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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Assets:    
Cash and due from banks $ 49,630 $ 57,032
Cash at Federal Reserve and other banks 439,238 711,389
Cash and cash equivalents 488,868 768,421
Investment securities:    
Marketable equity securities 2,706 2,938
Available for sale debt securities, net of allowance for credit losses of $— 2,606,065 2,207,938
Held to maturity debt securities, net of allowance for credit losses of $— 176,794 199,759
Restricted equity securities 17,250 17,250
Loans held for sale 1,216 3,466
Loans 6,113,421 4,916,624
Allowance for credit losses (97,944) (85,376)
Total loans, net 6,015,477 4,831,248
Premises and equipment, net 73,811 78,687
Cash value of life insurance 132,857 117,857
Accrued interest receivable 25,861 19,292
Goodwill 307,942 220,872
Other intangible assets, net 20,074 12,369
Operating leases, right-of-use 27,154 25,665
Other assets 224,536 109,025
Total assets 10,120,611 8,614,787
Deposits:    
Noninterest-bearing demand 3,604,237 2,979,882
Interest-bearing 5,152,538 4,387,277
Total deposits 8,756,775 7,367,159
Accrued interest payable 755 928
Operating lease liability 29,283 26,280
Other liabilities 155,529 112,070
Other borrowings 35,089 50,087
Junior subordinated debt 101,003 58,079
Total liabilities 9,078,434 7,614,603
Commitments and contingencies (Note 9)
Shareholders’ equity:    
Preferred stock, no par value: 1,000,000 shares authorized, zero issued and outstanding at June 30, 2022 and December 31, 2021 0 0
Common stock, no par value: 50,000,000 shares authorized; 33,350,974 and 29,730,424 issued and outstanding at June 30, 2022 and December 31, 2021, respectively 696,441 532,244
Retained earnings 491,705 466,959
Accumulated other comprehensive (loss) income, net of tax (145,969) 981
Total shareholders’ equity 1,042,177 1,000,184
Total liabilities and shareholders’ equity $ 10,120,611 $ 8,614,787