v3.24.1.u1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 41,231 $ 47,234
Interest earning deposits with banks 577,843 242,709
Restricted cash 33,897 25,849
Other short-term investments 6,700 6,080
Cash and cash equivalents 659,671 321,872
Securities    
Debt securities available for sale, at fair value 1,298,073 1,217,502
Debt securities held to maturity, at amortized cost (estimated fair value of $198,909 and $204,945 at March 31, 2024 and December 31, 2023, respectively) 224,014 226,645
Equity securities with readily determinable fair value not held for trading 2,480 2,534
Federal Reserve Bank and Federal Home Loan Bank stock 54,001 50,294
Securities 1,578,568 1,496,975
Loans held for sale, at lower of cost or fair value 0 365,219
Mortgage loans held for sale, at fair value 48,908 26,200
Loans held for investment, gross 6,957,475 6,873,493
Less: Allowance for credit losses 96,050 95,504
Loans held for investment, net 6,861,425 6,777,989
Bank owned life insurance 237,314 234,972
Premises and equipment, net 44,877 43,603
Deferred tax assets, net 48,302 55,635
Operating lease right-of-use assets 117,171 118,484
Goodwill 19,193 19,193
Accrued interest receivable and other assets 202,343 256,185
Total assets 9,817,772 9,716,327
Deposits    
Noninterest bearing 1,397,331 1,426,919
Interest bearing 2,619,115 2,560,629
Savings and money market 1,616,719 1,610,218
Time 2,245,078 2,297,097
Total deposits 7,878,243 7,894,863
Advances from the Federal Home Loan Bank 715,000 645,000
Senior notes 59,605 59,526
Subordinated notes 29,497 29,454
Junior subordinated debentures held by trust subsidiaries 64,178 64,178
Operating lease liabilities 122,267 123,167
Accounts payable, accrued liabilities and other liabilities 210,897 164,071
Total liabilities 9,079,687 8,980,259
Contingencies (Note 11)
Stockholders’ equity    
Class A common stock, $0.10 par value, 250 million shares authorized; $33,709,395 shares issued and outstanding at March 31, 2024 ($33,603,242 shares issued and outstanding at December 31, 2023) 3,373 3,361
Additional paid in capital 192,237 192,701
Retained earnings 618,359 610,802
Accumulated other comprehensive loss (75,884) (70,796)
Total stockholders' equity 738,085 736,068
Total liabilities and stockholders' equity $ 9,817,772 $ 9,716,327

Source