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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Jun. 30, 2019
ASSETS      
CASH AND DUE FROM BANKS $ 188,373 $ 231,534 $ 178,345
FEDERAL FUNDS SOLD 0 3,150 700
INTEREST-BEARING DEMAND DEPOSITS IN BANKS 196,426 47,920 128,652
Total cash and cash equivalents 384,799 282,604 307,697
INTEREST-BEARING TIME DEPOSITS IN BANKS     960
SECURITIES AVAILABLE-FOR-SALE, at fair value 4,118,863 3,413,317 3,259,492
LOANS:      
Held for investment 5,253,067 4,194,969 4,040,952
Less - allowance for loan losses (68,947) (52,499) (51,820)
Net loans held for investment 5,184,120 4,142,470 3,989,132
Held for sale ($63,293, $18,981 and $23,076 at fair value at June 30, 2020 and 2019 and December 31, 2019, respectively) 66,370 28,228 22,305
Net loans 5,250,490 4,170,698 4,011,437
BANK PREMISES AND EQUIPMENT, net 138,933 131,022 134,322
GOODWILL AND INTANGIBLE ASSETS, net 319,365 173,667 174,151
OTHER ASSETS 127,367 90,919 91,234
Total assets 10,339,817 8,262,227 7,979,293
LIABILITIES AND SHAREHOLDERS' EQUITY      
NONINTEREST-BEARING DEPOSITS 2,941,679 2,065,128 2,167,552
INTEREST-BEARING DEPOSITS 5,215,963 4,538,678 4,202,214
Total deposits 8,157,642 6,603,806 6,369,766
DIVIDENDS PAYABLE 18,462 16,306 16,294
BORROWINGS 449,224 381,356 362,005
OTHER LIABILITIES 132,040 33,562 66,480
Total liabilities 8,757,368 7,035,030 6,814,545
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY:      
Common stock – ($0.01 par value, authorized 200,000,000 shares; 142,035,396, 135,809,224 and 135,891,755 shares issued at June 30, 2020 and 2019 and December 31, 2019, respectively) 1,420 1,359 1,358
Capital surplus 666,963 450,676 448,349
Retained earnings 762,830 707,656 655,794
Treasury stock (shares at cost: 932,018, 929,441 and 927,408 at June 30, 2020 and 2019 and December 31, 2019, respectively) (8,697) (8,222) (7,823)
Deferred Compensation 8,697 8,222 7,823
Accumulated other comprehensive earnings, net of income taxes 151,236 67,506 59,247
Total shareholders' equity 1,582,449 1,227,197 1,164,748
Total liabilities and shareholders' equity $ 10,339,817 $ 8,262,227 $ 7,979,293