Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.3.1.900
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Cash and cash equivalents:    
Cash and due from banks $ 111,323 $ 112,752
Interest-bearing deposits in other banks 29,670 19,345
Federal funds sold 1,667 1,163
Total cash and cash equivalents 142,660 133,260
Securities available for sale, at fair value 903,292 1,102,114
Securities held to maturity, at carrying value [1] 205,374  
Restricted stock, at cost 51,828 54,854
Loans held for sale 36,030 42,519
Loans held for investment, net of deferred fees and costs 5,671,462 5,345,996
Less allowance for loan losses 34,047 32,384
Net loans held for investment 5,637,415 5,313,612
Premises and equipment, net 126,028 135,247
Other real estate owned, net of valuation allowance 15,299 28,118
Core deposit intangibles, net 23,310 31,755
Goodwill 293,522 293,522
Bank owned life insurance 173,687 139,005
Other assets 84,846 84,637
Total assets 7,693,291 7,358,643
LIABILITIES    
Noninterest-bearing demand deposits 1,372,937 1,199,378
Interest-bearing deposits 4,590,999 4,439,392
Total deposits 5,963,936 5,638,770
Securities sold under agreements to repurchase 84,977 44,393
Other short-term borrowings 304,000 343,000
Long-term borrowings 291,198 299,542
Other liabilities 53,813 55,769
Total liabilities $ 6,697,924 $ 6,381,474
Commitments and contingencies (Note 9)
STOCKHOLDERS' EQUITY    
Common stock, $1.33 par value, shares authorized 100,000,000; issued and outstanding, 44,785,674 shares and 45,162,853 shares, respectively. $ 59,159 $ 59,795
Additional paid-in capital 631,822 643,443
Retained earnings 298,134 261,676
Accumulated other comprehensive income 6,252 12,255
Total stockholders' equity 995,367 977,169
Total liabilities and stockholders' equity $ 7,693,291 $ 7,358,643
[1] The carrying value includes $6.8 million of net unrealized gains present at the time of transfer from available for securities, net of any accretion.