XML 12 R2.htm IDEA: XBRL DOCUMENT v3.24.3
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 130,147 $ 122,021
Interest earning deposits 333,825 391,719
Federal funds sold 22,325 46,770
Total cash and cash equivalents 486,297 560,510
Securities AFS, at estimated fair value (amortized cost of $1,433,097 and $1,332,467, respectively) 1,408,437 1,296,294
Securities HTM (estimated fair value of $1,169,523 and $1,166,162, respectively) 1,288,403 1,307,053
FHLB stock, at cost 40,291 11,936
Equity investments 9,722 9,691
Loans held for sale 768 10,894
Loans:    
Loans 4,578,048 4,524,510
Less: Allowance for loan losses (44,276) (42,674)
Net loans 4,533,772 4,481,836
Premises and equipment, net 138,811 138,950
Operating lease ROU assets 14,007 14,837
Goodwill 201,116 201,116
Other intangible assets, net 2,003 2,925
Interest receivable 37,888 50,489
Deferred tax asset, net 32,643 30,426
BOLI 137,489 136,330
Other assets 30,616 31,627
Total assets 8,362,263 8,284,914
Deposits:    
Noninterest bearing 1,377,022 1,390,407
Interest bearing 5,058,680 5,159,274
Total deposits 6,435,702 6,549,681
Other borrowings 105,810 509,820
FHLB borrowings 760,046 212,648
Subordinated notes, net of unamortized debt issuance costs [1] 92,006 93,877
Trust preferred subordinated debentures, net of unamortized debt issuance costs 60,273 60,270
Unsettled trades to purchase securities 19,904 0
Operating lease liabilities 15,919 16,704
Other liabilities 67,349 68,626
Total liabilities 7,557,009 7,511,626
Off-balance-sheet arrangements, commitments and contingencies (Note 12)
Shareholders’ equity:    
Common stock:  ($1.25 par value, 80,000,000 shares authorized, 38,070,150 shares issued at September 30, 2024 and 38,039,706 shares issued at December 31, 2023) 47,588 47,550
Paid-in capital 792,249 788,840
Retained earnings 316,050 282,355
Treasury stock: (shares at cost, 7,762,336 at September 30, 2024 and 7,790,276 at December 31, 2023) (232,134) (231,995)
AOCI (118,499) (113,462)
Total shareholders’ equity 805,254 773,288
Total liabilities and shareholders’ equity $ 8,362,263 $ 8,284,914
[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.