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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Assets:    
Cash and cash equivalents $ 61,714,000 $ 292,479,000
Investment securities available-for-sale (amortized cost of $961,351 and $966,900 at March 31, 2020 and December 31, 2019, respectively) 993,166,000 978,284,000
Investment securities held-to-maturity (fair value of $46,096 and $47,949 at March 31, 2020 and December 31, 2019, respectively) 45,395,000 48,212,000
Equity securities at fair value 23,080,000 18,810,000
Stock in Federal Home Loan Bank and Federal Reserve Bank 45,273,000 39,078,000
Loans held for sale 7,671,000 7,386,000
Total loans 7,043,338,000 6,976,704,000
Less: Allowance for loan losses 68,211,000 71,982,000
Net loans 6,975,127,000 6,904,722,000
Premises and equipment, net 43,544,000 44,527,000
Goodwill 57,607,000 57,607,000
Intangible assets, net 9,637,000 10,352,000
Fees receivable 4,249,000 4,095,000
Accrued interest receivable 24,054,000 24,175,000
Deferred income taxes, net 5,630,000 11,383,000
Right-of-use assets 98,896,000 102,075,000
Other assets 351,283,000 287,316,000
Total assets 8,746,326,000 8,830,501,000
Liabilities:    
Deposits 6,835,572,000 7,241,476,000
Securities sold under agreements to repurchase 45,319,000 53,398,000
Federal funds purchased 145,000,000 0
Federal Home Loan Bank borrowings 491,254,000 350,829,000
Junior subordinated debentures 106,363,000 106,363,000
Lease liabilities 113,574,000 117,214,000
Other liabilities 180,452,000 140,820,000
Total liabilities 7,917,534,000 8,010,100,000
Redeemable Noncontrolling Interests 0 1,383,000
Shareholders’ Equity:    
Common stock, $1.00 par value; authorized: 170,000,000 shares; issued and outstanding: 81,800,486 shares at March 31, 2020 and 83,265,674 shares at December 31, 2019 81,800,000 83,266,000
Additional paid-in capital 593,167,000 600,708,000
Retained earnings 131,761,000 127,469,000
Accumulated other comprehensive income/(loss) 22,064,000 7,575,000
Total shareholders’ equity 828,792,000 819,018,000
Total liabilities, redeemable noncontrolling interests and shareholders’ equity $ 8,746,326,000 $ 8,830,501,000