XML 13 R2.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 425.3 $ 168.6
Interest bearing deposits in banks 633.9 2,176.1
Federal funds sold 0.1 0.1
Total cash and cash equivalents 1,059.3 2,344.8
Securities Purchased under Agreements to Resell 202.2 0.0
Investment securities:    
Available-for-sale, at estimated fair value 7,741.1 4,820.5
Held-to-maturity, net of allowance for credit losses of $1.6 and $0 at June 30, 2022 and December 31, 2021 (estimated fair values of $2,860.5 and $1,667.5 at June 30, 2022 and December 31, 2021) 3,130.0 1,687.6
Total investment securities 10,871.1 6,508.1
Loans held for sale 127.4 30.1
Loans held for investment, net of deferred fees and costs 17,162.5 9,331.7
Allowance for credit losses 220.4 122.3
Net loans held for investment 16,942.1 9,209.4
Goodwill 1,099.8 621.6
Bank Owned Life Insurance 492.8 301.5
Premises and equipment, net of accumulated depreciation 442.7 299.6
Other intangibles, net of accumulated amortization 105.1 41.3
Accrued interest receivable 90.6 47.4
Mortgage servicing rights, net of accumulated amortization and impairment reserve 32.1 28.2
Other real estate owned 16.8 2.0
Deferred tax assets 176.9 0.0
Other assets 402.9 237.9
Total assets 32,061.8 19,671.9
Deposits:    
Non-interest bearing 8,295.4 5,568.3
Interest bearing 18,568.4 10,701.3
Total deposits 26,863.8 16,269.6
Securities sold under repurchase agreements 1,234.7 1,051.1
Accounts payable and accrued expenses 397.5 148.4
Accrued interest payable 4.3 3.7
Deferred tax liability, net 0.0 9.3
Long-term debt 120.4 112.4
Allowance for credit losses on off-balance sheet credit exposures 6.1 3.8
Subordinated debentures held by subsidiary trusts 163.1 87.0
Total liabilities 28,789.9 17,685.3
Stockholders’ equity:    
Preferred stock, no par value; 100,000 shares authorized; none issued and outstanding 0.0 0.0
Common stock, no par value; 150,000,000 and 100,000,000 shares authorized at June 30, 2022 and December 31, 2021; 107,758,038 shares and 62,200,456 shares issued and outstanding, respectively 2,607.9 945.0
Retained earnings 993.8 1,052.6
Accumulated other comprehensive loss, net (329.8) (11.0)
Total stockholders’ equity 3,271.9 1,986.6
Total liabilities and stockholders’ equity $ 32,061.8 $ 19,671.9