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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Assets:    
Cash and due from banks $ 77,253 $ 92,816
Cash at Federal Reserve and other banks 592,298 183,691
Cash and cash equivalents 669,551 276,507
Investment securities:    
Marketable equity securities 3,025 2,960
Available for sale debt securities 1,414,264 950,138
Held to maturity debt securities 284,563 375,606
Restricted equity securities 17,250 17,250
Loans held for sale 6,268 5,265
Loans 4,763,127 4,307,366
Allowance for credit losses (91,847) (30,616)
Total loans, net 4,671,280 4,276,750
Premises and equipment, net 83,731 87,086
Cash value of life insurance 118,870 117,823
Accrued interest receivable 20,004 18,897
Goodwill 220,872 220,872
Other intangible assets, net 17,833 23,557
Operating leases, right-of-use 27,846 27,879
Other assets 84,172 70,591
Total assets 7,639,529 6,471,181
Deposits:    
Noninterest-bearing demand 2,581,517 1,832,665
Interest-bearing 3,924,417 3,534,329
Total deposits 6,505,934 5,366,994
Accrued interest payable 1,362 2,407
Operating lease liability 27,973 27,540
Other liabilities 94,597 91,984
Other borrowings 26,914 18,454
Junior subordinated debt 57,635 57,232
Total liabilities 6,714,415 5,564,611
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, no par value: 1,000,000 shares authorized; zero issued and outstanding at December 31, 2020 and 2019 0 0
Common stock, no par value: 50,000,000 shares authorized; issued and outstanding: 29,727,214 and 30,523,824 at December 31, 2020 and 2019, respectively 530,835 543,998
Retained earnings 381,999 367,794
Accumulated other comprehensive income (loss), net of tax 12,280 (5,222)
Total shareholders’ equity 925,114 906,570
Total liabilities and shareholders’ equity $ 7,639,529 $ 6,471,181