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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Cash and cash equivalents:    
Cash and due from banks $ 129,444 $ 134,680
Interest-bearing deposits 568,215 584,901
Total cash and cash equivalents 697,659 719,581
Debt securities available for sale 1,810,221 2,087,571
Debt securities held to maturity 826,630 872,628
Equity securities 15,862 9,812
Loans held for sale 3,657 2,379
Portfolio loans (net of ACL of $83,404 at December 31, 2024; $91,740 at December 31, 2023) 7,613,683 7,559,294
Restricted bank stock 49,930 6,000
Premises and equipment, net 118,820 122,594
Right of use assets 10,608 11,027
Goodwill 333,695 317,873
Other intangible assets, net 32,280 35,991
Cash surrender value of bank owned life insurance 185,087 182,975
Other assets 348,590 355,690
Total assets 12,046,722 12,283,415
Deposits:    
Noninterest-bearing 2,719,907 2,834,655
Interest-bearing 7,262,583 7,456,501
Total deposits 9,982,490 10,291,156
Securities sold under agreements to repurchase 155,610 187,396
Short-term borrowings 0 12,000
Long-term debt 0 18,000
Subordinated notes, net of unamortized issuance costs 227,723 222,882
Junior subordinated debt owed to unconsolidated trusts 74,815 71,993
Lease liabilities 11,040 11,308
Other liabilities 211,775 196,699
Total liabilities 10,663,453 11,011,434
Outstanding commitments and contingent liabilities (see Notes 7 and 18)
Stockholders’ equity    
Common stock, ($0.001 par value; 100,000,000 shares authorized) 60 58
Additional paid-in capital 1,360,530 1,323,595
Retained earnings 294,054 237,197
AOCI (207,039) (218,803)
Total stockholders’ equity before treasury stock 1,447,605 1,342,047
Treasury stock at cost (64,336) (70,066)
Total stockholders’ equity 1,383,269 1,271,981
Total liabilities and stockholders’ equity $ 12,046,722 $ 12,283,415
Shares    
Common shares issued (in shares) 59,546,273 58,116,969
Less: Treasury shares (in shares) (2,650,292) (2,872,850)
Common shares outstanding (in shares) 56,895,981 55,244,119