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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 148,148 $ 145,342
Short-term investments 1,055,096 540,013
Total cash and cash equivalents 1,203,244 685,355
Trading security 6,142 6,708
Marketable equity securities, at fair value 13,029 12,856
Securities available for sale, at fair value 1,022,285 1,423,200
Securities held to maturity (fair values of $476,228 in 2023 and $507,464 in 2022) 543,351 583,453
Federal Home Loan Bank stock and other restricted securities 22,689 7,219
Total securities 1,607,496 2,033,436
Less: Allowance for credit losses on investment (68) (91)
Net Securities 1,607,428 2,033,345
Loans held for sale 2,237 4,311
Total loans 9,039,686 8,335,309
Less: Allowance for credit losses on loans (105,357) (96,270)
Net loans 8,934,329 8,239,039
Premises and equipment, net 68,915 85,217
Other intangible assets 19,664 24,483
Cash surrender value of bank-owned life insurance 242,309 238,919
Other assets 341,757 348,935
Total assets 12,430,821 11,662,864
Liabilities    
Demand deposits 2,469,164 2,852,127
NOW and other deposits 858,644 1,054,596
Money market deposits 3,565,516 3,723,570
Savings deposits 1,053,810 1,063,269
Time deposits 2,686,250 1,633,707
Total deposits 10,633,384 10,327,269
Short-term debt 260,000 0
Long-term Federal Home Loan Bank advances 125,223 4,445
Subordinated notes 121,363 121,064
Total borrowings 506,586 125,509
Other liabilities 278,630 256,024
Total liabilities 11,418,600 10,708,802
Shareholders’ equity    
Common stock ($0.01 par value; 100,000,000 shares authorized and 51,903,190 shares issued and 43,500,872 shares outstanding in 2023; 100,000,000 shares authorized; 51,903,190 shares issued, and 44,361,222 shares outstanding in 2022) 528 528
Additional paid-in capital - common stock 1,423,273 1,424,183
Unearned compensation (10,109) (8,598)
Retained (deficit) (33,136) (71,428)
Accumulated other comprehensive (loss) (143,016) (181,052)
Treasury stock, at cost (8,402,318 shares in 2023 and 7,541,968 shares in 2022) (225,319) (209,571)
Total shareholders’ equity 1,012,221 954,062
Total liabilities and shareholders’ equity 12,430,821 11,662,864
Disposal Group, Held-for-sale, Not Discontinued Operations    
Assets    
Assets held for sale $ 10,938 $ 3,260