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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets    
Cash $ 194,256 $ 223,299
Interest-bearing deposits due from banks 25,286 12,651
Total cash and cash equivalents 219,542 235,950
Investment securities available for sale, at fair value (allowance for credit losses of $0 at June 30, 2023 and $310 at December 31, 2022) 988,973 1,054,312
Investment securities held to maturity (fair value of $730,805 at June 30, 2023 and $760,455 at December 31, 2022 and allowance for credit losses of $146 at June 30, 2023 and $107 at December 31, 2022) 879,106 923,308
Equity securities, at fair value 17,429 17,283
Federal Home Loan Bank and other membership bank stock, at cost 53,103 42,483
Loans held for sale 563 536
Loans, net of deferred fees 8,101,287 7,866,050
Less: Allowance for credit losses 73,965 70,264
Total loans, net 8,027,322 7,795,786
Premises and equipment, net 55,114 55,429
Operating lease right-of-use assets 18,478 20,052
Accrued interest receivable 34,232 33,374
Goodwill 271,829 271,829
Other intangible assets 8,060 9,088
Bank owned life insurance 158,193 156,985
Other assets 166,022 167,425
Total Assets 10,897,966 10,783,840
Liabilities    
Deposits 8,444,681 8,567,471
Federal funds purchased and securities sold under agreements to repurchase 938,718 728,797
Other borrowings 25,000 25,000
Subordinated debentures 194,486 194,264
Operating lease liabilities 19,710 21,449
Other liabilities 143,669 138,272
Total Liabilities 9,766,264 9,675,253
Stockholders' Equity    
Common stock, no par value; authorized 100,000,000 shares; issued 65,159,220 shares and outstanding 65,028,185 shares at June 30, 2023 and issued 65,002,738 shares and outstanding 64,871,703 shares at December 31, 2022 856,807 855,425
Retained earnings 352,779 329,375
Treasury shares, at cost, 131,035 shares at June 30, 2023 and December 31, 2022 (1,452) (1,452)
Accumulated other comprehensive loss (76,432) (74,761)
Total Stockholders' Equity 1,131,702 1,108,587
Total Liabilities and Stockholders' Equity $ 10,897,966 $ 10,783,840