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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 238,750 $ 86,630
Interest bearing deposits with other banks 498,979 317,458
Total cash and cash equivalents 737,729 404,088
Time deposits with other banks 0 750
Securities available-for-sale (at fair value) 1,644,319 1,398,157
Securities held-to-maturity (fair value $627.4 million in 2021 and $192.2 million in 2020) 638,640 184,484
Total debt securities 2,282,959 1,582,641
Loans held for sale (at fair value) 31,791 68,890
Loans 5,925,029 5,735,349
Less: Allowance for credit losses (83,315) (92,733)
Loans, net of allowance for credit losses 5,841,714 5,642,616
Bank premises and equipment, net 72,404 75,117
Other real estate owned 13,618 12,750
Goodwill 252,154 221,176
Other intangible assets, net 14,845 16,745
Bank owned life insurance 205,041 131,776
Net deferred tax assets 27,321 23,629
Other assets 201,857 162,214
Total Assets 9,681,433 8,342,392
Deposits    
Noninterest demand 3,075,534 2,289,787
Interest-bearing demand 1,890,212 1,566,069
Savings 895,019 689,179
Money market 1,651,881 1,556,370
Other time deposits 404,601 425,878
Brokered time certificates 0 233,815
Time certificates of more than $250,000 150,342 171,463
Total Deposits 8,067,589 6,932,561
Securities sold under agreements to repurchase, maturing within 30 days 121,565 119,609
Subordinated debt 71,646 71,365
Other liabilities 109,897 88,455
Total Liabilities 8,370,697 7,211,990
Commitments and Contingencies (See “Note 9 - Borrowings” and “Note 15 - 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 58,909,369 and outstanding 58,504,250 shares in 2021 and authorized 120,000,000 shares, issued 55,584,979 and outstanding 55,243,226 shares in 2020 5,850 5,524
Additional paid-in capital 963,851 856,092
Retained earnings 358,598 256,701
Less: Treasury stock (405,119 shares in 2021 and 341,753 shares in 2020), at cost (10,569) (8,285)
Total shareholders' equity, before accumulated other comprehensive income (loss), net 1,317,730 1,110,032
Accumulated other comprehensive (loss) income, net (6,994) 20,370
Total Shareholders' Equity 1,310,736 1,130,402
Total Liabilities & Shareholders' Equity $ 9,681,433 $ 8,342,392