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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks, including interest bearing amounts of $370,729 and $436,879, respectively $ 509,669 $ 595,383
Securities:    
Equity securities, at fair value 13,074 12,320
Available-for-sale debt securities, at fair value 2,119,272 2,194,329
Held-to-maturity debt securities (fair values of $1,052,444 and $1,069,159, respectively) 1,190,010 1,199,527
Allowance for credit losses, held-to-maturity debt securities (183) (192)
Net held-to-maturity debt securities 1,189,827 1,199,335
Total securities 3,322,173 3,405,984
Loans held for sale 12,472 16,354
Portfolio loans, net of unearned income 11,873,167 11,638,461
Allowance for credit losses - loans (129,190) (130,675)
Net portfolio loans 11,743,977 11,507,786
Premises and equipment, net 232,630 233,571
Accrued interest receivable 78,564 77,435
Goodwill and other intangible assets, net 1,130,175 1,132,267
Bank-owned life insurance 357,099 355,033
Other assets 385,976 388,561
Total Assets 17,772,735 17,712,374
Deposits:    
Non-interest bearing demand 3,938,610 3,962,592
Interest bearing demand 3,529,691 3,463,443
Money market 2,189,769 2,017,713
Savings deposits 2,499,466 2,493,254
Certificates of deposit 1,339,237 1,231,702
Total deposits 13,496,773 13,168,704
Federal Home Loan Bank borrowings 1,100,000 1,350,000
Other short-term borrowings 72,935 105,893
Subordinated debt and junior subordinated debt 279,136 279,078
Total borrowings 1,452,071 1,734,971
Accrued interest payable 15,929 11,121
Other liabilities 269,600 264,516
Total Liabilities 15,234,373 15,179,312
SHAREHOLDERS' EQUITY    
Preferred stock, no par value, 1,000,000 shares authorized; 150,000 shares 6.75% non-cumulative perpetual preferred stock, Series A, liquidation preference $150,000,000, issued and outstanding at March 31, 2024 and December 31, 2023, respectively 144,484 144,484
Common stock, $2.0833 par value; 100,000,000 shares authorized; 68,081,306 shares issued; 59,395,777 and 59,376,435 shares outstanding at March 31, 2024 and December 31, 2023, respectively 141,834 141,834
Capital surplus 1,636,964 1,635,859
Retained earnings 1,154,307 1,142,586
Treasury stock (8,685,529 and 8,704,871 shares - at cost, respectively) (302,264) (302,995)
Accumulated other comprehensive loss (234,922) (226,693)
Deferred benefits for directors (2,041) (2,013)
Total Shareholders' Equity 2,538,362 2,533,062
Total Liabilities and Shareholders' Equity $ 17,772,735 $ 17,712,374