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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 9,047 $ 12,655
Federal funds sold 3,740 33,927
Interest-bearing deposits with banks and other short-term investments 709,897 265,272
Investment securities available-for-sale (amortized cost of $1,668,316 and $1,803,898, respectively, and allowance for credit losses of $17 and $17, respectively) 1,506,388 1,598,666
Investment securities held-to-maturity, net of allowance for credit losses of $1,956 and $766, respectively (fair value of $901,582 and $968,707, respectively) 1,015,737 1,093,374
Federal Reserve and Federal Home Loan Bank stock 25,748 65,067
Loans held for sale 0 6,734
Loans 7,968,695 7,635,632
Less allowance for credit losses (85,940) (74,444)
Loans, net 7,882,755 7,561,188
Premises and equipment, net 10,189 13,475
Operating lease right-of-use assets 19,129 24,544
Deferred income taxes 86,620 96,567
Bank-owned life insurance 112,921 110,998
Goodwill and intangible assets, net 104,925 104,233
Other real estate owned 1,108 1,962
Other assets 176,334 162,192
Total Assets 11,664,538 11,150,854
Deposits:    
Noninterest-bearing demand 2,279,081 3,150,751
Interest-bearing transaction 997,448 1,138,235
Savings and money market 3,314,043 3,640,697
Time deposits 2,217,467 783,499
Total deposits 8,808,039 8,713,182
Customer repurchase agreements 30,587 35,100
Borrowings 1,369,918 1,044,795
Operating lease liabilities 23,238 29,267
Reserve for unfunded commitments 5,590 5,857
Other liabilities 152,883 94,332
Total Liabilities 10,390,255 9,922,533
Shareholders’ Equity    
Common stock, par value $0.01 per share; shares authorized 100,000,000, shares issued and outstanding 29,925,612 and 31,346,903, respectively 296 310
Additional paid-in capital 374,888 412,303
Retained earnings 1,061,456 1,015,215
Accumulated other comprehensive loss (162,357) (199,507)
Total Shareholders’ Equity 1,274,283 1,228,321
Total Liabilities and Shareholders’ Equity $ 11,664,538 $ 11,150,854