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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Assets:    
Cash and due from banks $ 71,034 $ 92,816
Cash at Federal Reserve and other banks 581,548 183,691
Cash and cash equivalents 652,582 276,507
Investment securities:    
Marketable equity securities 3,032 2,960
Available for sale debt securities, net of allowance for credit losses of $— 1,142,957 950,138
Held to maturity debt securities, net of allowance for credit losses of $— 310,696 375,606
Restricted equity securities 17,250 17,250
Loans held for sale 6,570 5,265
Loans 4,826,338 4,307,366
Allowance for credit losses (87,575) (30,616)
Total loans, net 4,738,763 4,276,750
Premises and equipment, net 84,856 87,086
Cash value of life insurance 120,026 117,823
Accrued interest receivable 19,557 18,897
Goodwill 220,872 220,872
Other intangible assets, net 19,264 23,557
Operating leases, right-of-use 28,879 27,879
Other assets 84,495 70,591
Total assets 7,449,799 6,471,181
Deposits:    
Noninterest-bearing demand 2,517,819 1,832,665
Interest-bearing 3,822,769 3,534,329
Total deposits 6,340,588 5,366,994
Accrued interest payable 1,571 2,407
Operating lease liability 28,894 27,540
Other liabilities 91,902 91,984
Other borrowings 27,055 18,454
Junior subordinated debt 57,527 57,232
Total liabilities 6,547,537 5,564,611
Commitments and contingencies (Note 7)
Shareholders’ equity:    
Preferred stock, no par value: 1,000,000 shares authorized, zero issued and outstanding at September 30, 2020 and December 31, 2019 0 0
Common stock, no par value: 50,000,000 shares authorized; 29,769,389 and 30,523,824 issued and outstanding at September 30, 2020 and December 31, 2019, respectively 531,075 543,998
Retained earnings 365,611 367,794
Accumulated other comprehensive income (loss), net of tax 5,576 (5,222)
Total shareholders’ equity 902,262 906,570
Total liabilities and shareholders’ equity 7,449,799 6,471,181
Allowance for credit losses 0 0
Allowance for Credit Losses $ 0 $ 0