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Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 219,414,000 $ 187,849,000
Interest-earning deposits with banks 681,820,000 32,041,000
Securities    
Trading 4,801,000 4,245,000
Equity 21,258,000 21,204,000
Debt Securities, Available-for-Sale, Excluding Accrued Interest 1,286,318,000 1,250,944,000
Held to maturity (fair value $1,273,690 and $1,291,801) 1,382,903,000 1,434,956,000
Total securities 2,695,280,000 2,711,349,000
Loans held for sale (at fair value) 16,792,000 7,271,000
Loans    
Total loans 14,533,828,000 [1] 14,508,378,000 [2]
Less: allowance for credit losses (144,773,000) [3] (169,984,000)
Net loans 14,389,055,000 14,338,394,000
Federal Home Loan Bank stock 21,052,000 31,573,000
Bank premises and equipment, net 188,883,000 193,320,000
Goodwill 985,072,000 985,072,000
Other intangible assets 9,742,000 12,284,000
Cash surrender value of life insurance policies 305,077,000 303,965,000
Other assets 536,747,000 570,447,000
Total assets 20,048,934,000 19,373,565,000
Deposits    
Noninterest-bearing demand deposits 4,525,907,000 4,390,703,000
Savings and interest checking accounts 5,279,280,000 5,207,548,000
Money market 3,368,354,000 2,960,381,000
Time certificates of deposit 2,720,199,000 2,747,346,000
Total deposits 15,893,740,000 15,305,978,000
Borrowings    
Federal Home Loan Bank borrowings 400,500,000 638,514,000
Junior Subordinated Notes 62,861,000 62,860,000
Subordinated Debt 296,067,000 0
Total borrowings 759,428,000 701,374,000
Other liabilities 320,910,000 373,093,000
Total liabilities 16,974,078,000 16,380,445,000
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: 42,627,286 shares at June 30, 2025 and 42,500,611 shares at December 31, 2024 (includes 231,480 and 199,410 shares of unvested participating restricted stock awards, respectively) 424,000 423,000
Value of shares held in rabbi trust at cost: 76,412 shares at June 30, 2025 and 78,088 shares at December 31, 2024 (3,459,000) (3,383,000)
Deferred compensation and other retirement benefit obligations 3,459,000 3,383,000
Additional paid in capital 1,914,556,000 1,909,980,000
Retained earnings 1,217,959,000 1,172,724,000
Accumulated other comprehensive loss, net of tax (58,083,000) (90,007,000)
Total stockholders’ equity 3,074,856,000 2,993,120,000
Total liabilities and stockholders’ equity 20,048,934,000 19,373,565,000
Commercial And Industrial [Member]    
Loans    
Total loans [1] 3,215,480,000 3,047,671,000 [2]
Less: allowance for credit losses (35,309,000) [3] (27,800,000)
Commercial Real Estate [Member]    
Loans    
Total loans [1] 6,525,438,000 6,756,708,000 [2]
Less: allowance for credit losses (59,504,000) [3] (92,535,000)
Construction Loans [Member]    
Loans    
Total loans [1] 798,808,000 782,078,000 [2]
Less: allowance for credit losses (8,183,000) [3] (8,166,000)
Small Business [Member]    
Loans    
Total loans [1] 300,543,000 281,781,000 [2]
Less: allowance for credit losses (4,565,000) [3] (4,182,000)
Residential Real Estate [Member]    
Loans    
Total loans [1] 2,489,166,000 2,460,600,000 [2]
Less: allowance for credit losses (25,414,000) [3] (25,238,000)
Home Equity Loan [Member]    
Loans    
Total loans [1] 1,168,097,000 1,140,168,000 [2]
Less: allowance for credit losses (10,911,000) [3] (11,007,000)
Consumer Portfolio Segment [Member]    
Loans    
Total loans [4] 36,296,000 39,372,000 [2]
Less: allowance for credit losses (887,000) [3] (1,056,000)
Senior Lien [Member] | Home Equity Loan [Member]    
Loans    
Total loans 479,641,000 490,115,000
Junior Lien [Member] | Home Equity Loan [Member]    
Loans    
Total loans $ 688,456,000 $ 650,053,000
[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] The amount of net deferred fees/costs on originated loans included in the ending balance was $6.8 million and $6.1 million at June 30, 2025 and December 31, 2024, respectively. Net unamortized discounts on acquired loans included in the ending balance were $7.5 million and $8.1 million at June 30, 2025 and December 31, 2024, respectively.
[3] Balances of accrued interest receivable excluded from amortized cost and the calculation of allowance for credit losses amounted to $54.5 million and $59.2 million as of June 30, 2025 and June 30, 2024, respectively.
[4] Other consumer portfolio is inclusive of deposit account overdrafts recorded as loan balances. (2)The amount of net deferred fees/costs on originated loans included in the ending balance was $6.8 million and $6.1 million at June 30, 2025 and December 31, 2024, respectively. Net unamortized discounts on acquired loans included in the ending balance were $7.5 million and $8.1 million at June 30, 2025 and December 31, 2024, respectively.