XML 21 R6.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 86,630 $ 89,843
Interest bearing deposits with other banks 317,458 34,688
Total cash and cash equivalents 404,088 124,531
Time deposits with other banks 750 3,742
Securities available-for-sale (at fair value) 1,398,157 946,855
Securities held-to-maturity (fair value $192.2 million in 2020 and $262.2 million in 2019) 184,484 261,369
Total debt securities 1,582,641 1,208,224
Loans held for sale (at fair value) 68,890 20,029
Loans 5,735,349 5,198,404
Less: Allowance for credit losses (92,733) (35,154)
Loans, net of allowance for credit losses 5,642,616 5,163,250
Bank premises and equipment, net 75,117 66,615
Other real estate owned 12,750 12,390
Goodwill 221,176 205,286
Other intangible assets, net 16,745 20,066
Bank owned life insurance 131,776 126,181
Net deferred tax assets 23,629 16,457
Other assets 162,214 141,740
Total Assets 8,342,392 7,108,511
Deposits    
Noninterest demand 2,289,787 1,590,493
Interest-bearing demand 1,566,069 1,181,732
Savings 689,179 519,152
Money market 1,556,370 1,108,363
Other time deposits 425,878 504,837
Brokered time certificates 233,815 472,857
Time certificates of more than $250,000 171,463 207,319
Total Deposits 6,932,561 5,584,753
Securities sold under agreements to repurchase, maturing within 30 days 119,609 86,121
Federal Home Loan Bank (“FHLB”) borrowings 0 315,000
Subordinated debt 71,365 71,085
Other liabilities 88,455 65,913
Total Liabilities 7,211,990 6,122,872
Commitments and Contingencies (See “Note J - Borrowings and “Note Q - Contingent Liabilities and Commitments with Off-Balance Sheet Risk”)
Shareholders' Equity    
Common stock, par value $0.10 per share authorized 120,000,000 shares, issued 55,584,979 and outstanding 55,243,226 shares in 2020 and authorized 120,000,000 shares, issued 51,760,617 and outstanding 51,513,733 shares in 2019 5,524 5,151
Additional paid-in capital 856,092 786,242
Retained earnings 256,701 195,813
Less: Treasury stock (341,753 shares in 2020 and 246,884 shares in 2019), at cost (8,285) (6,032)
Total shareholders' equity, before accumulated other comprehensive income (loss), net 1,110,032 981,174
Accumulated other comprehensive income, net 20,370 4,465
Total Shareholders' Equity 1,130,402 985,639
Total Liabilities & Shareholders' Equity $ 8,342,392 $ 7,108,511