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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Cash and cash equivalents:    
Cash and due from banks $ 134,680 $ 117,513
Interest-bearing deposits 584,901 109,651
Total cash and cash equivalents 719,581 227,164
Debt securities available for sale 2,087,571 2,461,393
Debt securities held to maturity 872,628 918,312
Equity securities 9,812 11,535
Loans held for sale 2,379 1,253
Portfolio loans (net of ACL of $91,740 at December 31, 2023; $91,608 at December 31, 2022) 7,559,294 7,634,094
Premises and equipment, net 122,594 126,524
Right of use assets 11,027 12,829
Goodwill 317,873 317,873
Other intangible assets, net 35,991 46,423
Cash surrender value of bank owned life insurance 182,975 180,485
Other assets 361,690 398,792
Total assets 12,283,415 12,336,677
Deposits:    
Noninterest-bearing 2,834,655 3,393,666
Interest-bearing 7,456,501 6,677,614
Total deposits 10,291,156 10,071,280
Securities sold under agreements to repurchase 187,396 229,806
Short-term borrowings 12,000 351,054
Long-term debt 18,000 30,000
Subordinated notes, net of unamortized issuance costs 222,882 222,038
Junior subordinated debt owed to unconsolidated trusts 71,993 71,810
Lease liabilities 11,308 12,995
Other liabilities 196,699 201,717
Total liabilities 11,011,434 11,190,700
Outstanding commitments and contingent liabilities (see Notes 6 and 16)
Stockholders’ equity    
Common stock, ($0.001 par value; 100,000,000 shares authorized) 58 58
Additional paid-in capital 1,323,595 1,320,980
Retained earnings 237,197 168,769
AOCI (218,803) (273,278)
Total stockholders’ equity before treasury stock 1,342,047 1,216,529
Treasury stock at cost (70,066) (70,552)
Total stockholders’ equity 1,271,981 1,145,977
Total liabilities and stockholders’ equity $ 12,283,415 $ 12,336,677
Shares    
Common shares issued (in shares) 58,116,969 58,116,970
Less treasury shares (in shares) (2,872,850) (2,837,846)
Common shares outstanding (in shares) 55,244,119 55,279,124