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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks, noninterest-bearing $ 100,891 $ 101,133
Due from banks, interest-bearing 136,964 169,185
Total cash and cash equivalents 237,855 270,318
Securities available for sale 2,189,379 2,314,493
Securities held to maturity (fair values of $449,623 in 2023 and $432,528 in 2022) 533,678 541,700
Presold mortgages and SBA loans in process of settlement 2,667 1,282
Loans 8,150,102 6,665,145
Allowance for credit losses on loans (109,853) (90,967)
Net loans 8,040,249 6,574,178
Premises and equipment, net 150,957 134,187
Operating right-of-use lease assets 17,063 18,733
Accrued interest receivable 37,351 29,710
Goodwill 478,750 364,263
Other intangible assets, net 32,858 12,675
Bank-owned life insurance 183,897 164,592
Other assets 210,238 198,918
Total assets 12,114,942 10,625,049
Liabilities    
Deposits: Noninterest-bearing deposits 3,379,876 3,566,003
Interest-bearing deposits 6,651,723 5,661,526
Total deposits 10,031,599 9,227,529
Borrowings 630,158 287,507
Accrued interest payable 5,699 2,738
Operating lease liabilities 17,833 19,391
Other liabilities 57,273 56,288
Total liabilities 10,742,562 9,593,453
Commitments and contingencies (see Note 12)
Shareholders’ Equity    
Preferred stock 0 0
Common stock 963,990 725,153
Retained earnings 716,420 648,418
Stock in rabbi trust assumed in acquisition (1,385) (1,585)
Rabbi trust obligation 1,385 1,585
Accumulated other comprehensive loss (308,030) (341,975)
Total shareholders’ equity 1,372,380 1,031,596
Total liabilities and shareholders’ equity $ 12,114,942 $ 10,625,049