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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 57,307 $ 49,202
Interest-earning deposits with other banks 716,474 840,948
Cash and cash equivalents 773,781 890,150
Investment securities held-to-maturity (fair value $157,924 and $178,402 at March 31, 2022 and December 31, 2021, respectively) 166,339 176,983
Investment securities available-for-sale (amortized cost $372,860 and $319,474, net of allowance for credit losses of $1,275 and $929 at March 31, 2022 and December 31, 2021, respectively) 349,994 317,007
Investments in equity securities 2,569 2,999
Federal Home Loan Bank, Federal Reserve Bank and other stock, at cost 26,330 28,186
Loans held for sale 14,521 21,600
Loans and leases held for investment 5,400,786 5,310,017
Less: Allowance for credit losses, loans and leases (68,286) (71,924)
Net loans and leases held for investment 5,332,500 5,238,093
Premises and equipment, net 50,429 56,882
Operating lease right-of-use assets 30,498 30,407
Goodwill 175,510 175,510
Other intangibles, net of accumulated amortization 11,784 11,848
Bank owned life insurance 119,398 118,699
Accrued interest receivable and other assets 54,087 54,057
Total assets 7,107,740 7,122,421
LIABILITIES    
Noninterest-bearing deposits 2,136,467 2,065,423
Interest-bearing deposits 3,911,465 3,989,701
Deposits, Total 6,047,932 6,055,124
Short-term borrowings 18,976 20,106
Long-term debt 95,000 95,000
Subordinated notes 98,952 98,874
Operating lease liabilities 33,566 33,453
Accrued interest payable and other liabilities 39,459 46,070
Total liabilities 6,333,885 6,348,627
SHAREHOLDERS' EQUITY    
Common stock, $5 par value: 48,000,000 shares authorized at March 31, 2022 and December 31, 2021; 31,556,799 shares issued at March 31, 2022 and December 31, 2021; 29,636,425 and 29,500,542 shares outstanding at March 31, 2022 and December 31, 2021, respectively 157,784 157,784
Additional paid-in capital 297,945 299,181
Retained earnings 389,332 375,124
Accumulated other comprehensive loss, net of tax benefit (31,909) (16,353)
Treasury stock, at cost; 1,920,374 and 2,056,257 shares at March 31, 2022 and December 31, 2021, respectively (39,297) (41,942)
Total shareholders’ equity 773,855 773,794
Total liabilities and shareholders’ equity $ 7,107,740 $ 7,122,421