XML 16 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 98,147,000 $ 127,278,000
Interest-bearing deposits in banks 193,365,000 153,163,000
Total cash and cash equivalents 291,512,000 280,441,000
Securities:    
Available for sale 1,190,922,000 1,253,631,000
Held to maturity, net allowance for credit losses of $24 and $63 at March 31, 2024, and December 31, 2023, respectively (fair value of $10,956 and $10,848 at March 31, 2024, and December 31, 2023, respectively) 11,651,000 11,615,000
Securities carried at fair value through income 6,755,000 6,808,000
Total securities 1,209,328,000 1,272,054,000
Non-marketable equity securities held in other financial institutions 53,870,000 55,190,000
Loans held for sale at fair value 14,975,000 16,852,000
Loans, net of allowance for credit losses of $98,375 and $96,868 at March 31, 2024, and December 31, 2023, respectively 7,801,652,000 7,564,076,000
Premises and equipment, net 120,931,000 118,978,000
Mortgage servicing rights 0 15,637,000
Cash surrender value of bank-owned life insurance 40,134,000 39,905,000
Goodwill 128,679,000 128,679,000
Other intangible assets, net 43,314,000 45,452,000
Accrued interest receivable and other assets 187,984,000 185,320,000
Total assets 9,892,379,000 9,722,584,000
Liabilities and Stockholders’ Equity    
Noninterest-bearing deposits 1,887,066,000 1,919,638,000
Interest-bearing deposits 4,990,632,000 4,918,597,000
Time deposits 1,627,766,000 1,412,890,000
Total deposits 8,505,464,000 8,251,125,000
Federal Home Loan Bank (“FHLB”) advances, repurchase obligations and other borrowings 13,158,000 83,598,000
Subordinated indebtedness, net 160,684,000 194,279,000
Accrued expenses and other liabilities 134,220,000 130,677,000
Total liabilities 8,813,526,000 8,659,679,000
Commitments and contingencies - See Note 12 — Commitments and Contingencies 0 0
Stockholders’ equity:    
Common stock ($5.00 par value; 50,000,000 shares authorized; 31,011,304 and 30,986,109 shares issued at March 31, 2024, and December 31, 2023, respectively) 155,057,000 154,931,000
Additional paid‑in capital 530,380,000 528,578,000
Retained earnings 518,325,000 500,419,000
Accumulated other comprehensive loss (124,909,000) (121,023,000)
Total stockholders’ equity 1,078,853,000 1,062,905,000
Total liabilities and stockholders’ equity $ 9,892,379,000 $ 9,722,584,000