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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 120,634 $ 145,342
Short-term investments 542,836 540,013
Total cash and cash equivalents 663,470 685,355
Trading securities, at fair value 6,171 6,708
Equity securities, at fair value 12,325 12,856
Securities available for sale, at fair value 1,260,391 1,423,200
Securities held to maturity (fair values of $453,729 and $507,464) 552,981 583,453
Federal Home Loan Bank stock 38,912 7,219
Total securities 1,870,780 2,033,436
Less: Allowance for credit losses on held to maturity securities (69) (91)
Net securities 1,870,711 2,033,345
Loans held for sale 2,342 4,311
Total loans 8,984,377 8,335,309
Less: Allowance for credit losses on loans (102,792) (96,270)
Net loans 8,881,585 8,239,039
Premises and equipment, net 70,042 85,217
Other intangible assets 20,869 24,483
Cash surrender value of bank-owned life insurance policies 242,172 238,919
Other assets 377,605 348,935
Total assets 12,139,953 11,662,864
Liabilities    
Demand deposits 2,530,441 2,852,127
NOW and other deposits 843,032 1,054,596
Money market deposits 3,075,307 3,723,570
Savings deposits 1,086,329 1,063,269
Time deposits 2,445,435 1,633,707
Total deposits 9,980,544 10,327,269
Short-term debt 670,000 0
Long-term Federal Home Loan Bank advances and other 134,295 4,445
Subordinated borrowings 121,300 121,064
Total borrowings 925,595 125,509
Other liabilities 282,805 256,024
Total liabilities 11,188,944 10,708,802
Shareholders’ equity    
Common stock ($0.01 par value; 100,000,000 shares authorized and 51,903,190 shares issued and 43,822,473 shares outstanding in 2023; 51,903,190 shares issued and 44,361,222 shares outstanding in 2022) 528 528
Additional paid-in capital - common stock 1,423,720 1,424,183
Unearned compensation (12,004) (8,598)
Retained (deficit) (23,846) (71,428)
Accumulated other comprehensive (loss) (218,386) (181,052)
Treasury stock, at cost (8,080,717 shares in 2023 and 7,541,968 shares in 2022) (219,003) (209,571)
Total shareholders’ equity 951,009 954,062
Total liabilities and shareholders’ equity 12,139,953 11,662,864
Disposal Group, Held-for-sale, Not Discontinued Operations    
Assets    
Assets held for sale $ 11,157 $ 3,260