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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets:    
Cash and due from banks $ 93,485 $ 96,323
Cash at Federal Reserve and other banks 25,307 10,907
Cash and cash equivalents 118,792 107,230
Investment securities:    
Marketable equity securities 2,598 2,598
Available for sale debt securities, net of allowance for credit losses of $0 2,320,413 2,452,438
Held to maturity debt securities, net of allowance for credit losses of $0 145,117 160,983
Restricted equity securities 17,250 17,250
Loans held for sale 1,058 1,846
Financing receivable 6,520,740 6,450,447
Allowance for credit losses (117,329) (105,680)
Total loans, net 6,403,411 6,344,767
Premises and equipment, net 72,619 72,327
Cash value of life insurance 135,332 133,742
Accrued interest receivable 32,835 31,856
Goodwill 304,442 304,442
Other intangible assets, net 13,358 16,670
Operating leases, right-of-use 29,140 26,862
Other assets 257,056 257,975
Total assets 9,853,421 9,930,986
Deposits:    
Noninterest-bearing demand 3,073,353 3,502,095
Interest-bearing 5,022,012 4,826,918
Total deposits 8,095,365 8,329,013
Accrued interest payable 3,655 1,167
Operating lease liability 31,377 29,004
Other liabilities 136,464 159,741
Other borrowings 392,714 264,605
Junior subordinated debt 101,065 101,040
Total liabilities 8,760,640 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 June 30, 2023 and December 31, 2022 0 0
Common stock, no par value: 50,000,000 shares authorized; 33,259,260 and 33,331,513 issued and outstanding at June 30, 2023 and December 31, 2022, respectively 695,305 697,448
Retained earnings 578,852 542,873
Accumulated other comprehensive loss, net of tax (181,376) (193,905)
Total shareholders’ equity 1,092,781 1,046,416
Total liabilities and shareholders’ equity $ 9,853,421 $ 9,930,986