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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Assets:    
Cash and due from banks $ 94,157 $ 77,253
Cash at Federal Reserve and other banks 515,365 592,298
Cash and cash equivalents 609,522 669,551
Investment securities:    
Marketable equity securities 2,971 3,025
Available for sale debt securities, net of allowance for credit losses of $— 1,682,105 1,414,264
Held to maturity debt securities, net of allowance for credit losses of $— 260,454 284,563
Restricted equity securities 17,250 17,250
Loans held for sale 3,995 6,268
Loans 4,966,977 4,763,127
Allowance for credit losses (85,941) (91,847)
Total loans, net 4,881,036 4,671,280
Premises and equipment, net 82,338 83,731
Cash value of life insurance 119,543 118,870
Accrued interest receivable 19,442 20,004
Goodwill 220,872 220,872
Other intangible assets, net 16,402 17,833
Operating leases, right-of-use 27,540 27,846
Other assets 88,142 84,172
Total assets 8,031,612 7,639,529
Deposits:    
Noninterest-bearing demand 2,766,510 2,581,517
Interest-bearing 4,096,890 3,924,417
Total deposits 6,863,400 6,505,934
Accrued interest payable 970 1,362
Operating lease liability 27,780 27,973
Other liabilities 102,955 94,597
Other borrowings 36,226 26,914
Junior subordinated debt 57,742 57,635
Total liabilities 7,089,073 6,714,415
Commitments and contingencies (Note 7)
Shareholders’ equity:    
Preferred stock, no par value: 1,000,000 shares authorized, zero issued and outstanding at March 31, 2021 and December 31, 2020 0 0
Common stock, no par value: 50,000,000 shares authorized; 29,727,122 and 29,727,214 issued and outstanding at March 31, 2021 and December 31, 2020, respectively 531,367 530,835
Retained earnings 408,211 381,999
Accumulated other comprehensive income, net of tax 2,961 12,280
Total shareholders’ equity 942,539 925,114
Total liabilities and shareholders’ equity $ 8,031,612 $ 7,639,529