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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets:    
Cash and due from banks $ 77,933 $ 96,323
Cash at Federal Reserve and other banks 32,402 10,907
Cash and cash equivalents 110,335 107,230
Investment securities:    
Marketable equity securities 2,640 2,598
Available for sale debt securities, net of allowance for credit losses of $0 2,405,812 2,452,438
Held to maturity debt securities, net of allowance for credit losses of $0 152,067 160,983
Restricted equity securities 17,250 17,250
Loans held for sale 226 1,846
Loans 6,422,421 6,450,447
Allowance for credit losses (108,407) (105,680)
Total loans, net 6,314,014 6,344,767
Premises and equipment, net 72,096 72,327
Cash value of life insurance 134,544 133,742
Accrued interest receivable 31,388 31,856
Goodwill 304,442 304,442
Other intangible assets, net 15,014 16,670
Operating leases, right-of-use 30,000 26,862
Other assets 252,566 257,975
Total assets 9,842,394 9,930,986
Deposits:    
Noninterest-bearing demand 3,236,696 3,502,095
Interest-bearing 4,789,169 4,826,918
Total deposits 8,025,865 8,329,013
Accrued interest payable 1,643 1,167
Operating lease liability 32,228 29,004
Other liabilities 157,222 159,741
Other borrowings 434,140 264,605
Junior subordinated debt 101,051 101,040
Total liabilities 8,752,149 8,884,570
Commitments and contingencies (Note 9)
Shareholders’ equity:    
Preferred stock, no par value: 1,000,000 shares authorized, zero issued and outstanding at March 31, 2023 and December 31, 2022 0 0
Common stock, no par value: 50,000,000 shares authorized; 33,195,250 and 33,331,513 issued and outstanding at March 31, 2023 and December 31, 2022, respectively 695,168 697,448
Retained earnings 564,538 542,873
Accumulated other comprehensive loss, net of tax (169,461) (193,905)
Total shareholders’ equity 1,090,245 1,046,416
Total liabilities and shareholders’ equity $ 9,842,394 $ 9,930,986