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Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 165,331,000 $ 178,861,000
Interest-earning deposits with banks 55,985,000 45,469,000
Securities    
Trading 4,759,000 4,987,000
Equity 22,858,000 22,510,000
Debt Securities, Available-for-Sale, Excluding Accrued Interest 1,272,831,000 1,334,256,000
Held to maturity (fair value $1,383,621 and $1,417,608) 1,545,267,000 1,569,107,000
Total securities 2,845,715,000 2,930,860,000
Loans held for sale (at fair value) 11,340,000 6,368,000
Loans    
Total loans 14,330,594,000 [1] 14,278,070,000
Less: allowance for credit losses (146,948,000) [2] (142,222,000)
Net loans 14,183,646,000 14,135,848,000
Federal Home Loan Bank stock 46,304,000 43,557,000
Bank premises and equipment, net 192,563,000 193,049,000
Goodwill 985,072,000 985,072,000
Other intangible assets 16,626,000 18,190,000
Cash surrender value of life insurance policies 298,352,000 297,387,000
Other assets 523,679,000 512,712,000
Total assets 19,324,613,000 19,347,373,000
Deposits    
Noninterest-bearing demand deposits 4,469,820,000 4,567,083,000
Savings and interest checking accounts 5,196,195,000 5,298,913,000
Money market 2,944,221,000 2,818,072,000
Time certificates of deposit 2,432,985,000 2,181,479,000
Total deposits 15,043,221,000 14,865,547,000
Borrowings    
Federal Home Loan Bank borrowings 962,535,000 1,105,541,000
Junior Subordinated Notes 62,858,000 62,858,000
Subordinated Debt   49,980,000
Total borrowings 1,025,393,000 1,218,379,000
Other liabilities 371,791,000 368,196,000
Total liabilities 16,440,405,000 16,452,122,000
Commitments and contingencies 0 0
Stockholders' equity    
Preferred stock, $0.01 par value, authorized: 1,000,000 shares, outstanding: none 0 0
Common stock, $0.01 par value, authorized: 75,000,000 shares, issued and outstanding: 42,452,457 shares at March 31, 2024 and 42,873,187 shares at December 31, 2023 (includes 215,412 and 162,812 shares of unvested participating restricted stock awards, respectively) 422,000 427,000
Value of shares held in rabbi trust at cost: 82,042 shares at March 31, 2024 and 80,222 shares at December 31, 2023 (3,403,000) (3,298,000)
Deferred compensation and other retirement benefit obligations 3,403,000 3,298,000
Additional paid in capital 1,902,063,000 1,932,163,000
Retained earnings 1,101,061,000 1,077,488,000
Accumulated other comprehensive loss, net of tax (119,338,000) (114,827,000)
Total stockholders’ equity 2,884,208,000 2,895,251,000
Total liabilities and stockholders' equity 19,324,613,000 19,347,373,000
Commercial And Industrial [Member]    
Loans    
Total loans 1,580,041,000 [1] 1,579,986,000
Less: allowance for credit losses (20,489,000) [2] (19,243,000)
Commercial Real Estate [Member]    
Loans    
Total loans 8,108,836,000 [1] 8,041,508,000
Less: allowance for credit losses (77,929,000) [2] (74,148,000)
Construction Loans [Member]    
Loans    
Total loans 828,900,000 [1] 849,586,000
Less: allowance for credit losses (7,573,000) [2] (7,683,000)
Small Business [Member]    
Loans    
Total loans 261,690,000 [1] 251,956,000
Less: allowance for credit losses (4,028,000) [2] (3,963,000)
Residential Real Estate [Member]    
Loans    
Total loans 2,420,705,000 [1] 2,424,754,000
Less: allowance for credit losses (24,180,000) [2] (23,637,000)
Home Equity Loan [Member]    
Loans    
Total loans [1] 1,100,586,000  
Less: allowance for credit losses (12,042,000) [2] (12,797,000)
Consumer Portfolio Segment [Member]    
Loans    
Total loans 29,836,000 32,654,000
Less: allowance for credit losses (707,000) [2] (751,000)
Senior Lien [Member] | Home Equity Loan [Member]    
Loans    
Total loans 507,356,000 518,706,000
Junior Lien [Member] | Home Equity Loan [Member]    
Loans    
Total loans $ 593,230,000 $ 578,920,000
[1] Loan origination dates in the tables above reflect the original origination date, or the date of a material modification of a previously originated loan.
[2] Balances of accrued interest receivable excluded from amortized cost and the calculation of allowance for credit losses amounted to $59.3 million and $52.7 million as of March 31, 2024 and March 31, 2023, respectively.