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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Assets:    
Cash and cash equivalents $ 127,259 $ 120,541
Investment securities available-for-sale (amortized cost of $1,018,774 and $1,161,633 at December 31, 2018 and 2017, respectively) 994,065 1,149,534
Investment securities held-to-maturity (fair value of $68,595 and $73,781 at December 31, 2018 and 2017, respectively) 70,438 74,576
Equity securities at fair value 14,228 20,794
Stock in Federal Home Loan Bank and Federal Reserve Bank 49,263 59,973
Loans held for sale 2,812 4,697
Total loans 6,893,158 6,505,028
Less: Allowance for loan losses 75,312 74,742
Net loans 6,817,846 6,430,286
Other real estate owned (“OREO”) 401 0
Premises and equipment, net 45,412 37,640
Goodwill 57,607 75,598
Intangible assets, net 12,227 16,083
Fees receivable 5,101 11,154
Accrued interest receivable 24,366 22,322
Deferred income taxes, net 26,638 29,031
Other assets 246,962 259,515
Total assets 8,494,625 8,311,744
Liabilities:    
Deposits 6,781,170 6,510,246
Securities sold under agreements to repurchase 36,928 32,169
Federal funds purchased 250,000 30,000
Federal Home Loan Bank borrowings 420,144 693,681
Junior subordinated debentures 106,363 106,363
Other liabilities 143,540 135,880
Total liabilities 7,738,145 7,508,339
Redeemable Noncontrolling Interests 2,526 17,461
Shareholders’ Equity:    
Preferred stock, $1.00 par value; authorized: 2,000,000 shares; Series D, 6.95% Non-Cumulative Perpetual, issued and outstanding: zero shares at December 31, 2018 and 50,000 shares at December 31, 2017; liquidation preference: $1,000 per share 0 47,753
Common stock, $1.00 par value; authorized: 170,000,000 shares; issued and outstanding: 83,655,651 shares at December 31, 2018 and 84,208,538 shares at December 31, 2017 83,656 84,208
Additional paid-in capital 600,196 607,929
Retained earnings 87,821 49,526
Accumulated other comprehensive income/ (loss) (17,719) (8,658)
Total Company’s shareholders’ equity 753,954 780,758
Noncontrolling interests 0 5,186
Total shareholders’ equity 753,954 785,944
Total liabilities, redeemable noncontrolling interests and shareholders’ equity $ 8,494,625 $ 8,311,744