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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 187,886 $ 195,440
Short-term investments and interest-bearing deposits 1,294,379 966,962
Securities available-for-sale (amortized cost of $1,629,357 at June 30, 2023 and $1,622,173 at December 31, 2022) 1,487,321 1,473,348
Loans 18,952,794 18,254,024
Less: Allowance for loan losses (155,109) (146,485)
Unamortized deferred loan fees, net (9,497) (6,641)
Loans, net 18,788,188 18,100,898
Equity securities 37,674 22,158
Federal Home Loan Bank stock 25,242 17,250
Other real estate owned, net 4,067 4,067
Affordable housing investments and alternative energy partnerships, net 323,984 327,128
Premises and equipment, net 92,090 94,776
Customers’ liability on acceptances 4,364 2,372
Accrued interest receivable 86,211 82,428
Goodwill 375,696 375,696
Other intangible assets, net 4,992 5,757
Right-of-use assets - operating leases 31,399 29,627
Other assets 284,945 250,069
Total assets 23,028,438 21,947,976
Deposits:    
Non-interest-bearing demand deposits 3,561,237 4,168,989
Interest-bearing deposits:    
NOW deposits 2,404,470 2,509,736
Money market deposits 3,033,868 3,812,724
Savings deposits 1,131,602 1,000,460
Time deposits 8,965,826 7,013,370
Total deposits 19,097,003 18,505,279
Advances from the Federal Home Loan Bank 815,000 485,000
Other borrowings of affordable housing investments 22,428 22,600
Long-term debt 119,136 119,136
Acceptances outstanding 4,364 2,372
Lease liabilities - operating leases 33,870 32,518
Other liabilities 333,966 307,031
Total liabilities 20,425,767 19,473,936
Commitments and contingencies
Stockholders’ Equity    
Common stock, $0.01 par value, 100,000,000 shares authorized; 91,286,722 issued and 72,563,169 outstanding at June 30, 2023, and 91,090,614 issued and 72,742,151 outstanding at December 31, 2022 913 911
Additional paid-in-capital 983,233 981,119
Accumulated other comprehensive income/(loss), net (99,049) (102,295)
Retained earnings 2,384,817 2,244,856
Treasury stock, at cost (18,723,553 shares at June 30, 2023, and 18,348,463 shares at December 31, 2022) (667,243) (650,551)
Total equity 2,602,671 2,474,040
Total liabilities and equity $ 23,028,438 $ 21,947,976