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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 10,076 $ 9,047
Federal funds sold 11,343 3,740
Interest-bearing deposits with banks and other short-term investments 696,453 709,897
Investment securities available-for-sale (amortized cost of $1,613,659 and $1,668,316, respectively, and allowance for credit losses of $17 and $17, respectively). 1,445,034 1,506,388
Investment securities held-to-maturity, net of allowance for credit losses of $1,957 and $1,956, respectively (fair value of $878,159 and $901,582, respectively) 1,000,732 1,015,737
Federal Reserve and Federal Home Loan Bank stock 54,678 25,748
Loans 7,982,702 7,968,695
Less: allowance for credit losses (99,684) (85,940)
Loans, net 7,883,018 7,882,755
Premises and equipment, net 9,504 10,189
Right-of-use assets - operating leases 17,679 19,129
Deferred income taxes 87,813 86,620
Bank-owned life insurance 113,624 112,921
Goodwill and other intangible assets, net 104,611 104,925
Other real estate owned 773 1,108
Other assets 177,310 176,334
Total Assets 11,612,648 11,664,538
Deposits:    
Noninterest-bearing demand 1,835,524 2,279,081
Interest-bearing transaction 1,207,566 997,448
Savings and money market 3,235,391 3,314,043
Time 2,222,958 2,217,467
Total deposits 8,501,439 8,808,039
Customer repurchase agreements 37,059 30,587
Borrowings 1,669,948 1,369,918
Operating lease liabilities 21,611 23,238
Reserve for unfunded commitments 6,045 5,590
Other liabilities 117,133 152,883
Total Liabilities 10,353,235 10,390,255
Shareholders' Equity    
Common stock, par value $0.01 per share; shares authorized 100,000,000, shares issued and outstanding 30,185,732 and 29,925,612, respectively 297 296
Additional paid-in capital 377,334 374,888
Retained earnings 1,047,550 1,061,456
Accumulated other comprehensive loss (165,768) (162,357)
Total Shareholders' Equity 1,259,413 1,274,283
Total Liabilities and Shareholders' Equity $ 11,612,648 $ 11,664,538