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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets:    
Cash and due from banks $ 91,377 $ 57,032
Cash at Federal Reserve and other banks 155,132 711,389
Cash and cash equivalents 246,509 768,421
Investment securities:    
Marketable equity securities 2,592 2,938
Available for sale debt securities, net of allowance for credit losses of $— 2,480,265 2,207,938
Held to maturity debt securities, net of allowance for credit losses of $— 168,038 199,759
Restricted equity securities 17,250 17,250
Loans held for sale 247 3,466
Loans 6,314,290 4,916,624
Allowance for credit losses (101,488) (85,376)
Total loans, net 6,212,802 4,831,248
Premises and equipment, net 73,266 78,687
Cash value of life insurance 132,933 117,857
Accrued interest receivable 27,070 19,292
Goodwill 307,942 220,872
Other intangible assets, net 18,372 12,369
Operating leases, right-of-use 26,622 25,665
Other assets 262,971 109,025
Total assets 9,976,879 8,614,787
Deposits:    
Noninterest-bearing demand 3,678,202 2,979,882
Interest-bearing 4,977,567 4,387,277
Total deposits 8,655,769 7,367,159
Accrued interest payable 853 928
Operating lease liability 28,717 26,280
Other liabilities 153,110 112,070
Other borrowings 47,068 50,087
Junior subordinated debt 101,024 58,079
Total liabilities 8,986,541 7,614,603
Commitments and contingencies (Note 9)
Shareholders’ equity:    
Preferred stock, no par value: 1,000,000 shares authorized, zero issued and outstanding at September 30, 2022 and December 31, 2021 0 0
Common stock, no par value: 50,000,000 shares authorized; 33,332,189 and 29,730,424 issued and outstanding at September 30, 2022 and December 31, 2021, respectively 696,348 532,244
Retained earnings 516,699 466,959
Accumulated other comprehensive (loss) income, net of tax (222,709) 981
Total shareholders’ equity 990,338 1,000,184
Total liabilities and shareholders’ equity $ 9,976,879 $ 8,614,787