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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Sep. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 83,346,000 $ 87,357,000
Interest earning deposits 3,787,000 21,051,000
Total cash and cash equivalents 87,133,000 108,408,000
Securities AFS, at estimated fair value (amortized cost of $2,650,237 and $2,437,513, respectively) 2,753,104,000 2,587,305,000
Securities HTM (estimated fair value of $98,035 and $118,198, respectively) 92,479,000 108,998,000
FHLB stock, at cost 27,248,000 25,259,000
Equity investments 11,794,000 11,905,000
Loans held for sale 1,131,000 3,695,000
Loans:    
Loans 3,647,585,000 3,657,779,000
Less: Allowance for loan losses (38,022,000) (49,006,000)
Net loans 3,609,563,000 3,608,773,000
Premises and equipment, net 142,736,000 144,576,000
Operating lease ROU assets 15,394,000 15,063,000
Goodwill 201,116,000 201,116,000
Other intangible assets, net 7,553,000 9,744,000
Interest receivable 29,097,000 38,708,000
BOLI 130,522,000 115,583,000
Other assets 26,821,000 29,094,000
Total assets 7,135,691,000 7,008,227,000
Deposits:    
Noninterest bearing 1,596,781,000 1,354,815,000
Interest bearing 3,734,874,000 3,577,507,000
Total deposits 5,331,655,000 4,932,322,000
Other borrowings 20,724,000 23,172,000
FHLB borrowings 659,204,000 832,527,000
Subordinated notes, net of unamortized debt issuance costs [1] 98,500,000 197,251,000
Trust preferred subordinated debentures, net of unamortized debt issuance costs 60,259,000 60,255,000
Deferred tax liability, net 12,486,000 15,549,000
Unsettled trades to purchase securities 4,433,000 0
Operating lease liabilities 16,967,000 16,734,000
Other liabilities 53,597,000 55,120,000
Total liabilities 6,257,825,000 6,132,930,000
Off-balance-sheet arrangements, commitments and contingencies (Note 12)
Shareholders’ equity:    
Common stock:  ($1.25 par value, 80,000,000 shares authorized, 37,960,148 shares issued at September 30, 2021 and 37,934,819 shares issued at December 31, 2020) 47,450,000 47,419,000
Paid-in capital 778,600,000 771,511,000
Retained earnings 163,809,000 111,208,000
Treasury stock: (shares at cost, 5,687,226 at September 30, 2021 and 4,983,645 at December 31, 2020) (155,967,000) (123,921,000)
AOCI 43,974,000 69,080,000
Total shareholders’ equity 877,866,000 875,297,000
Total liabilities and shareholders’ equity $ 7,135,691,000 $ 7,008,227,000
[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.