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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 81,643 $ 66,949
Interest earning deposits 14,561 43,748
Total cash and cash equivalents 96,204 110,697
Securities available for sale, at estimated fair value (amortized cost of $2,500,696 and $2,306,741, respectively) 2,633,519 2,358,597
Securities held to maturity (estimated fair value of $125,381) 115,089  
Securities held to maturity (estimated fair value of $138,879)   134,863
Federal Home Loan Bank stock, at cost 35,860 50,087
Equity investments 12,083 12,331
Loans held for sale 8,686 383
Loans:    
Loans 3,789,975 3,568,204
Less: Allowance for loan losses (55,110) (24,797)
Total loans 3,734,865 3,543,407
Premises and equipment, net 147,169 143,912
Operating lease right-of-use assets 16,616 9,755
Goodwill 201,116 201,116
Other intangible assets, net 10,569 13,361
Interest receivable 30,439 28,452
Unsettled issuances of brokered certificates of deposit 0 20,000
Bank owned life insurance 114,928 100,498
Other assets 33,817 21,454
Total assets 7,190,960 6,748,913
Deposits:    
Noninterest bearing 1,363,228 1,040,112
Interest bearing 3,739,798 3,662,657
Total deposits 5,103,026 4,702,769
Other borrowings 41,568 28,358
Federal Home Loan Bank borrowings 952,944 972,744
Subordinated notes, net of unamortized debt issuance costs [1] 98,708 98,576
Trust preferred subordinated debentures, net of unamortized debt issuance costs 60,254 60,250
Deferred tax liability, net 9,610 4,823
Unsettled trades to purchase securities 7,294 17,538
Operating lease liabilities 17,910 10,174
Other liabilities 60,498 49,101
Total liabilities 6,351,812 5,944,333
Off-balance-sheet arrangements, commitments and contingencies (Note 12)
Shareholders’ equity:    
Common stock:  ($1.25 par value, 80,000,000 shares authorized, 37,922,002 shares issued at September 30, 2020 and 37,887,662 shares issued at December 31, 2019) 47,402 47,360
Paid-in capital 770,639 766,718
Retained earnings 93,916 80,274
Treasury stock: (shares at cost, 4,849,881 at September 30, 2020 and 4,064,405 at December 31, 2019) (119,080) (94,008)
Accumulated other comprehensive income 46,271 4,236
Total shareholders’ equity 839,148 804,580
Total liabilities and shareholders’ equity $ 7,190,960 $ 6,748,913
[1] This debt consists of subordinated notes with a remaining maturity greater than one year that qualify under the risk-based capital guidelines as Tier 2 capital, subject to certain limitations.