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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 127,278 $ 150,180
Interest-bearing deposits in banks 153,163 208,792
Total cash and cash equivalents 280,441 358,972
Securities:    
Available for sale 1,253,631 1,641,484
Held to maturity, net allowance for credit losses of $63 and $899 at December 31, 2023, and December 31, 2022, respectively (fair value of $10,848 and $11,970 at December 31, 2023, and December 31, 2022, respectively) 11,615 11,275
Securities carried at fair value through income 6,808 6,368
Total securities 1,272,054 1,659,127
Non-marketable equity securities held in other financial institutions 55,190 67,378
Loans held for sale ($16,852 and $25,389 at fair value at December 31, 2023, and December 31, 2022, respectively) 16,852 49,957
Loans, net of allowance for credit losses of $96,868 and $87,161 at December 31, 2023, and December 31, 2022, respectively 7,564,076 7,002,861
Premises and equipment, net 118,978 100,201
Mortgage servicing rights 15,637 20,824
Cash surrender value of bank-owned life insurance 39,905 39,040
Goodwill 128,679 128,679
Other intangible assets, net 45,452 49,829
Accrued interest receivable and other assets 185,320 209,199
Total assets 9,722,584 9,686,067
Liabilities and Stockholders’ Equity    
Noninterest-bearing deposits 1,919,638 2,482,475
Interest-bearing deposits 4,918,597 4,505,940
Time deposits 1,412,890 787,287
Total deposits 8,251,125 7,775,702
Federal Home Loan Bank (“FHLB”) advances, repurchase obligations and other borrowings 83,598 639,230
Subordinated indebtedness, net 194,279 201,765
Accrued expenses and other liabilities 130,677 119,427
Total liabilities 8,659,679 8,736,124
Commitments and contingencies - See Note 18 — Commitments and Contingencies 0 0
Stockholders’ equity:    
Preferred stock, no par value, 2,000,000 shares authorized 0 0
Common stock ($5.00 par value; 50,000,000 shares authorized; 30,986,109 and 30,746,600 shares issued at December 31, 2023, and December 31, 2022, respectively) 154,931 153,733
Additional paid‑in capital 528,578 520,669
Retained earnings 500,419 435,416
Accumulated other comprehensive loss (121,023) (159,875)
Total stockholders’ equity 1,062,905 949,943
Total liabilities and stockholders’ equity $ 9,722,584 $ 9,686,067