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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 208,176 $ 275,554
Interest bearing deposits with other banks and other short-term investments 236,190 47,459
Cash and cash equivalents 444,366 323,013
Time deposits in other financial institutions 1,240 1,240
Securities:    
Carried at fair value (cost of $4,886,304 at March 31, 2024, and $5,100,344 at December 31, 2023) 4,418,222 4,646,891
Held to maturity, net of allowance for credit losses of $0 at both March 31, 2024, and December 31, 2023 (fair value of $813,752 at March 31, 2024, and $816,399 at December 31, 2023) 841,055 838,241
Other investments, at cost 68,524 91,277
Loans held for sale 352,744 5,071
Loans receivable:    
Held to maturity 11,644,641 12,068,645
Allowance for credit losses (123,934) (122,566)
Loans receivable, net 11,520,707 11,946,079
Premises, furniture and equipment, net 160,518 177,001
Premises, furniture and equipment held for sale 16,064 4,069
Other real estate, net 2,590 12,548
Goodwill 576,005 576,005
Core deposit intangibles, net 16,923 18,415
Cash surrender value on life insurance 197,671 197,085
Other assets 516,198 574,772
TOTAL ASSETS 19,132,827 19,411,707
Deposits:    
Demand 4,264,390 4,500,304
Savings 8,669,221 8,805,597
Time 2,368,555 2,895,813
Total deposits 15,302,166 16,201,714
Deposits held for sale 596,328 0
Borrowings 650,033 622,255
Term debt 372,652 372,396
Accrued expenses and other liabilities 232,815 282,225
TOTAL LIABILITIES 17,153,994 17,478,590
STOCKHOLDERS' EQUITY:    
Common stock (par value $1 per share; 60,000,000 shares authorized at both March 31, 2024, and December 31, 2023; issued 42,783,670 shares at March 31, 2024, and 42,688,008 shares at December 31, 2023) 42,784 42,688
Capital surplus 1,093,207 1,090,740
Retained earnings 1,178,330 1,141,501
Accumulated other comprehensive loss (446,193) (452,517)
TOTAL STOCKHOLDERS' EQUITY 1,978,833 1,933,117
TOTAL LIABILITIES AND EQUITY 19,132,827 19,411,707
Preferred Stock    
STOCKHOLDERS' EQUITY:    
Preferred stock $ 0 $ 0
Preferred stock, shares outstanding (in shares) 0 0
Series E Fixed-Rate Reset Cumulative Perpetual Preferred Stock    
STOCKHOLDERS' EQUITY:    
Preferred stock $ 110,705 $ 110,705
Preferred stock, shares outstanding (in shares) 11,500 11,500