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Consolidated Balance Sheets - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Mar. 31, 2023
ASSETS      
CASH AND DUE FROM BANKS $ 222,464,000 $ 281,354,000 $ 224,875,000
FEDERAL FUNDS SOLD 12,300,000 0 0
INTEREST-BEARING DEMAND DEPOSITS IN BANKS 365,397,000 255,237,000 221,336,000
Total cash and cash equivalents 600,161,000 536,591,000 446,211,000
SECURITIES AVAILABLE-FOR-SALE, at fair value (amortized cost of these securities was $5,217,517, $5,879,040, and $5,243,681 as of March 31, 2024 and 2023, and December 31, 2023, respectively) 4,658,526,000 4,732,762,000 5,298,557,000
LOANS:      
Held-for-investment 7,229,410,000 7,148,791,000 6,576,215,000
Less—allowance for credit losses (89,562,000) (88,734,000) (80,818,000)
Net loans held for investment 7,139,848,000 7,060,057,000 6,495,397,000
Held-for-sale ($15,080, $11,766 and $11,077, at fair value at March 31, 2024 and 2023, and December 31, 2023, respectively) 16,109,000 14,253,000 11,996,000
BANK PREMISES AND EQUIPMENT, net 151,953,000 151,788,000 153,718,000
INTANGIBLE ASSETS, net 314,465,000 314,622,000 315,306,000
OTHER ASSETS 310,096,000 295,521,000 286,801,000
Total assets 13,191,158,000 13,105,594,000 13,007,986,000
LIABILITIES AND SHAREHOLDERS' EQUITY      
NONINTEREST-BEARING DEPOSITS 3,348,147,000 3,435,586,000 3,890,991,000
INTEREST-BEARING DEPOSITS 7,941,661,000 7,702,714,000 7,045,427,000
Total deposits 11,289,808,000 11,138,300,000 10,936,418,000
DIVIDENDS PAYABLE 25,754,000 25,712,000 24,274,000
REPURCHASE AGREEMENTS 307,297,000 381,928,000 608,299,000
BORROWINGS 26,803,000 22,153,000 24,628,000
OTHER LIABILITIES 50,129,000 38,601,000 41,514,000
Total liabilities 11,699,791,000 11,606,694,000 11,635,133,000
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY:      
COMMON STOCK - ($0.01 par value, authorized 200,000,000 shares; 142,817,159, 142,703,531, and 142,716,939 shares issued at March 31, 2024 and 2023, and December 31, 2023, respectively) 1,428,000 1,427,000 1,427,000
CAPITAL SURPLUS 683,997,000 681,246,000 679,429,000
RETAINED EARNINGS 1,247,169,000 1,219,525,000 1,150,246,000
TREASURY STOCK (shares at cost: 931,427, 927,789 and 930,152 at March 31, 2024 and 2023, and December 31, 2023, respectively) (12,120,000) (11,855,000) (11,271,000)
DEFERRED COMPENSATION 12,120,000 11,855,000 11,271,000
ACCUMULATED OTHER COMPREHENSIVE EARNINGS (LOSS), net (441,227,000) (403,298,000) (458,249,000)
Total shareholders' equity 1,491,367,000 1,498,900,000 1,372,853,000
Total liabilities and shareholders' equity $ 13,191,158,000 $ 13,105,594,000 $ 13,007,986,000