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Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Jun. 30, 2023
ASSETS      
CASH AND DUE FROM BANKS $ 263,262,000 $ 281,354,000 $ 255,018,000
FEDERAL FUNDS SOLD 2,800,000 0 0
INTEREST-BEARING DEMAND DEPOSITS IN BANKS 103,315,000 255,237,000 23,839,000
Total cash and cash equivalents 369,377,000 536,591,000 278,857,000
SECURITIES AVAILABLE-FOR-SALE, at fair value (amortized cost of these securities was $5,132,451, $5,687,352, and $5,243,681 as of June 30, 2024 and 2023, and December 31, 2023, respectively) 4,573,024,000 4,732,762,000 5,066,262,000
LOANS:      
Held-for-investment 7,519,733,000 7,148,791,000 6,777,570,000
Less-allowance for credit losses (95,170,000) (88,734,000) (86,541,000)
Net loans held-for-investment 7,424,563,000 7,060,057,000 6,691,029,000
Held-for-sale ($19,393, $18,089, and $11,077, at fair value at June 30, 2024 and 2023, and December 31, 2023, respectively) 19,668,000 14,253,000 19,220,000
BANK PREMISES AND EQUIPMENT, net 153,075,000 151,788,000 152,876,000
INTANGIBLE ASSETS, net 314,309,000 314,622,000 315,078,000
OTHER ASSETS 310,059,000 295,521,000 302,115,000
Total assets 13,164,075,000 13,105,594,000 12,825,437,000
LIABILITIES AND SHAREHOLDERS' EQUITY      
NONINTEREST-BEARING DEPOSITS 3,289,032,000 3,435,586,000 3,578,483,000
INTEREST-BEARING DEPOSITS 8,120,125,000 7,702,714,000 7,229,077,000
Total deposits 11,409,157,000 11,138,300,000 10,807,560,000
DIVIDENDS PAYABLE 25,708,000 25,712,000 25,714,000
REPURCHASE AGREEMENTS 138,950,000 381,928,000 559,479,000
BORROWINGS 23,703,000 22,153,000 28,177,000
OTHER LIABILITIES 47,531,000 38,601,000 37,274,000
Total liabilities 11,645,049,000 11,606,694,000 11,458,204,000
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY:      
COMMON STOCK - ($0.01 par value, authorized 200,000,000 shares; , 142,741,196, and 142,716,939 shares issued at June 30, 2024 and 2023, and December 31, 2023, respectively) 1,428,000 1,427,000 1,427,000
CAPITAL SURPLUS 685,209,000 681,246,000 680,676,000
RETAINED EARNINGS 1,273,946,000 1,219,525,000 1,175,410,000
TREASURY STOCK (shares at cost: 934,135, 927,608 and 930,152 at June 30, 2024 and 2023, and December 31, 2023, respectively) (12,378,000) (11,855,000) (11,466,000)
DEFERRED COMPENSATION 12,378,000 11,855,000 11,466,000
ACCUMULATED OTHER COMPREHENSIVE EARNINGS (LOSS), net (441,557,000) (403,298,000) (490,280,000)
Total shareholders' equity 1,519,026,000 1,498,900,000 1,367,233,000
Total liabilities and shareholders' equity $ 13,164,075,000 $ 13,105,594,000 $ 12,825,437,000