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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 167,146 $ 192,896
Interest-bearing deposits 474,154 392,305
Investment securities available for sale 2,344,551 1,919,119
Investment securities held to maturity, net of allowance for credit losses of $245 and $0 (fair value of $2,202,503 and $1,280,293) 2,179,802 1,227,668
Loans held for sale 11,187 3,966
Loans 9,241,861 9,243,174
Less: Allowance for credit losses - loans [1] (195,397) (130,648)
Net loans 9,046,464 9,112,526
Premises and equipment 105,655 111,062
Federal Home Loan Bank stock 28,736 28,736
Interest receivable 57,187 53,948
Other intangibles 25,475 28,975
Goodwill 545,385 543,918
Cash surrender value of life insurance 291,041 292,745
Other real estate owned 558 940
Tax asset, deferred and receivable 35,641 12,340
Other assets 140,167 146,066
TOTAL ASSETS 15,453,149 14,067,210
Deposits:    
Noninterest-bearing 2,709,646 2,298,138
Interest-bearing 10,022,931 9,063,472
Total deposits 12,732,577 11,361,610
Borrowings:    
Securities sold under repurchase agreements 181,577 177,102
Federal Home Loan Bank advances 334,055 389,430
Subordinated debentures and term loans 118,618 118,380
Total Borrowings 634,250 684,912
Interest payable 2,762 3,287
Other liabilities 170,989 141,756
Total Liabilities 13,540,578 12,191,565
COMMITMENTS AND CONTINGENT LIABILITIES
STOCKHOLDERS' EQUITY    
Cumulative Preferred Stock, $1,000 par value, $1,000 liquidation value: Authorized - 600 shares Issued and outstanding - 125 shares 125 125
Common Stock, $0.125 stated value: Authorized - 100,000,000 shares Issued and outstanding - 53,410,411 and 53,922,359 shares 6,676 6,740
Additional paid-in capital 985,818 1,005,366
Retained earnings 864,839 788,578
Accumulated other comprehensive income 55,113 74,836
Total Stockholders' Equity 1,912,571 1,875,645
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 15,453,149 $ 14,067,210
[1] Beginning January 1, 2021, the amount is based on the current expected credit loss methodology. Prior to January 1, 2021, the amount is based on the incurred loss methodology. See additional details in NOTE 1. NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES of these Notes to Consolidated Financial Statements.