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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 164,193 $ 120,748
Interest bearing deposits with other banks 563,690 81,192
Total cash and cash equivalents 727,883 201,940
Time deposits with other banks 2,987 3,236
Debt securities:    
Securities available-for-sale (at fair value) 1,916,231 1,871,742
Securities held-to-maturity (fair value $577.6 million at June 30, 2023 and $617.7 million at December 31, 2022) 707,812 747,408
Total debt securities 2,624,043 2,619,150
Loans held for sale (at fair value) 5,967 3,151
Loans 10,117,919 8,144,724
Less: Allowance for credit losses (159,715) (113,895)
Loans, net of allowance for credit losses 9,958,204 8,030,829
Bank premises and equipment, net 116,959 116,892
Other real estate owned 7,526 2,301
Goodwill 732,910 480,319
Other intangible assets, net 109,716 75,451
Bank owned life insurance 293,880 237,824
Net deferred tax assets 127,941 94,457
Other assets 333,916 280,212
Total Assets 15,041,932 12,145,762
Liabilities    
Deposits 12,283,267 9,981,595
Securities sold under agreements to repurchase, maturing within 30 days 290,156 172,029
Federal Home Loan Bank ("FHLB") borrowings 160,000 150,000
Subordinated debt 105,970 84,533
Other liabilities 148,507 149,830
Total Liabilities 12,987,900 10,537,987
Shareholders' Equity    
Common stock, par value $0.10 per share, authorized 120,000,000 shares, issued 85,615,136 and outstanding 85,086,269 at June 30, 2023, and authorized 120,000,000, issued 72,099,136 and outstanding 71,617,852 shares at December 31, 2022 8,509 7,162
Additional paid-in-capital 1,809,431 1,377,802
Retained earnings 437,087 423,863
Less: Treasury stock (14,171) (13,019)
Total shareholders' equity, before accumulated other comprehensive (loss) income, net 2,240,856 1,795,808
Accumulated other comprehensive loss, net (186,824) (188,033)
Total Shareholders' Equity 2,054,032 1,607,775
Total Liabilities and Shareholders' Equity $ 15,041,932 $ 12,145,762