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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 131,970 $ 182,776
Short-term investments 670,761 945,633
Total cash and cash equivalents 802,731 1,128,409
Trading securities, at fair value 4,835 5,258
Equity securities, at fair value 647 655
Securities available for sale, at fair value 664,713 655,723
Securities held to maturity (fair values of $407,405 and $433,382) 476,756 507,658
Federal Home Loan Bank stock 25,579 19,565
Total securities 1,172,530 1,188,859
Less: Allowance for credit losses on securities held to maturity (63) (64)
Net securities 1,172,467 1,188,795
Loans held for sale 4,014 3,076
Total loans 9,498,849 9,384,994
Less: Allowance for credit losses on loans (117,344) (114,700)
Net loans 9,381,505 9,270,294
Premises and equipment, net 58,439 56,609
Other real estate owned 124 0
Intangible assets 12,809 15,064
Cash surrender value of bank-owned life insurance policies 245,861 245,789
Other assets 350,279 358,442
Assets held for sale 6,519 6,930
Total assets 12,034,748 12,273,408
Liabilities    
Demand deposits 2,296,268 2,324,879
NOW and other deposits 814,600 841,406
Money market deposits 3,153,241 3,610,521
Savings deposits 1,105,009 1,021,716
Time deposits 2,609,913 2,576,682
Total deposits 9,979,031 10,375,204
Short-term debt 360,000 103,500
Long-term Federal Home Loan Bank advances 103,861 212,982
Subordinated borrowings 121,736 121,612
Total borrowings 585,597 438,094
Other liabilities 247,809 292,686
Total liabilities 10,812,437 11,105,984
Shareholders’ equity    
Common stock ($0.01 par value; 100,000,000 shares authorized and 51,903,190 shares issued and 46,302,528 shares outstanding in 2025; 51,903,190 shares issued and 46,424,016 shares outstanding in 2024) 562 562
Additional paid-in capital - common stock 1,430,576 1,430,532
Unearned compensation (6,468) (10,106)
Retained earnings/(deficit) 36,291 (3,080)
Accumulated other comprehensive (loss) (91,240) (106,343)
Treasury stock, at cost (5,600,662 shares in 2025 and 5,479,174 shares in 2024) (147,410) (144,141)
Total shareholders’ equity 1,222,311 1,167,424
Total liabilities and shareholders’ equity $ 12,034,748 $ 12,273,408