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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Cash and cash equivalents:    
Cash and due from banks $ 216,106 $ 129,444
Interest-bearing deposits 536,246 568,215
Total cash and cash equivalents 752,352 697,659
Debt securities available for sale 2,217,788 1,810,221
Debt securities held to maturity 802,965 826,630
Equity securities 16,171 15,862
Loans held for sale 10,497 3,657
Portfolio loans (net of ACL of $183,334 at June 30, 2025, and $83,404 at December 31, 2024) 13,625,285 7,613,683
Restricted bank stock 77,112 49,930
Premises and equipment, net 181,394 118,820
Right of use assets 38,065 10,608
Goodwill 381,794 333,695
Other intangible assets, net 106,387 32,280
Cash surrender value of bank owned life insurance 257,148 185,087
Other assets 451,782 348,590
Total assets 18,918,740 12,046,722
Deposits:    
Noninterest-bearing 3,590,363 2,719,907
Interest-bearing 12,211,409 7,262,583
Total deposits 15,801,772 9,982,490
Securities sold under agreements to repurchase 158,030 155,610
Long-term debt 86,557 0
Subordinated notes, net of unamortized issuance costs 103,169 227,723
Junior subordinated debt owed to unconsolidated trusts 77,187 74,815
Lease liabilities 39,235 11,040
Other liabilities 240,244 211,775
Total liabilities 16,506,194 10,663,453
Outstanding commitments and contingent liabilities (see Notes 5 and 11)
Stockholders’ equity    
Preferred stock, $0.001 par value: Shares - 1,000,000 authorized; 222,750 issued and outstanding, liquidation preference $222,750, at June 30, 2025; and zero issued and outstanding at December 31, 2024. 0 0
Common stock, $0.001 par value: Shares - 200,000,000 authorized, 92,694,541 issued, and 89,104,678 outstanding at June 30, 2025; and 100,000,000 authorized, 59,546,273 issued, and 56,895,981 outstanding at December 31, 2024 93 60
Additional paid-in capital 2,377,560 1,360,530
Retained earnings 273,799 294,054
AOCI (155,311) (207,039)
Total stockholders’ equity before treasury stock 2,496,141 1,447,605
Treasury stock at cost (83,595) (64,336)
Total stockholders’ equity 2,412,546 1,383,269
Total liabilities and stockholders’ equity $ 18,918,740 $ 12,046,722