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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 168,738 $ 167,511
Interest bearing deposits with other banks 580,787 279,671
Total cash and cash equivalents 749,525 447,182
Time deposits with other banks 7,856 5,857
Debt securities:    
Securities available-for-sale (at fair value) 1,967,204 1,836,020
Securities held-to-maturity (fair value $527.3 million at June 30, 2024 and $558.4 million at December 31, 2023) 658,055 680,313
Total debt securities 2,625,259 2,516,333
Loans held for sale 5,975 4,391
Loans 10,038,508 10,062,940
Allowance for credit losses (141,641) (148,931)
Loans, net of allowance for credit losses 9,896,867 9,914,009
Bank premises and equipment, net 109,945 113,304
Other real estate owned 6,877 7,560
Goodwill 732,417 732,417
Other intangible assets, net 83,445 95,645
Bank owned life insurance 303,816 298,974
Net deferred tax assets 108,852 113,232
Other assets 321,779 331,345
Total Assets 14,952,613 14,580,249
Liabilities    
Deposits 12,116,118 11,776,935
Securities sold under agreements to repurchase 262,103 374,573
Federal Home Loan Bank (“FHLB”) borrowings 180,000 50,000
Long-term debt, net 106,634 106,302
Other liabilities 157,377 164,353
Total Liabilities 12,822,232 12,472,163
Shareholders’ Equity    
Common stock, par value $0.10 per share, authorized 120,000,000 shares, issued 86,003,198 and outstanding 85,299,154 at June 30, 2024, and authorized 120,000,000, issued 85,480,183 and outstanding 84,861,498 shares at December 31, 2023 8,530 8,486
Additional paid-in-capital 1,815,800 1,808,883
Retained earnings 492,805 467,305
Treasury stock (18,744) (16,710)
Total shareholders' equity, before accumulated other comprehensive (loss) income, net 2,298,391 2,267,964
Accumulated other comprehensive loss, net (168,010) (159,878)
Total Shareholders’ Equity 2,130,381 2,108,086
Total Liabilities and Shareholders’ Equity $ 14,952,613 $ 14,580,249