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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 114,707,000 $ 106,143,000
Interest earning deposits 14,059,000 9,276,000
Federal funds sold 78,347,000 83,833,000
Total cash and cash equivalents 207,113,000 199,252,000
Securities AFS, at estimated fair value (amortized cost of $1,409,568 and $1,387,874, respectively) 1,339,821,000 1,299,014,000
Securities HTM (estimated fair value of $1,148,815 and $1,149,156, respectively) 1,308,472,000 1,326,729,000
FHLB stock, at cost 10,801,000 9,190,000
Equity investments 9,572,000 11,181,000
Loans held for sale 1,666,000 667,000
Loans:    
Loans 4,329,043,000 4,147,691,000
Less: Allowance for loan losses (36,303,000) (36,515,000)
Net loans 4,292,740,000 4,111,176,000
Premises and equipment, net 139,801,000 141,256,000
Operating lease ROU assets 15,273,000 15,314,000
Goodwill 201,116,000 201,116,000
Other intangible assets, net 3,702,000 4,622,000
Interest receivable 48,265,000 49,350,000
Deferred tax asset, net 29,226,000 34,695,000
Unsettled trades to sell securities 31,548,000 0
BOLI 134,951,000 133,911,000
Other assets 33,185,000 21,163,000
Total assets 7,807,252,000 7,558,636,000
Deposits:    
Noninterest bearing 1,466,756,000 1,671,562,000
Interest bearing 4,650,931,000 4,526,457,000
Total deposits 6,117,687,000 6,198,019,000
Other borrowings 500,341,000 221,153,000
FHLB borrowings 183,007,000 153,358,000
Subordinated notes, net of unamortized debt issuance costs [1] 93,796,000 98,674,000
Trust preferred subordinated debentures, net of unamortized debt issuance costs 60,267,000 60,265,000
Operating lease liabilities 17,103,000 17,070,000
Other liabilities 69,890,000 64,100,000
Total liabilities 7,042,091,000 6,812,639,000
Off-balance-sheet arrangements, commitments and contingencies (Note 12)
Shareholders’ equity:    
Common stock:  ($1.25 par value, 80,000,000 shares authorized, 38,019,238 shares issued at June 30, 2023 and 38,000,822 shares issued at December 31, 2022) 47,524,000 47,501,000
Paid-in capital 787,027,000 784,545,000
Retained earnings 268,643,000 239,610,000
Treasury stock: (shares at cost, 7,487,433 at June 30, 2023 and 6,454,192 at December 31, 2022) (222,340,000) (188,203,000)
AOCI (115,693,000) (137,456,000)
Total shareholders’ equity 765,161,000 745,997,000
Total liabilities and shareholders’ equity $ 7,807,252,000 $ 7,558,636,000
[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.