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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets:    
Cash and due from banks $ 81,626 $ 96,323
Cash at Federal Reserve and other banks 17,075 10,907
Cash and cash equivalents 98,701 107,230
Investment securities:    
Marketable equity securities 2,634 2,598
Available for sale debt securities, at fair value (amortized cost of $2,384,325 and $2,742,987) 2,152,504 2,452,438
Securities held to maturity 133,494 160,983
Restricted equity securities 17,250 17,250
Loans held for sale 458 1,846
Loans 6,794,470 6,450,447
Allowance for credit losses (121,522) (105,680)
Total loans, net 6,672,948 6,344,767
Premises and equipment, net 71,347 72,327
Cash value of life insurance 136,892 133,742
Accrued interest receivable 36,768 31,856
Goodwill 304,442 304,442
Other intangible assets, net 10,552 16,670
Operating leases, right-of-use 26,133 26,862
Other assets 245,966 257,975
Total assets 9,910,089 9,930,986
Deposits:    
Noninterest-bearing demand 2,722,689 3,502,095
Interest-bearing 5,111,349 4,826,918
Total deposits 7,834,038 8,329,013
Accrued interest payable 8,445 1,167
Operating lease liability 28,261 29,004
Other liabilities 145,982 159,741
Other borrowings 632,582 264,605
Junior subordinated debt 101,099 101,040
Total liabilities 8,750,407 8,884,570
Commitments and contingencies (Note 15)
Shareholders’ equity:    
Preferred stock, no par value: 1,000,000 shares authorized; zero issued and outstanding at December 31, 2023 and 2022, respectively 0 0
Common stock, no par value: 50,000,000 shares authorized; issued and outstanding: 33,268,102 and 33,331,513 at December 31, 2023 and 2022, respectively 697,349 697,448
Retained earnings 615,502 542,873
Accumulated other comprehensive loss, net of tax (153,169) (193,905)
Total shareholders’ equity 1,159,682 1,046,416
Total liabilities and shareholders’ equity $ 9,910,089 $ 9,930,986