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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Assets    
Cash $ 641,861 $ 262,327
Interest-bearing deposits due from banks 20,774 7,763
Total cash and cash equivalents 662,635 270,090
Investment securities available for sale, at fair value (allowance for credit losses of $50 at September 30, 2021 and $2 at December 31, 2020) 529,381 855,746
Investment securities held to maturity (fair value of $686,728 at September 30, 2021 and $93,868 at December 31, 2020 and allowance for credit losses of $183 at September 30, 2021 and none at December 31, 2020) 693,562 90,766
Equity securities, at fair value 16,422 14,694
Federal Home Loan Bank and other membership bank stock, at cost 9,340 11,979
Loans held for sale 851 1,335
Loans, net of deferred fees 5,880,802 6,021,232
Less: Allowance for credit losses 57,953 71,124
Net loans 5,822,849 5,950,108
Premises and equipment, net 46,163 48,495
Operating lease right-of-use assets 14,809 16,772
Accrued interest receivable 18,182 19,339
Goodwill 156,277 156,277
Other identifiable intangible assets 2,631 3,288
Bank owned life insurance 117,073 115,115
Other assets 82,304 110,293
Total Assets 8,172,479 7,664,297
Liabilities    
Deposits 6,930,912 6,455,783
Federal funds purchased and securities sold under agreements to repurchase 111,907 169,560
Other borrowings 25,000 25,000
Subordinated debentures 187,107 118,257
Operating lease liabilities 16,105 18,183
Other liabilities 87,320 113,730
Total Liabilities 7,358,351 6,900,513
Stockholders' Equity    
Common stock, no par value; authorized 100,000,000 shares; issued 50,733,113 shares and outstanding 50,602,078 shares at September 30, 2021 and issued 50,610,681 shares and outstanding 50,479,646 shares at December 31, 2020 564,974 562,421
Retained earnings 244,092 191,418
Treasury shares, at cost, 131,035 shares at September 30, 2021 and December 31, 2020 (1,452) (1,452)
Accumulated other comprehensive income 6,514 11,397
Total Stockholders' Equity 814,128 763,784
Total Liabilities and Stockholders' Equity $ 8,172,479 $ 7,664,297