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Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Sep. 30, 2023
ASSETS      
CASH AND DUE FROM BANKS $ 296,188,000 $ 281,354,000 $ 208,277,000
Interest-bearing demand deposits in banks 287,476,000 255,237,000 180,008,000
Total cash and cash equivalents 583,664,000 536,591,000 388,285,000
SECURITIES AVAILABLE-FOR-SALE, at fair value (amortized cost of these securities was $5,030,124, $5,463,186, and $5,243,681 as of September 30, 2024 and 2023, and December 31, 2023, respectively) 4,612,299,000 4,732,762,000 4,652,537,000
LOANS:      
Held-for-investment 7,723,191,000 7,148,791,000 6,994,696,000
Less-Allowance for credit losses (99,936,000) (88,734,000) (89,714,000)
Net loans held-for-investment 7,623,255,000 7,060,057,000 6,904,982,000
Held-for-sale ($16,513, $11,908, and $11,077, at fair value at September 30, 2024 and 2023, and December 31, 2023, respectively) 20,114,000 14,253,000 12,229,000
BANK PREMISES AND EQUIPMENT, net 151,204,000 151,788,000 152,936,000
INTANGIBLE ASSETS, net 314,152,000 314,622,000 314,850,000
OTHER ASSETS 278,244,000 295,521,000 351,599,000
Total assets 13,582,932,000 13,105,594,000 12,777,418,000
LIABILITIES AND SHAREHOLDERS' EQUITY      
NONINTEREST-BEARING DEPOSITS 3,303,143,000 3,435,586,000 3,477,553,000
INTEREST-BEARING DEPOSITS 8,452,718,000 7,702,714,000 7,238,970,000
Total deposits 11,755,861,000 11,138,300,000 10,716,523,000
DIVIDENDS PAYABLE 25,739,000 25,712,000 25,730,000
REPURCHASE AGREEMENTS 57,557,000 381,928,000 621,791,000
BORROWINGS 25,978,000 22,153,000 129,753,000
TRADE DATE PAYABLE 5,416,000 0 2,500,000
OTHER LIABILITIES 50,190,000 38,601,000 41,011,000
Total liabilities 11,920,741,000 11,606,694,000 11,537,308,000
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY:      
COMMON STOCK - $0.01 par value, authorized 200,000,000 shares; 142,906,070, 142,677,069, and 142,716,939 shares issued at September 30, 2024 and 2023, and December 31, 2023, respectively) 1,429,000 1,427,000 1,427,000
CAPITAL SURPLUS 687,065,000 681,246,000 679,374,000
RETAINED EARNINGS 1,303,514,000 1,219,525,000 1,199,243,000
TREASURY STOCK (shares at cost: 931,423, 926,723, and 930,152 at September 30, 2024 and 2023, and December 31, 2023, respectively) (12,653,000) (11,855,000) (11,658,000)
DEFERRED COMPENSATION 12,653,000 11,855,000 11,658,000
ACCUMULATED OTHER COMPREHENSIVE EARNINGS (LOSS), net (329,817,000) (403,298,000) (639,934,000)
Total shareholders' equity 1,662,191,000 1,498,900,000 1,240,110,000
Total liabilities and shareholders' equity $ 13,582,932,000 $ 13,105,594,000 $ 12,777,418,000