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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 182,743 $ 167,511
Interest bearing deposits with other banks 454,315 279,671
Total cash and cash equivalents 637,058 447,182
Time deposits with other banks 5,207 5,857
Debt securities:    
Securities available-for-sale (at fair value) 2,160,055 1,836,020
Securities held-to-maturity (fair value $538.5 million at September 30, 2024 and $558.4 million at December 31, 2023) 646,050 680,313
Total debt securities 2,806,105 2,516,333
Loans held for sale 11,039 4,391
Loans 10,205,281 10,062,940
Allowance for credit losses (140,469) (148,931)
Loans, net of allowance for credit losses 10,064,812 9,914,009
Bank premises and equipment, net 108,776 113,304
Other real estate owned 6,421 7,560
Goodwill 732,417 732,417
Other intangible assets, net 77,431 95,645
Bank owned life insurance 306,379 298,974
Net deferred tax assets 94,820 113,232
Other assets 317,906 331,345
Total Assets 15,168,371 14,580,249
Liabilities    
Deposits 12,243,585 11,776,935
Securities sold under agreements to repurchase 210,176 374,573
Federal Home Loan Bank (“FHLB”) borrowings 245,000 50,000
Long-term debt, net 106,800 106,302
Other liabilities 168,960 164,353
Total Liabilities 12,974,521 12,472,163
Shareholders’ Equity    
Common stock, par value $0.10 per share, authorized 120,000,000 shares, issued 86,142,157 and outstanding 85,441,001 at September 30, 2024, and authorized 120,000,000, issued 85,480,183 and outstanding 84,861,498 shares at December 31, 2023 8,614 8,486
Additional paid-in capital 1,821,050 1,808,883
Retained earnings 508,036 467,305
Treasury stock (18,680) (16,710)
Total shareholders' equity, before accumulated other comprehensive (loss) income, net 2,319,020 2,267,964
Accumulated other comprehensive loss, net (125,170) (159,878)
Total Shareholders’ Equity 2,193,850 2,108,086
Total Liabilities and Shareholders’ Equity $ 15,168,371 $ 14,580,249