XML 16 R3.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 122,021 $ 106,143
Interest earning deposits 391,719 9,276
Federal funds sold 46,770 83,833
Total cash and cash equivalents 560,510 199,252
Securities AFS, at estimated fair value (amortized cost of $1,332,467 and $1,387,874, respectively) 1,296,294 1,299,014
Securities HTM (estimated fair value of $1,166,162 and $1,149,156, respectively) 1,307,053 1,326,729
FHLB stock, at cost 11,936 9,190
Equity investments 9,691 11,181
Loans held for sale 10,894 667
Loans:    
Loans 4,524,510 4,147,691
Less:  Allowance for loan losses (42,674) (36,515)
Net loans 4,481,836 4,111,176
Premises and equipment, net 138,950 141,256
Operating lease ROU assets 14,837 15,314
Goodwill 201,116 201,116
Other intangible assets, net 2,925 4,622
Interest receivable 50,489 49,350
Deferred tax asset, net 30,426 34,695
BOLI 136,330 133,911
Other assets 31,627 21,163
Total assets 8,284,914 7,558,636
Deposits:    
Noninterest bearing 1,390,407 1,671,562
Interest bearing 5,159,274 4,526,457
Total deposits 6,549,681 6,198,019
Other borrowings 509,820 221,153
FHLB borrowings 212,648 153,358
Subordinated notes, net of unamortized debt issuance costs [1] 93,877 98,674
Trust preferred subordinated debentures, net of unamortized debt issuance costs 60,270 60,265
Operating lease liabilities 16,704 17,070
Other liabilities 68,626 64,100
Total liabilities 7,511,626 6,812,639
Off-balance-sheet arrangements, commitments and contingencies (Note 17)
Shareholders’ equity:    
Common stock:  ($1.25 par value, 80,000,000 shares authorized, 38,039,706 shares issued at December 31, 2023 and 38,000,822 shares issued at December 31, 2022) 47,550 47,501
Paid-in capital 788,840 784,545
Retained earnings 282,355 239,610
Treasury stock: (shares at cost, 7,790,276 at December 31, 2023 and 6,454,192 at December 31, 2022) (231,995) (188,203)
AOCI (113,462) (137,456)
Total shareholders’ equity 773,288 745,997
Total liabilities and shareholders’ equity $ 8,284,914 $ 7,558,636
[1] This debt consists of subordinated notes with a remaining maturity greater than one year that qualify under the risk-based capital guidelines as Tier 2 capital, subject to certain limitations.