XML 22 R2.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Assets:    
Cash and due from banks $ 110,141 $ 81,626
Cash at Federal Reserve and other banks 209,973 17,075
Cash and cash equivalents 320,114 98,701
Investment securities:    
Marketable equity securities 2,690 2,634
Available for sale debt securities, at fair value (amortized cost of $2,159,708 and $2,384,325) 1,979,270 2,152,504
Held to maturity debt securities, at amortized cost, net of allowance for credit losses of $0 117,259 133,494
Restricted equity securities 17,250 17,250
Loans held for sale 1,995 458
Loans 6,683,891 6,794,470
Allowance for credit losses (123,760) (121,522)
Total loans, net 6,560,131 6,672,948
Premises and equipment, net 70,423 71,347
Cash value of life insurance 139,312 136,892
Accrued interest receivable 33,061 36,768
Goodwill 304,442 304,442
Other intangible assets, net 7,462 10,552
Operating leases, right-of-use 24,716 26,133
Other assets 245,765 245,966
Total assets 9,823,890 9,910,089
Deposits:    
Noninterest-bearing demand 2,547,736 2,722,689
Interest-bearing 5,489,355 5,111,349
Total deposits 8,037,091 7,834,038
Accrued interest payable 11,664 8,445
Operating lease liability 26,668 28,261
Other liabilities 141,521 145,982
Other borrowings 266,767 632,582
Junior subordinated debt 101,164 101,099
Total liabilities 8,584,875 8,750,407
Commitments and contingencies (Note 9)
Shareholders’ equity:    
Preferred stock, no par value: 1,000,000 shares authorized, zero issued and outstanding at September 30, 2024 and December 31, 2023 0 0
Common stock, no par value: 50,000,000 shares authorized; 33,000,508 and 33,268,102 issued and outstanding at September 30, 2024 and December 31, 2023, respectively 693,176 697,349
Retained earnings 662,816 615,502
Accumulated other comprehensive loss, net of tax (116,977) (153,169)
Total shareholders’ equity 1,239,015 1,159,682
Total liabilities and shareholders’ equity $ 9,823,890 $ 9,910,089