Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

v3.24.1.u1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Cash and cash equivalents:    
Cash and due from banks $ 168,850 $ 196,754
Interest-bearing deposits in other banks 225,386 167,601
Federal funds sold 2,434 13,776
Total cash and cash equivalents 396,670 378,131
Securities available for sale, at fair value 2,202,216 2,231,261
Securities held to maturity, at carrying value 828,928 837,378
Restricted stock, at cost 110,272 115,472
Loans held for sale 12,200 6,710
Loans held for investment, net of deferred fees and costs 15,851,628 15,635,043
Less allowance for loan and lease losses 136,190 132,182
Total loans held for investment, net 15,715,438 15,502,861
Premises and equipment, net 90,126 90,959
Goodwill 925,211 925,211
Amortizable intangibles, net 17,288 19,183
Bank owned life insurance 455,885 452,565
Other assets 623,886 606,466
Total assets 21,378,120 21,166,197
LIABILITIES    
Noninterest-bearing demand deposits 3,845,191 3,963,181
Interest-bearing deposits 13,433,244 12,854,948
Total deposits 17,278,435 16,818,129
Securities sold under agreements to repurchase 66,405 110,833
Other short-term borrowings 600,000 810,000
Long-term borrowings 391,319 391,025
Other liabilities 493,033 479,883
Total liabilities 18,829,192 18,609,870
Commitments and contingencies
STOCKHOLDERS' EQUITY    
Preferred stock, $10.00 par value 173 173
Common stock, $1.33 par value 99,399 99,147
Additional paid-in capital 1,782,809 1,782,286
Retained earnings 1,040,845 1,018,070
Accumulated other comprehensive loss (374,298) (343,349)
Total stockholders' equity 2,548,928 2,556,327
Total liabilities and stockholders' equity $ 21,378,120 $ 21,166,197
Common shares outstanding 75,381,740 75,023,327
Common shares authorized 200,000,000 200,000,000
Preferred shares outstanding 17,250 17,250
Preferred shares authorized 500,000 500,000