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Nature of Operations and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Nature of Operations and Summary of Significant Accounting Policies

Schedule of goodwill and intangible assets

​

​	​	​	​	​	​	​
​	​	December 31,
​		2023			2022
​		(In Thousands)
​	​	​	​	​	​	​
Goodwill – Branch acquisitions	​	$	5,396	​	$	5,396
Deposit intangibles	​			​
Fifth Third Bank (January 2016)	​		—	​		53
Arena Naming Rights (April 2022)	​		5,131	​		5,364
​	​		5,131	​		5,417
​	​	$	10,527	​	$	10,813

Schedule of earnings per common share

​

​	​	​	​	​	​	​	​	​	​
​		2023			2022			2021
​	​	(In Thousands, Except Per Share Data)
​	​	​	​	​	​	​	​	​	​
Net income and net income available to common shareholders	​	$	67,800	​	$	75,948	​	$	74,627
​	​	​	​	​	​	​	​	​	​
Average common shares outstanding	​		11,992	​		12,516	​		13,558
​	​	​	​	​	​	​	​	​	​
Average common share stock options outstanding	​		88	​		91	​		116
​	​	​	​	​	​	​	​	​	​
Average diluted common shares	​		12,080	​		12,607	​		13,674
​	​	​	​	​	​	​	​	​	​
Earnings per common share – basic	​	$	5.65	​	$	6.07	​	$	5.50
​	​	​	​	​	​	​	​	​	​
Earnings per common share – diluted	​	$	5.61	​	$	6.02	​	$	5.46

Schedule of Company's Consolidated Statements of Cash Flows

A summary of corrections reflecting the prior period impacts to the Company’s Consolidated Statements of Cash Flows are shown below (in thousands of dollars):

​	​	​	​	​	​	​	​	​	​
​	​	For the Year Ended December 31, 2022
​	​	As Previously		​	​	​	​	​	​
​	​	Presented		​	Net Change		​	As Corrected
​		​	​		​	​		​	​
Operating Activities		​			​			​
Accretion of deferred income, premiums, discounts and other	​	$	(7,719)	​	$	(8,123)	​	$	(15,842)
Prepaid expenses and other assets	​		(24,248)	​		26,389	​		2,141
Net cash provided by operating activities	​		66,580	​		18,266	​		84,846
​	​	​	​	​	​	​	​	​	​
Investing Activities	​			​			​
Investment in tax credit partnerships	​		—	​		(18,266)	​		(18,266)
Net cash used in investing activities	​		(801,280)	​		(18,266)	​		(819,546)

​

​	​	​	​	​	​	​	​	​	​
​	​	For the Year Ended December 31, 2021
​	​	As Previously		​	​	​	​	​	​
​	​	Presented		​	Net Change		​	As Corrected
​		​	​		​	​		​	​
Operating Activities		​			​			​
Accretion of deferred income, premiums, discounts and other	​	$	(10,262)	​	$	(8,123)	​	$	(18,385)
Prepaid expenses and other assets	​		3,257	​		16,889	​		20,146
Net cash provided by operating activities	​		84,976	​		8,766	​		93,742
​	​	​	​	​	​	​	​	​	​
Investing Activities	​			​			​
Investment in tax credit partnerships	​		—	​		(8,766)	​		(8,766)
Net cash provided by investing activities	​		190,713	​		(8,766)	​		181,947

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Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

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