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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks, including interest bearing amounts of $444,747 and $242,229, respectively $ 597,503 $ 408,411
Securities:    
Equity securities, at fair value 11,843 11,506
Available-for-sale debt securities, at fair value 2,465,996 2,529,140
Held-to-maturity debt securities (fair values of $1,107,685 and $1,084,390, respectively) 1,239,247 1,248,629
Allowance for credit losses, held-to-maturity debt securities (212) (220)
Net held-to-maturity debt securities 1,239,035 1,248,409
Total securities 3,716,874 3,789,055
Loans held for sale 12,722 8,249
Portfolio loans, net of unearned income 10,888,688 10,702,728
Allowance for credit losses - loans (118,698) (117,790)
Net portfolio loans 10,769,990 10,584,938
Premises and equipment, net 224,940 220,892
Accrued interest receivable 69,232 68,522
Goodwill and other intangible assets, net 1,139,054 1,141,355
Bank-owned life insurance 354,320 352,361
Other assets 389,991 358,122
Total Assets 17,274,626 16,931,905
Deposits:    
Non-interest bearing demand 4,478,954 4,700,438
Interest bearing demand 3,107,112 3,119,807
Money market 1,618,204 1,684,023
Savings deposits 2,784,780 2,741,004
Certificates of deposit 884,146 885,818
Total deposits 12,873,196 13,131,090
Federal Home Loan Bank borrowings 1,280,000 705,000
Other short-term borrowings 111,176 135,069
Subordinated debt and junior subordinated debt 281,629 281,404
Total borrowings 1,672,805 1,121,473
Accrued interest payable 7,669 4,593
Other liabilities 245,499 248,087
Total Liabilities 14,799,169 14,505,243
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 March 31, 2023 and December 31, 2022, respectively 144,484 144,484
Common stock, $2.0833 par value; 100,000,000 shares authorized; 68,081,306 shares issued; 59,246,569 and 59,198,963 shares outstanding at March 31, 2023 and December 31, 2022, respectively 141,834 141,834
Capital surplus 1,636,061 1,635,877
Retained earnings 1,096,924 1,077,675
Treasury stock (8,834,737 and 8,882,343 shares - at cost, respectively) (307,507) (308,964)
Accumulated other comprehensive loss (234,399) (262,416)
Deferred benefits for directors (1,940) (1,828)
Total Shareholders' Equity 2,475,457 2,426,662
Total Liabilities and Shareholders' Equity $ 17,274,626 $ 16,931,905