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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets:    
Cash and due from banks $ 75,332 $ 96,323
Cash at Federal Reserve and other banks 35,767 10,907
Cash and cash equivalents 111,099 107,230
Investment securities:    
Marketable equity securities 2,517 2,598
Available for sale debt securities, at fair value (amortized cost of $2,509,623 and $2,742,987) 2,174,337 2,452,438
Held to maturity debt securities, at amortized cost, net of allowance for credit losses of $0 139,058 160,983
Restricted equity securities 17,250 17,250
Loans held for sale 644 1,846
Loans 6,708,666 6,450,447
Allowance for credit losses (115,812) (105,680)
Total loans, net 6,592,854 6,344,767
Premises and equipment, net 71,760 72,327
Cash value of life insurance 136,016 133,742
Accrued interest receivable 34,595 31,856
Goodwill 304,442 304,442
Other intangible assets, net 11,768 16,670
Operating leases, right-of-use 27,363 26,862
Other assets 273,303 257,975
Total assets 9,897,006 9,930,986
Deposits:    
Noninterest-bearing demand 2,857,512 3,502,095
Interest-bearing 5,152,131 4,826,918
Total deposits 8,009,643 8,329,013
Accrued interest payable 6,688 1,167
Operating lease liability 29,527 29,004
Other liabilities 141,692 159,741
Other borrowings 537,975 264,605
Junior subordinated debt 101,080 101,040
Total liabilities 8,826,605 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 September 30, 2023 and December 31, 2022 0 0
Common stock, no par value: 50,000,000 shares authorized; 33,263,324 and 33,331,513 issued and outstanding at September 30, 2023 and December 31, 2022, respectively 696,369 697,448
Retained earnings 599,448 542,873
Accumulated other comprehensive loss, net of tax (225,416) (193,905)
Total shareholders’ equity 1,070,401 1,046,416
Total liabilities and shareholders’ equity $ 9,897,006 $ 9,930,986