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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 171,615 $ 167,511
Interest-bearing deposits with other banks 304,992 279,671
Total cash and cash equivalents 476,607 447,182
Time deposits with other banks 3,215 5,857
Debt securities:    
Securities available-for-sale (at fair value) 2,226,543 1,836,020
Securities held-to-maturity (fair value $507.6 million in 2024 and $558.4 million in 2023) 635,186 680,313
Total debt securities 2,861,729 2,516,333
Loans held for sale 17,277 4,391
Loans 10,299,950 10,062,940
Allowance for credit losses (138,055) (148,931)
Loans, net of allowance for credit losses 10,161,895 9,914,009
Bank premises and equipment, net 107,555 113,304
Other real estate owned 6,421 7,560
Goodwill 732,417 732,417
Other intangible assets, net 71,723 95,645
Bank owned life insurance 308,995 298,974
Net deferred tax assets 102,989 113,232
Other assets 325,485 331,345
Total Assets 15,176,308 14,580,249
Deposits:    
Noninterest demand 3,352,372 3,544,981
Interest-bearing demand 2,667,843 2,790,210
Savings 519,977 651,454
Money market 4,086,362 3,314,288
Other time deposits 821,588 803,393
Brokered time certificates 244,351 122,347
Time certificates of more than $250,000 549,934 550,262
Total Deposits 12,242,427 11,776,935
Securities sold under agreements to repurchase, maturing within 30 days 232,071 374,573
FHLB borrowings 245,000 50,000
Long-term debt, net 106,966 106,302
Other liabilities 166,601 164,353
Total Liabilities 12,993,065 12,472,163
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 86,284,017 and outstanding 85,567,712 shares in 2024 and authorized 120,000,000 shares, issued 85,480,183 and outstanding 84,861,498 shares in 2023 8,628 8,486
Additional paid-in capital 1,824,935 1,808,883
Retained earnings 526,642 467,305
Treasury stock (716,305 shares in 2024 and 618,685 shares in 2023), at cost (19,095) (16,710)
Total shareholders' equity, before accumulated other comprehensive income (loss), net 2,341,110 2,267,964
Accumulated other comprehensive loss, net (157,867) (159,878)
Total Shareholders' Equity 2,183,243 2,108,086
Total Liabilities & Shareholders' Equity $ 15,176,308 $ 14,580,249