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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 12,655 $ 12,886
Federal funds sold 33,927 20,391
Interest bearing deposits with banks and other short-term investments 265,272 1,680,945
Investment securities available-for-sale, at fair value (net of allowance for credit losses of $17 and $620 as of December 31, 2022 and December 31, 2021, respectively). 1,598,666 2,623,408
Investment securities held-to-maturity (fair value of $968,707, and $0, net of allowance for credit losses of $766 and $0, as of December 31, 2022 and December 31, 2021, respectively) 1,093,374 0
Federal Reserve and Federal Home Loan Bank stock 65,067 34,153
Loans held for sale 6,734 47,218
Loans 7,635,632 7,065,598
Less allowance for credit losses (74,444) (74,965)
Total recorded investment in loans 7,561,188 6,990,633
Premises and equipment, net 13,475 14,557
Operating lease right-of-use assets 24,544 30,555
Deferred income taxes 96,567 43,174
Bank owned life insurance 110,998 108,789
Goodwill and intangible assets, net 104,233 104,255
Other real estate owned 1,962 1,635
Other assets 162,192 134,711
Total Assets 11,150,854 11,847,310
Deposits:    
Noninterest bearing demand 3,150,751 3,277,956
Interest bearing transaction 1,138,235 777,255
Savings and money market 3,640,697 5,197,247
Time deposits 783,499 729,082
Total deposits 8,713,182 9,981,540
Customer repurchase agreements 35,100 23,918
Other short-term borrowings 975,001 300,000
Long-term borrowings 69,794 69,670
Operating lease liabilities 29,267 35,501
Reserve for unfunded commitments 5,857 4,379
Other liabilities 94,332 81,527
Total Liabilities 9,922,533 10,496,535
Shareholders’ Equity    
Common stock, par value $0.01 per share; shares authorized 100,000,000, shares issued and outstanding 31,346,903 and 31,950,092, respectively 310 316
Additional paid in capital 412,303 434,640
Retained earnings 1,015,215 930,061
Accumulated other comprehensive (loss) (199,507) (14,242)
Total Shareholders’ Equity 1,228,321 1,350,775
Total Liabilities and Shareholders’ Equity $ 11,150,854 $ 11,847,310