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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Cash and cash equivalents:    
Cash and due from banks $ 126,577 $ 117,513
Interest-bearing deposits 148,992 109,651
Total cash and cash equivalents 275,569 227,164
Debt securities available for sale 2,383,550 2,461,393
Debt securities held to maturity 907,559 918,312
Equity securities 10,915 11,535
Loans held for sale 2,714 1,253
Portfolio loans (net of ACL of $91,727 at March 31, 2023, and $91,608 at December 31, 2022) 7,692,081 7,634,094
Premises and equipment, net 126,515 126,524
Right of use assets 12,291 12,829
Goodwill 317,873 317,873
Other intangible assets, net 43,694 46,423
Cash surrender value of bank owned life insurance 180,187 180,485
Other assets 391,607 398,792
Total assets 12,344,555 12,336,677
Deposits:    
Noninterest-bearing 3,173,783 3,393,666
Interest-bearing 6,627,386 6,677,614
Total deposits 9,801,169 10,071,280
Securities sold under agreements to repurchase 210,977 229,806
Short-term borrowings 615,881 351,054
Long-term debt 27,000 30,000
Subordinated notes, net of unamortized issuance costs 222,245 222,038
Junior subordinated debt owed to unconsolidated trusts 71,855 71,810
Lease liabilities 12,515 12,995
Other liabilities 184,355 201,717
Total liabilities 11,145,997 11,190,700
Outstanding commitments and contingent liabilities (see Notes 4 and 9)
Stockholders’ equity    
Common stock, ($.001 par value; 100,000,000 shares authorized) 58 58
Additional paid-in capital 1,322,407 1,320,980
Retained earnings 191,924 168,769
AOCI (245,784) (273,278)
Total stockholders’ equity before treasury stock 1,268,605 1,216,529
Treasury stock at cost (70,047) (70,552)
Total stockholders’ equity 1,198,558 1,145,977
Total liabilities and stockholders’ equity $ 12,344,555 $ 12,336,677
Shares    
Common shares issued (in shares) 58,116,970 58,116,970
Less: Treasury shares (in shares) (2,822,515) (2,837,846)
Common shares outstanding (in shares) 55,294,455 55,279,124