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Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
CASH AND DUE FROM BANKS $ 281,354,000 $ 293,286,000
INTEREST-BEARING DEMAND DEPOSITS IN BANKS 255,237,000 37,392,000
Total cash and cash equivalents 536,591,000 330,678,000
SECURITIES AVAILABLE-FOR-SALE, at fair value (amortized cost of these securities was $5,243,681 and $6,152,348 as of December 31, 2023 and 2022, respectively) 4,732,762,000 5,474,359,000
LOANS:    
Held-for-investment, excluding PPP loans 7,148,682,000 6,441,699,000
PPP loans 109,000 169,000
Total loans held-for-investment 7,148,791,000 6,441,868,000
Less - allowance for credit losses (88,734,000) (75,834,000)
Net loans held – for -investment 7,060,057,000 6,366,034,000
Held-for-sale ($11,077 and $10,497 at fair value as of December 31, 2023 and 2022, respectively) 14,253,000 11,965,000
BANK PREMISES AND EQUIPMENT, net 151,788,000 152,973,000
INTANGIBLE ASSETS, net 314,622,000 315,534,000
OTHER ASSETS 295,521,000 322,523,000
Total assets 13,105,594,000 12,974,066,000
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Total deposits 11,138,300,000 11,005,507,000
NONINTEREST-BEARING DEPOSITS 3,435,586,000 4,061,788,000
INTEREST-BEARING DEPOSITS 7,702,714,000 6,943,719,000
Total liabilities 11,606,694,000 11,708,329,000
BORROWINGS 22,153,000 23,678,000
OTHER LIABILITIES 38,601,000 36,037,000
REPURCHASE AGREEMENTS 381,928,000 618,829,000
DIVIDENDS PAYABLE 25,712,000 24,278,000
COMMITMENTS AND CONTINGENCIES
Shareholders' equity:    
COMMON STOCK $0.01 par value; authorized 200,000,000 shares; 142,716,939 and 142,657,871 shares issued at December 31, 2023 and 2022, respectively 1,427,000 1,427,000
CAPITAL SURPLUS 681,246,000 677,593,000
RETAINED EARNINGS 1,219,525,000 1,121,945,000
TREASURY STOCK (shares at cost: 930,152 and 929,210 at December 31, 2023 and 2022, respectively) (11,855,000) (11,035,000)
DEFERRED COMPENSATION 11,855,000 11,035,000
ACCUMULATED OTHER COMPREHENSIVE EARNINGS, net (403,298,000) (535,228,000)
Total shareholders’ equity 1,498,900,000 1,265,737,000
Total liabilities and shareholders’ equity $ 13,105,594,000 $ 12,974,066,000