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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 180,607 $ 120,748
Interest bearing deposits with other banks 610,636 81,192
Total cash and cash equivalents 791,243 201,940
Time deposits with other banks 3,236 3,236
Debt securities:    
Securities available-for-sale (at fair value) 2,015,967 1,871,742
Securities held-to-maturity (fair value $618.8 million at March 31, 2023 and $617.7 million at December 31, 2022) 737,911 747,408
Total debt securities 2,753,878 2,619,150
Loans held for sale (at fair value) 2,838 3,151
Loans 10,134,395 8,144,724
Less: Allowance for credit losses (155,640) (113,895)
Loans, net of allowance for credit losses 9,978,755 8,030,829
Bank premises and equipment, net 116,522 116,892
Other real estate owned 7,756 2,301
Goodwill 728,396 480,319
Other intangible assets, net 117,409 75,451
Bank owned life insurance 292,545 237,824
Net deferred tax assets 124,301 94,457
Other assets 338,529 280,212
Total Assets 15,255,408 12,145,762
Liabilities    
Deposits 12,309,701 9,981,595
Securities sold under agreements to repurchase, maturing within 30 days 267,606 172,029
Federal Home Loan Bank ("FHLB") borrowings 385,000 150,000
Subordinated debt 105,804 84,533
Other liabilities 136,213 149,830
Total Liabilities 13,204,324 10,537,987
Shareholders' Equity    
Common stock, par value $0.10 per share, authorized 120,000,000 shares, issued 85,093,864 and outstanding 84,609,320 at March 31, 2023, and authorized 120,000,000, issued 72,099,136 and outstanding 71,617,852 shares at December 31, 2022 8,461 7,162
Additional paid-in-capital 1,803,898 1,377,802
Retained earnings 421,271 423,863
Less: Treasury stock (13,113) (13,019)
Total shareholders' equity, before accumulated other comprehensive (loss) income, net 2,220,517 1,795,808
Accumulated other comprehensive loss, net (169,433) (188,033)
Total Shareholders' Equity 2,051,084 1,607,775
Total Liabilities and Shareholders' Equity $ 15,255,408 $ 12,145,762