    
Loans held-for-sale, at lower of cost or fair value 16,801 17,732
Loans held-for-investment, net of allowance for credit losses of $181,174 (December 31, 2024 - $175,863) 7,671,470 7,616,099
Total loans 7,688,271 7,633,831
Other assets:    
Foreclosed real estate 4,271 4,002
Accrued interest receivable 70,029 71,667
Deferred tax assets, net 6,299 6,248
Premises and equipment, net 103,577 104,512
Customers' liability on acceptances 35,269 31,526
Servicing assets 69,238 70,435
Goodwill 84,241 84,241
Other intangible assets 13,550 14,782
Operating lease right-of-use assets 18,663 19,197
Other assets 139,284 148,879
Total assets 11,729,257 11,500,734
Deposits:    
Demand deposits 5,841,418 5,627,406
Savings accounts 2,107,622 2,064,916
Time deposits 1,973,929 1,912,464
Total deposits 9,922,969 9,604,786
Borrowings:    
Securities sold under agreements to repurchase 0 75,222
Advances from the FHLB 255,642 325,952
Total borrowings 255,642 401,174
Other liabilities:    
Acceptances executed and outstanding 35,269 31,526
Operating lease liabilities 20,795 21,388
Deferred tax liabilities, net 44,223 40,718
Accrued expenses and other liabilities 154,998 146,771
Total liabilities 10,433,896 10,246,363
Commitments and contingencies (See Note 19)
Stockholders’ equity:    
Common stock, $1 par value; 100,000,000 shares authorized; 59,885,234 shares issued: 44,924,346 shares outstanding (December 31, 2024 - 59,885,234 shares issued; 45,440,269 shares outstanding) 59,885 59,885
Additional paid-in capital 638,475 639,786
Legal surplus 173,905 169,537
Retained earnings 802,024 771,993
Treasury stock, at cost, 14,960,888 shares (December 31, 2024 - 14,444,965 shares) (320,927) (296,991)
Accumulated other comprehensive loss, net of tax of $9,816 (December 31, 2024 - $16,091) (58,001) (89,839)
Total stockholders’ equity 1,295,361 1,254,371
Total liabilities and stockholders’ equity $ 11,729,257 $ 11,500,734