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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Assets:    
Cash and due from banks $ 86,052 $ 77,253
Cash at Federal Reserve and other banks 553,688 592,298
Cash and cash equivalents 639,740 669,551
Investment securities:    
Marketable equity securities 2,979 3,025
Available for sale debt securities, net of allowance for credit losses of $— 1,847,568 1,414,264
Held to maturity debt securities, net of allowance for credit losses of $— 235,778 284,563
Restricted equity securities 17,250 17,250
Loans held for sale 5,723 6,268
Loans 4,944,894 4,763,127
Allowance for credit losses (86,062) (91,847)
Total loans, net 4,858,832 4,671,280
Premises and equipment, net 79,178 83,731
Cash value of life insurance 120,287 118,870
Accrued interest receivable 18,923 20,004
Goodwill 220,872 220,872
Other intangible assets, net 14,971 17,833
Operating leases, right-of-use 26,365 27,846
Other assets 81,899 84,172
Total assets 8,170,365 7,639,529
Deposits:    
Noninterest-bearing demand 2,843,783 2,581,517
Interest-bearing 4,148,270 3,924,417
Total deposits 6,992,053 6,505,934
Accrued interest payable 1,026 1,362
Operating lease liability 26,707 27,973
Other liabilities 85,388 94,597
Other borrowings 40,559 26,914
Junior subordinated debt 57,852 57,635
Total liabilities 7,203,585 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 June 30, 2021 and December 31, 2020 0 0
Common stock, no par value: 50,000,000 shares authorized; 29,716,294 and 29,727,214 issued and outstanding at June 30, 2021 and December 31, 2020, respectively 531,038 530,835
Retained earnings 427,575 381,999
Accumulated other comprehensive income, net of tax 8,167 12,280
Total shareholders’ equity 966,780 925,114
Total liabilities and shareholders’ equity $ 8,170,365 $ 7,639,529