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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks, including interest bearing amounts of $312,973 and $436,879, respectively $ 486,789 $ 595,383
Securities:    
Equity securities, at fair value 13,091 12,320
Available-for-sale debt securities, at fair value 2,102,123 2,194,329
Held-to-maturity debt securities (fair values of $1,028,432 and $1,069,159, respectively) 1,179,684 1,199,527
Allowance for credit losses, held-to-maturity debt securities (163) (192)
Net held-to-maturity debt securities 1,179,521 1,199,335
Total securities 3,294,735 3,405,984
Loans held for sale 25,433 16,354
Portfolio loans, net of unearned income 12,257,511 11,638,461
Allowance for credit losses - loans (136,509) (130,675)
Net portfolio loans 12,121,002 11,507,786
Premises and equipment, net 222,266 233,571
Accrued interest receivable 79,759 77,435
Goodwill and other intangible assets, net 1,128,103 1,132,267
Bank-owned life insurance 358,682 355,033
Other assets 411,606 388,561
Total Assets 18,128,375 17,712,374
Deposits:    
Non-interest bearing demand 3,826,249 3,962,592
Interest bearing demand 3,505,651 3,463,443
Money market 2,283,294 2,017,713
Savings deposits 2,429,241 2,493,254
Certificates of deposit 1,387,938 1,231,702
Total deposits 13,432,373 13,168,704
Federal Home Loan Bank borrowings 1,475,000 1,350,000
Other short-term borrowings 105,757 105,893
Subordinated debt and junior subordinated debt 279,193 279,078
Total borrowings 1,859,950 1,734,971
Accrued interest payable 15,393 11,121
Other liabilities 276,380 264,516
Total Liabilities 15,584,096 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 June 30, 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; 59,579,310 and 59,376,435 shares outstanding at June 30, 2024 and December 31, 2023, respectively 141,834 141,834
Capital surplus 1,630,830 1,635,859
Retained earnings 1,159,217 1,142,586
Treasury stock (8,501,996 and 8,704,871 shares - at cost, respectively) (294,818) (302,995)
Accumulated other comprehensive loss (235,208) (226,693)
Deferred benefits for directors (2,060) (2,013)
Total Shareholders' Equity 2,544,279 2,533,062
Total Liabilities and Shareholders' Equity $ 18,128,375 $ 17,712,374