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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 16,383 $ 9,047
Federal funds sold 9,610 3,740
Interest-bearing deposits with banks and other short-term investments 584,491 709,897
Investment securities available-for-sale (amortized cost of $1,550,038 and $1,668,316, respectively, and allowance for credit losses of $17 and $17, respectively). 1,433,006 1,506,388
Investment securities held-to-maturity, net of allowance for credit losses of $1,237 and $1,956, respectively (fair value of $868,425 and $901,582, respectively) 961,925 1,015,737
Federal Reserve and Federal Home Loan Bank stock 37,728 25,748
Loans held for investment, at amortized cost 7,970,269 7,968,695
Less: allowance for credit losses (111,867) (85,940)
Loans held for investment, net of allowance 7,858,402 7,882,755
Premises and equipment, net 8,291 10,189
Right-of-use assets - operating leases 15,167 19,129
Deferred income taxes 74,381 86,620
Bank-owned life insurance 115,064 112,921
Goodwill and other intangible assets, net 21 104,925
Other real estate owned 2,743 1,108
Other assets 167,840 176,334
Total Assets 11,285,052 11,664,538
Deposits:    
Noninterest-bearing demand 1,609,823 2,279,081
Interest-bearing transaction 903,300 997,448
Savings and money market 3,316,819 3,314,043
Time 2,710,908 2,217,467
Total deposits 8,540,850 8,808,039
Customer repurchase agreements 32,040 30,587
Other short-term borrowings 1,240,000 1,369,918
Long-term borrowings 75,812 0
Operating lease liabilities 18,755 23,238
Reserve for unfunded commitments 5,060 5,590
Other liabilities 147,111 152,883
Total Liabilities 10,059,628 10,390,255
Shareholders' Equity    
Common stock, par value $0.01 per share; shares authorized 100,000,000, shares issued and outstanding 30,173,200 and 29,925,612, respectively 298 296
Additional paid-in capital 382,284 374,888
Retained earnings 967,019 1,061,456
Accumulated other comprehensive loss (124,177) (162,357)
Total Shareholders' Equity 1,225,424 1,274,283
Total Liabilities and Shareholders' Equity $ 11,285,052 $ 11,664,538