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Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 176,930,000 $ 175,843,000
Interest-earning deposits with banks 43,198,000 177,090,000
Securities    
Trading 4,476,000 3,888,000
Equity 21,475,000 21,119,000
Debt Securities, Available-for-Sale, Excluding Accrued Interest 1,353,744,000 1,399,154,000
Held to maturity (fair value $1,384,430 and $1,524,710) 1,594,279,000 1,705,120,000
Total securities 2,973,974,000 3,129,281,000
Loans held for sale (at fair value) 3,998,000 2,803,000
Loans    
Total loans 14,224,235,000 [1] 13,928,675,000
Less: allowance for credit losses (140,569,000) [2] (152,419,000)
Net loans 14,083,666,000 13,776,256,000
Federal Home Loan Bank stock 43,878,000 5,218,000
Bank premises and equipment, net 191,560,000 196,504,000
Goodwill 985,072,000 985,072,000
Other intangible assets 19,825,000 25,068,000
Cash surrender value of life insurance policies 295,670,000 293,323,000
Other assets 550,338,000 527,716,000
Total assets 19,368,109,000 19,294,174,000
Deposits    
Noninterest-bearing demand deposits 4,796,148,000 5,441,584,000
Savings and interest checking accounts 5,398,322,000 5,898,009,000
Money market 2,852,293,000 3,343,673,000
Time certificates of deposit 2,012,763,000 1,195,741,000
Total deposits 15,059,526,000 15,879,007,000
Borrowings    
Federal Home Loan Bank borrowings 887,548,000 637,000
Junior Subordinated Notes 62,857,000 62,855,000
Subordinated Debt 49,957,000 49,885,000
Total borrowings 1,000,362,000 113,377,000
Other liabilities 422,813,000 415,089,000
Total liabilities 16,482,701,000 16,407,473,000
Commitments and contingencies 0 0
Stockholders' equity    
Preferred stock, $0.01 par value, authorized: 1,000,000 shares, outstanding: none 0 0
Common stock, $0.01 par value, authorized: 75,000,000 shares, issued and outstanding: 44,141,973 shares at September 30, 2023 and 45,641,238 shares at December 31, 2022 (includes 162,464 and 135,712 shares of unvested participating restricted stock awards, respectively) 440,000 455,000
Value of shares held in rabbi trust at cost: 81,943 shares at September 30, 2023 and 80,965 shares at December 31, 2022 (3,335,000) (3,227,000)
Deferred compensation and other retirement benefit obligations 3,335,000 3,227,000
Additional paid in capital 1,999,448,000 2,114,888,000
Retained earnings 1,046,266,000 934,442,000
Accumulated other comprehensive loss, net of tax (160,746,000) (163,084,000)
Total stockholders’ equity 2,885,408,000 2,886,701,000
Total liabilities and stockholders' equity 19,368,109,000 19,294,174,000
Commercial And Industrial [Member]    
Loans    
Total loans 1,653,003,000 [1] 1,635,103,000
Less: allowance for credit losses (16,934,000) [2] (27,559,000)
Commercial Real Estate [Member]    
Loans    
Total loans 7,896,230,000 [1] 7,760,230,000
Less: allowance for credit losses (74,402,000) [2] (77,799,000)
Construction Loans [Member]    
Loans    
Total loans 965,442,000 [1] 1,154,413,000
Less: allowance for credit losses (8,830,000) [2] (10,762,000)
Small Business [Member]    
Loans    
Total loans 245,335,000 [1] 219,102,000
Less: allowance for credit losses (3,914,000) [2] (2,834,000)
Residential Real Estate [Member]    
Loans    
Total loans 2,338,102,000 [1] 2,035,524,000
Less: allowance for credit losses (23,147,000) [2] (20,973,000)
Home Equity Loan [Member]    
Loans    
Total loans [1] 1,095,555,000  
Less: allowance for credit losses (12,546,000) [2] (11,504,000)
Consumer Portfolio Segment [Member]    
Loans    
Total loans 30,568,000 35,553,000
Less: allowance for credit losses (796,000) [2] (988,000)
Senior Lien [Member] | Home Equity Loan [Member]    
Loans    
Total loans 529,938,000 566,166,000
Junior Lien [Member] | Home Equity Loan [Member]    
Loans    
Total loans $ 565,617,000 $ 522,584,000
[1] Loan origination dates in the tables above reflect the original origination date, or the date of a material modification of a previously originated loan.(2)Loans originated as part of the Paycheck Protection Program ("PPP") established by the Coronavirus Aid, Relief and Economic Security Act (the "CARES Act") are included within commercial and industrial under the 2021 and 2020 vintage year and "pass" category as these loans are 100% guaranteed by the U.S. Government. Outstanding PPP loans totaled $5.1 million and $11.1 million as of September 30, 2023 and 2022, respectively.
[2] Balances of accrued interest receivable excluded from amortized cost and the calculation of allowance for credit losses amounted to $58.1 million and $42.7 million as of September 30, 2023 and September 30, 2022, respectively.