XML 22 R3.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets:    
Cash and due from banks $ 96,323 $ 57,032
Cash at Federal Reserve and other banks 10,907 711,389
Cash and cash equivalents 107,230 768,421
Investment securities:    
Marketable equity securities 2,598 2,938
Available for sale debt securities 2,452,438 2,207,938
Held to maturity debt securities 160,983 199,759
Restricted equity securities 17,250 17,250
Loans held for sale 1,846 3,466
Loans 6,450,447 4,916,624
Allowance for credit losses (105,680) (85,376)
Total loans, net 6,344,767 4,831,248
Premises and equipment, net 72,327 78,687
Cash value of life insurance 133,742 117,857
Accrued interest receivable 31,856 19,292
Goodwill 304,442 220,872
Other intangible assets, net 16,670 12,369
Operating leases, right-of-use 26,862 25,665
Other assets 257,975 109,025
Total assets 9,930,986 8,614,787
Deposits:    
Noninterest-bearing demand 3,502,095 2,979,882
Interest-bearing 4,826,918 4,387,277
Total deposits 8,329,013 7,367,159
Accrued interest payable 1,167 928
Operating lease liability 29,004 26,280
Other liabilities 159,741 112,070
Other borrowings 264,605 50,087
Junior subordinated debt 101,040 58,079
Total liabilities 8,884,570 7,614,603
Commitments and contingencies (Note 15)
Shareholders’ equity:    
Preferred stock, no par value: 1,000,000 shares authorized; zero issued and outstanding at December 31, 2022 and 2021, respectively 0 0
Common stock, no par value: 50,000,000 shares authorized; issued and outstanding: 33,331,513 and 29,730,424 at December 31, 2022 and 2021, respectively 697,448 532,244
Retained earnings 542,873 466,959
Accumulated other comprehensive income (loss), net of tax (193,905) 981
Total shareholders’ equity 1,046,416 1,000,184
Total liabilities and shareholders’ equity $ 9,930,986 $ 8,614,787