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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks, including interest bearing amounts of $1,094,312 and $721,086, respectively $ 1,251,358 $ 905,447
Securities:    
Equity securities, at fair value 13,466 13,047
Available-for-sale debt securities, at fair value 3,013,462 1,978,136
Held-to-maturity debt securities (fair values of $1,028,452 and $768,183, respectively) 1,004,823 731,212
Allowance for credit losses, held-to-maturity debt securities (268) (326)
Net held-to-maturity debt securities 1,004,555 730,886
Total securities 4,031,483 2,722,069
Loans held for sale 25,277 168,378
Portfolio loans, net of unearned income 9,733,478 10,789,233
Allowance for credit losses - loans (121,622) (185,827)
Net portfolio loans 9,611,856 10,603,406
Premises and equipment, net 229,016 249,421
Accrued interest receivable 60,844 66,790
Goodwill and other intangible assets, net 1,151,634 1,163,091
Bank-owned life insurance 350,359 306,038
Other assets 215,298 240,970
Total Assets 16,927,125 16,425,610
Deposits:    
Non-interest bearing demand 4,590,895 4,070,835
Interest bearing demand 3,380,056 2,839,536
Money market 1,739,750 1,685,927
Savings deposits 2,562,510 2,214,565
Certificates of deposit 1,292,652 1,618,510
Total deposits 13,565,863 12,429,373
Federal Home Loan Bank borrowings 183,920 549,003
Other short-term borrowings 141,893 241,950
Subordinated debt and junior subordinated debt 132,860 192,291
Total borrowings 458,673 983,244
Accrued interest payable 1,901 4,314
Other liabilities 207,522 251,942
Total Liabilities 14,233,959 13,668,873
SHAREHOLDERS’ EQUITY    
Preferred stock, no par value; 1,000,000 shares authorized; 150,000 shares 6.75% non-cumulative perpetual preferred stock, Series A, liquidation preference $150,000,000, issued and outstanding at December 31, 2021 and December 31, 2020, respectively 144,484 144,484
Common stock, $2.0833 par value; 100,000,000 shares authorized; 68,081,306 shares issued; 62,307,245 and 67,254,706 shares outstanding at December 2021 and 2020, respectively 141,834 141,834
Capital surplus 1,635,642 1,634,815
Retained earnings 977,765 831,688
Treasury stock (5,774,061 and 826,600 shares in 2021 and 2020, respectively, at cost) (199,759) (25,949)
Accumulated other comprehensive income (loss) (5,120) 31,359
Deferred benefits for directors (1,680) (1,494)
Total Shareholders’ Equity 2,693,166 2,756,737
Total Liabilities and Shareholders’ Equity $ 16,927,125 $ 16,425,610