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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Assets:    
Cash and due from banks $ 57,032 $ 77,253
Cash at Federal Reserve and other banks 711,389 592,298
Cash and cash equivalents 768,421 669,551
Investment securities:    
Marketable equity securities 2,938 3,025
Available for sale debt securities 2,207,938 1,414,264
Held to maturity debt securities 199,759 284,563
Restricted equity securities 17,250 17,250
Loans held for sale 3,466 6,268
Loans 4,916,624 4,763,127
Allowance for credit losses (85,376) (91,847)
Total loans, net 4,831,248 4,671,280
Premises and equipment, net 78,687 83,731
Cash value of life insurance 117,857 118,870
Accrued interest receivable 19,292 20,004
Goodwill 220,872 220,872
Other intangible assets, net 12,369 17,833
Operating leases, right-of-use 25,665 27,846
Other assets 109,025 84,172
Total assets 8,614,787 7,639,529
Deposits:    
Noninterest-bearing demand 2,979,882 2,581,517
Interest-bearing 4,387,277 3,924,417
Total deposits 7,367,159 6,505,934
Accrued interest payable 928 1,362
Operating lease liability 26,280 27,973
Other liabilities 112,070 94,597
Other borrowings 50,087 26,914
Junior subordinated debt 58,079 57,635
Total liabilities 7,614,603 6,714,415
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, no par value: 1,000,000 shares authorized; zero issued and outstanding at December 31, 2021 and 2020 0 0
Common stock, no par value: 50,000,000 shares authorized; issued and outstanding: 29,730,424 and 29,727,214 at December 31, 2021 and 2020, respectively 532,244 530,835
Retained earnings 466,959 381,999
Accumulated other comprehensive income, net of tax 981 12,280
Total shareholders’ equity 1,000,184 925,114
Total liabilities and shareholders’ equity $ 8,614,787 $ 7,639,529