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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets:    
Cash and due from banks $ 73,322 $ 81,626
Cash at Federal Reserve and other banks 9,514 17,075
Cash and cash equivalents 82,836 98,701
Investment securities:    
Marketable equity securities 2,606 2,634
Available for sale debt securities, at fair value (amortized cost of $2,321,608 and $2,384,325) 2,073,888 2,152,504
Held to maturity debt securities, at amortized cost, net of allowance for credit losses of $0 127,811 133,494
Restricted equity securities 17,250 17,250
Loans held for sale 1,346 458
Loans 6,800,695 6,794,470
Allowance for credit losses (124,394) (121,522)
Total loans, net 6,676,301 6,672,948
Premises and equipment, net 71,001 71,347
Cash value of life insurance 137,695 136,892
Accrued interest receivable 35,783 36,768
Goodwill 304,442 304,442
Other intangible assets, net 9,522 10,552
Operating leases, right-of-use 26,240 26,133
Other assets 247,046 245,966
Total assets 9,813,767 9,910,089
Deposits:    
Noninterest-bearing demand 2,600,448 2,722,689
Interest-bearing 5,387,210 5,111,349
Total deposits 7,987,658 7,834,038
Accrued interest payable 10,224 8,445
Operating lease liability 28,299 28,261
Other liabilities 131,006 145,982
Other borrowings 392,409 632,582
Junior subordinated debt 101,120 101,099
Total liabilities 8,650,716 8,750,407
Commitments and contingencies (Note 9)
Shareholders’ equity:    
Preferred stock, no par value: 1,000,000 shares authorized, zero issued and outstanding at March 31, 2024 and December 31, 2023 0 0
Common stock, no par value: 50,000,000 shares authorized; 33,168,770 and 33,268,102 issued and outstanding at March 31, 2024 and December 31, 2023, respectively 696,464 697,349
Retained earnings 630,954 615,502
Accumulated other comprehensive loss, net of tax (164,367) (153,169)
Total shareholders’ equity 1,163,051 1,159,682
Total liabilities and shareholders’ equity $ 9,813,767 $ 9,910,089