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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Cash and cash equivalents:    
Cash and balances due from banks $ 108,107 $ 94,679
Interest-bearing deposits in other banks 191,002 59,343
Total cash and cash equivalents 299,109 154,022
Available-for-sale investment securities, at fair value (amortized cost of $1,211,794 at September 30, 2023 and $1,300,719 at December 31, 2022) [1] 1,018,581 1,131,399
Held-to-maturity investment securities, at amortized cost (fair value of $569,888 at September 30, 2023 and $478,509 at December 31, 2022) [1] 675,409 560,212
Other investment securities 66,332 51,609
Total investment securities [1] 1,760,322 1,743,220
Loans and leases, net of deferred fees and costs [2] 6,084,390 4,707,150
Allowance for credit losses (62,924) (53,162)
Net loans and leases [3] 6,021,466 4,653,988
Loans held for sale 2,699 2,140
Bank premises and equipment, net of accumulated depreciation 103,877 82,934
Bank owned life insurance 139,554 105,292
Goodwill 355,106 292,397
Other intangible assets 53,388 33,932
Other assets 207,013 139,379
Total assets 8,942,534 7,207,304
Deposits:    
Non-interest-bearing 1,569,095 1,589,402
Interest-bearing 5,468,423 4,127,539
Total deposits 7,037,518 5,716,941
Short-term borrowings 585,437 500,138
Long-term borrowings 173,312 101,093
Accrued expenses and other liabilities 153,048 103,804
Total liabilities 7,949,315 6,421,976
Stockholders’ equity    
Preferred shares, no par value, 50,000 shares authorized, no shares issued at September 30, 2023 or at December 31, 2022 0 0
Common shares, no par value, 50,000,000 shares authorized, 36,723,893 shares issued at September 30, 2023 and 29,857,920 shares issued at December 31, 2022, including at each date shares held in treasury 864,010 686,450
Retained earnings 307,534 265,936
Accumulated other comprehensive loss, net of deferred income taxes (143,796) (127,136)
Treasury stock, at cost, 1,412,650 shares at September 30, 2023 and 1,643,461 shares at December 31, 2022 (34,529) (39,922)
Total stockholders’ equity 993,219 785,328
Total liabilities and stockholders’ equity $ 8,942,534 $ 7,207,304
[1]     Available-for-sale investment securities and held-to-maturity investment securities are presented net of allowance for credit losses of $0 and $238, respectively, at September 30, 2023, and $0 and $241, respectively, at December 31, 2022.
[2] Also referred to throughout this Quarterly Report on Form 10-Q as "total loans" and "loans held for investment."
[3] Also referred to throughout this Quarterly Report on Form 10-Q as "net loans."