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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 65,859 $ 49,202
Interest-earning deposits with other banks 47,451 840,948
Cash and cash equivalents 113,310 890,150
Investment securities held-to-maturity (fair value $136,456 and $178,402 at September 30, 2022 and December 31, 2021, respectively) 159,170 176,983
Investment securities available-for-sale (amortized cost $403,774 and $319,474, net of allowance for credit losses of $1,299 and $929 at September 30, 2022 and December 31, 2021, respectively) 347,479 317,007
Investments in equity securities 2,994 2,999
Federal Home Loan Bank, Federal Reserve Bank and other stock, at cost 29,475 28,186
Loans held for sale 9,087 21,600
Loans and leases held for investment 5,849,259 5,310,017
Less: Allowance for credit losses, loans and leases (74,929) (71,924)
Net loans and leases held for investment 5,774,330 5,238,093
Premises and equipment, net 50,533 56,882
Operating lease right-of-use assets 30,654 30,407
Goodwill 175,510 175,510
Other intangibles, net of accumulated amortization 11,650 11,848
Bank owned life insurance 120,035 118,699
Accrued interest receivable and other assets 83,170 54,057
Total assets 6,907,397 7,122,421
LIABILITIES    
Noninterest-bearing deposits 1,968,422 2,065,423
Interest-bearing deposits 3,818,554 3,989,701
Deposits, Total 5,786,976 6,055,124
Short-term borrowings 80,711 20,106
Long-term debt 95,000 95,000
Subordinated notes 99,107 98,874
Operating lease liabilities 33,718 33,453
Accrued interest payable and other liabilities 57,698 46,070
Total liabilities 6,153,210 6,348,627
SHAREHOLDERS' EQUITY    
Common stock, $5 par value: 48,000,000 shares authorized at September 30, 2022 and December 31, 2021; 31,556,799 shares issued at September 30, 2022 and December 31, 2021; 29,242,451 and 29,500,542 shares outstanding at September 30, 2022 and December 31, 2021, respectively 157,784 157,784
Additional paid-in capital 299,791 299,181
Retained earnings 410,942 375,124
Accumulated other comprehensive loss, net of tax benefit (64,985) (16,353)
Treasury stock, at cost; 2,314,348 and 2,056,257 shares at September 30, 2022 and December 31, 2021, respectively (49,345) (41,942)
Total shareholders’ equity 754,187 773,794
Total liabilities and shareholders’ equity $ 6,907,397 $ 7,122,421