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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
CASH AND DUE FROM BANKS $ 259,996,000 $ 281,354,000
INTEREST-BEARING DEMAND DEPOSITS IN BANKS 503,417,000 255,237,000
Total cash and cash equivalents 763,413,000 536,591,000
SECURITIES AVAILABLE-FOR-SALE, at fair value (amortized cost of these securities was $5,155,304 and $5,243,681 as of December 31, 2024 and 2023, respectively) 4,617,759,000 4,732,762,000
LOANS:    
Held-for-investment 7,913,098,000 7,148,791,000
Less - allowance for credit losses (98,325,000) (88,734,000)
Net loans held-for-investment 7,814,773,000 7,060,057,000
Held-for-sale ($7,793 and $11,007 at fair value as of December 31, 2024 and 2023, respectively) 8,235,000 14,253,000
BANK PREMISES AND EQUIPMENT, net 151,904,000 151,788,000
INTANGIBLE ASSETS, net 314,004,000 314,622,000
OTHER ASSETS 309,330,000 295,521,000
Total assets 13,979,418,000 13,105,594,000
LIABILITIES AND SHAREHOLDERS’ EQUITY    
NONINTEREST-BEARING DEPOSITS 3,348,041,000 3,435,586,000
INTEREST-BEARING DEPOSITS 8,751,133,000 7,702,714,000
Total deposits 12,099,174,000 11,138,300,000
DIVIDENDS PAYABLE 25,753,000 25,712,000
REPURCHASE AGREEMENTS 61,416,000 381,928,000
BORROWINGS 135,603,000 22,153,000
OTHER LIABILITIES 50,912,000 38,601,000
Total liabilities 12,372,858,000 11,606,694,000
COMMITMENTS AND CONTINGENCIES
Shareholders' equity:    
COMMON STOCK $0.01 par value; authorized 200,000,000 shares; 142,944,704 and 142,716,939 shares issued at December 31, 2024 and 2023, respectively 1,429,000 1,427,000
CAPITAL SURPLUS 689,338,000 681,246,000
Retained earnings 1,340,082,000 1,219,525,000
TREASURY STOCK (shares at cost: 929,735 and 930,152 at December 31, 2024 and 2023, respectively) (12,905,000) (11,855,000)
DEFERRED COMPENSATION 12,905,000 11,855,000
ACCUMULATED OTHER COMPREHENSIVE EARNINGS (LOSS), net (424,289,000) (403,298,000)
Total shareholders’ equity 1,606,560,000 1,498,900,000
Total liabilities and shareholders’ equity $ 13,979,418,000 $ 13,105,594,000