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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 183,705 $ 209,349
Interest-earning deposits 212,218 385,943
Cash and cash equivalents 395,923 [1] 595,292
Certificates of deposit in other banks 19,692 21,920
Securities available for sale (“AFS”), at fair value 852,331 921,661
Securities held to maturity (“HTM”), at amortized cost 684,991 651,803
Other investments 54,257 44,008
Loans held for sale 9,764 6,447
Other assets held for sale 0 199,833
Loans 4,683,315 4,621,836
Allowance for credit losses - loans (“ACL-Loans”) (49,906) (49,672)
Loans, net 4,633,409 4,572,164
Premises and equipment, net 94,275 94,566
Bank owned life insurance (“BOLI”) 135,292 134,476
Goodwill and other intangibles, net 338,068 339,492
Accrued interest receivable and other assets 102,210 113,375
Total assets 7,320,212 7,695,037
Liabilities:    
Noninterest-bearing demand deposits 1,912,995 1,975,705
Interest-bearing deposits 4,318,125 4,490,211
Total deposits 6,231,120 6,465,916
Long-term borrowings 206,946 216,915
Other liabilities held for sale 0 51,586
Accrued interest payable and other liabilities 45,836 68,729
Total liabilities 6,483,902 6,803,146
Stockholders’ Equity:    
Common stock 135 140
Additional paid-in capital 524,478 575,045
Retained earnings 337,768 313,604
Accumulated other comprehensive income (loss) (26,071) 3,102
Total stockholders’ equity 836,310 891,891
Total liabilities and stockholders’ equity $ 7,320,212 $ 7,695,037
Preferred shares authorized (no par value) (in shares) 10,000,000 10,000,000
Preferred shares issued and outstanding (in shares) 0 0
Common shares authorized (par value $0.01 per share) (in shares) 30,000,000 30,000,000
Common shares outstanding (in shares) 13,456,741 13,994,079
Common shares issued (in shares) 13,481,442 14,019,880
[1] Cash and cash equivalents at both March 31, 2022 and March 31, 2021, include restricted cash of $1.9 million pledged as collateral on interest rate swaps and no reserve balance was required with the Federal Reserve Bank.