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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash $ 261,261 $ 223,299
Interest-bearing deposits due from banks 13,681 12,651
Total cash and cash equivalents 274,942 235,950
Investment securities available for sale, at fair value (allowance for credit losses of $160 at March 31, 2023 and $310 at December 31, 2022) 1,029,127 1,054,312
Investment securities held to maturity (fair value of $762,720 at March 31, 2023 and $760,455 at December 31, 2022 and allowance for credit losses of $157 at March 31, 2023 and $107 at December 31, 2022) 902,498 923,308
Equity securities, at fair value 17,496 17,283
Federal Home Loan Bank and other membership bank stock, at cost 45,806 42,483
Loans held for sale 0 536
Loans, net of deferred fees 7,952,553 7,866,050
Less: Allowance for credit losses 71,403 70,264
Total loans, net 7,881,150 7,795,786
Premises and equipment, net 55,556 55,429
Operating lease right-of-use assets 19,329 20,052
Accrued interest receivable 34,220 33,374
Goodwill 271,829 271,829
Other intangible assets 8,572 9,088
Bank owned life insurance 157,761 156,985
Other assets 138,955 167,425
Total Assets 10,837,241 10,783,840
Liabilities    
Deposits 8,536,943 8,567,471
Federal funds purchased and securities sold under agreements to repurchase 813,328 728,797
Other borrowings 25,000 25,000
Subordinated debentures 194,376 194,264
Operating lease liabilities 20,644 21,449
Other liabilities 120,370 138,272
Total Liabilities 9,710,661 9,675,253
Stockholders' Equity    
Common stock, no par value; authorized 100,000,000 shares; issued 65,148,180 shares and outstanding 65,017,145 shares at March 31, 2023 and issued 65,002,738 shares and outstanding 64,871,703 shares at December 31, 2022 855,657 855,425
Retained earnings 339,680 329,375
Treasury shares, at cost, 131,035 shares at March 31, 2023 and December 31, 2022 (1,452) (1,452)
Accumulated other comprehensive loss (67,305) (74,761)
Total Stockholders' Equity 1,126,580 1,108,587
Total Liabilities and Stockholders' Equity $ 10,837,241 $ 10,783,840