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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 120,748 $ 238,750
Interest bearing deposits with other banks 81,192 498,979
Total cash and cash equivalents 201,940 737,729
Time deposits with other banks 3,236 0
Securities available-for-sale (at fair value) 1,871,742 1,644,319
Securities held-to-maturity (fair value $617.7 million in 2022 and $627.4 million in 2021) 747,408 638,640
Total debt securities 2,619,150 2,282,959
Loans held for sale (at fair value) 3,151 31,791
Loans 8,144,724 5,925,029
Less: Allowance for credit losses (113,895) (83,315)
Loans, net of allowance for credit losses 8,030,829 5,841,714
Bank premises and equipment, net 116,892 72,404
Other real estate owned 2,301 13,618
Goodwill 480,319 252,154
Other intangible assets, net 75,451 14,845
Bank owned life insurance 237,824 205,041
Net deferred tax assets 94,457 27,321
Other assets 280,212 201,857
Total Assets 12,145,762 9,681,433
Deposits    
Noninterest demand 4,070,973 3,075,534
Interest-bearing demand 2,337,590 1,890,212
Savings 1,064,392 895,019
Money market 1,985,974 1,651,881
Other time deposits 369,389 404,601
Brokered time certificates 3,798 0
Time certificates of more than $250,000 149,479 150,342
Total Deposits 9,981,595 8,067,589
Securities sold under agreements to repurchase, maturing within 30 days 172,029 121,565
Federal Home Loan Bank (“FHLB”) borrowings 150,000 0
Subordinated debt 84,533 71,646
Other liabilities 149,830 109,897
Total Liabilities 10,537,987 8,370,697
Commitments and Contingencies
Common stock, shares outstanding (in shares) 71,617,852 58,504,250
Shareholders' Equity    
Common stock, par value $0.10 per share authorized 120,000,000 shares, issued 72,099,136 and outstanding 71,617,852 shares in 2022 and authorized 120,000,000 shares, issued 58,909,369 and outstanding 58,504,250 shares in 2021 $ 7,162 $ 5,850
Additional paid-in capital 1,377,802 963,851
Retained earnings 423,863 358,598
Less: Treasury stock (481,284 shares in 2022 and 405,119 shares in 2021), at cost (13,019) (10,569)
Total shareholders' equity, before accumulated other comprehensive income (loss), net 1,795,808 1,317,730
Accumulated other comprehensive loss, net (188,033) (6,994)
Total Shareholders' Equity 1,607,775 1,310,736
Total Liabilities & Shareholders' Equity $ 12,145,762 $ 9,681,433
Common Stock, Shares, Issued 72,099,136 58,909,369