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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 91,120 $ 87,357
Interest earning deposits 110,633 21,051
Total cash and cash equivalents 201,753 108,408
Securities AFS, at estimated fair value (amortized cost of $2,655,594 and $2,437,513, respectively) 2,764,325 2,587,305
Securities HTM (estimated fair value of $95,235 and $118,198, respectively) 90,780 108,998
FHLB stock, at cost 14,375 25,259
Equity investments 11,841 11,905
Loans held for sale 1,684 3,695
Loans:    
Loans 3,645,162 3,657,779
Less:  Allowance for loan losses (35,273) (49,006)
Net loans 3,609,889 3,608,773
Premises and equipment, net 142,509 144,576
Operating lease ROU assets 15,073 15,063
Goodwill 201,116 201,116
Other intangible assets, net 6,895 9,744
Interest receivable 39,145 38,708
BOLI 131,232 115,583
Other assets 28,985 29,094
Total assets 7,259,602 7,008,227
Deposits:    
Noninterest bearing 1,644,775 1,354,815
Interest bearing 4,077,552 3,577,507
Total deposits 5,722,327 4,932,322
Other borrowings 23,219 23,172
FHLB borrowings 344,038 832,527
Subordinated notes, net of unamortized debt issuance costs [1] 98,534 197,251
Trust preferred subordinated debentures, net of unamortized debt issuance costs 60,260 60,255
Deferred tax liability, net 17,808 15,549
Unsettled trades to purchase securities 18,995 0
Operating lease liabilities 16,676 16,734
Other liabilities 45,573 55,120
Total liabilities 6,347,430 6,132,930
Off-balance-sheet arrangements, commitments and contingencies (Note 17)
Shareholders’ equity:    
Common stock:  ($1.25 par value, 80,000,000 shares authorized, 37,968,969 shares issued at December 31, 2021 and 37,934,819 shares issued at December 31, 2020) 47,461 47,419
Paid-in capital 780,501 771,511
Retained earnings 179,813 111,208
Treasury stock: (shares at cost, 5,616,917 at December 31, 2021 and 4,983,645 at December 31, 2020) (155,308) (123,921)
AOCI 59,705 69,080
Total shareholders’ equity 912,172 875,297
Total liabilities and shareholders’ equity $ 7,259,602 $ 7,008,227
[1] This debt consists of subordinated notes with a remaining maturity greater than one year that qualify under the risk-based capital guidelines as Tier 2 capital, subject to certain limitations.