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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash $ 293,366 $ 223,299
Interest-bearing deposits due from banks 27,289 12,651
Total cash and cash equivalents 320,655 235,950
Investment securities, available for sale, at estimated fair value (allowance for credit losses of $0 at December 31, 2023, and $310 at December 31, 2022) 946,282 1,054,312
Investment securities, held to maturity (estimated fair value of $702,563 at December 31, 2023, and $760,455 at December 31, 2022, and allowance for credit losses of $146 at December 31, 2023, and $107 at December 31, 2022) 836,377 923,308
Equity securities, at fair value 17,697 17,283
Federal Home Loan Bank and other membership stock, at cost 52,517 42,483
Loans held for sale 664 536
Loans, net of deferred fees 8,343,861 7,866,050
Less: Allowance for credit losses 77,163 70,264
Total loans, net 8,266,698 7,795,786
Premises and equipment, net 52,846 55,429
Operating lease right-of-use assets 16,008 20,052
Accrued interest receivable 37,508 33,374
Goodwill 271,829 271,829
Other identifiable intangible assets 7,058 9,088
Bank owned life insurance 159,862 156,985
Other assets 152,566 167,425
Total Assets 11,138,567 10,783,840
Liabilities    
Deposits 8,581,238 8,567,471
Federal funds purchased and securities sold under agreements to repurchase 714,152 728,797
Long-Term Federal Home Loan Bank Advances 325,000 25,000
Subordinated debentures 194,705 194,264
Operating lease liabilities 16,891 21,449
Other liabilities 137,212 138,272
Total Liabilities 9,969,198 9,675,253
Stockholders’ Equity    
Common stock, no par value; authorized 100,000,000 shares; issued 65,161,310 shares and outstanding 65,030,275 shares at December 31, 2023, and issued 65,002,738 shares and outstanding 64,871,703 shares at December 31, 2022 858,857 855,425
Retained earnings 376,044 329,375
Treasury shares, at cost, 131,035 shares at December 31, 2023 and December 31, 2022 (1,452) (1,452)
Accumulated other comprehensive loss (64,080) (74,761)
Total Stockholders’ Equity 1,169,369 1,108,587
Total Liabilities and Stockholders’ Equity $ 11,138,567 $ 10,783,840