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ACQUISITIONS - Schedule of Assets Acquired and Liabilities Assumed (Details) - TGR Financial - USD ($)
$ in Thousands
6 Months Ended
Dec. 17, 2021
Jun. 30, 2022
Non-PCD loans    
Consideration:    
Credit loss reserve   $ 5,600
TGRF Book Value    
Assets Acquired:    
Cash and cash equivalents $ 1,145,335  
Securities AFS 147,739  
Securities held-to-maturity 71,790  
Loans, net of deferred fees 1,045,193  
Investment in FHLB stock 4,510  
Premises and equipment, net 34,199  
Goodwill and intangibles 181  
Bank owned life insurance 46,163  
Deferred taxes 3,414  
Other assets 13,562  
Total assets acquired 2,512,086  
Liabilities Assumed:    
Deposits 2,170,676  
Borrowings 177,114  
Accounts payable and other liabilities 7,386  
Total liabilities assumed 2,355,176  
Excess of assets acquired over liabilities assumed 156,910  
Total 2,512,086  
Fair Value Adjustments    
Assets Acquired:    
Cash and cash equivalents 5  
Securities AFS 109  
Securities held-to-maturity 2,115  
Loans, net of deferred fees (5,387)  
Premises and equipment, net (4,180)  
Goodwill and intangibles 129,850  
Deferred taxes 738  
Other assets (298)  
Total assets acquired 122,952  
Liabilities Assumed:    
Deposits 313  
Borrowings 1,929  
Accounts payable and other liabilities 182  
Total liabilities assumed 2,424  
Excess of assets acquired over liabilities assumed 120,528  
Total 122,952  
Fair Value    
Assets Acquired:    
Cash and cash equivalents 1,145,340  
Securities AFS 147,848  
Securities held-to-maturity 73,905  
Loans, net of deferred fees 1,039,806  
Investment in FHLB stock 4,510  
Premises and equipment, net 30,019  
Goodwill and intangibles 130,031  
Bank owned life insurance 46,163  
Deferred taxes 4,152  
Other assets 13,264  
Total assets acquired 2,635,038  
Liabilities Assumed:    
Deposits 2,170,989  
Borrowings 179,043  
Accounts payable and other liabilities 7,568  
Total liabilities assumed 2,357,600  
Excess of assets acquired over liabilities assumed 277,438  
Total 2,635,038  
Operating loss carryforwards 100  
Consideration:    
Stock issued 283,011  
Cash paid 10  
Total consideration $ 283,021