First Merchants Corporation(NASDAQ:FRME) 
First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans. The company also offers personal a...
Website: http://www.firstmerchants.com
Founded: 1892
Full Time Employees: 1,891
Sector: Financial Services
Industry: Banks-Regional
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At a glance:
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Quarterly
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| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 |
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interest income | |||||||||||||||||||||||||||
loans receivable: | |||||||||||||||||||||||||||
taxable | 213,627,000 | 203,120,000 | 200,406,000 | 195,173,000 | 187,728,000 | 197,536,000 | 206,680,000 | 201,413,000 | 198,023,000 | 197,523,000 | 191,705,000 | 186,256,000 | 172,353,000 | 156,102,000 | 128,504,000 | 106,787,000 | 79,075,000 | 85,319,000 | 87,002,000 | 85,105,000 | 67,031,500 | 84,162,000 | 87,312,000 | 96,652,000 | 96,850,000 | 92,824,000 | 90,481,000 |
tax exempt | 11,589,000 | 8,127,500 | 11,173,000 | 10,805,000 | 10,532,000 | 6,310,500 | 8,622,000 | 8,430,000 | 8,190,000 | 5,939,250 | 8,288,000 | 7,760,000 | 7,709,000 | 4,548,500 | 6,500,000 | 5,990,000 | 5,704,000 | 5,591,000 | 5,545,000 | 5,339,000 | 4,017,250 | 5,395,000 | 5,359,000 | 5,315,000 | 4,500,000 | 4,244,000 | 4,153,000 |
investment securities: | |||||||||||||||||||||||||||
deposits with financial institutions | 1,244,000 | 2,187,000 | 1,676,000 | 1,892,000 | 2,372,000 | 5,350,000 | 2,154,000 | 2,995,000 | 6,493,000 | 8,034,000 | 5,884,000 | 3,164,000 | 637,000 | 959,000 | 704,000 | 610,000 | 230,000 | 218,000 | 129,000 | 114,000 | 199,750 | 90,000 | 134,000 | 575,000 | 1,363,000 | 784,000 | 875,000 |
federal home loan bank stock | 1,965,000 | 1,037,000 | 1,092,000 | 1,083,000 | 997,000 | 958,000 | 855,000 | 879,000 | 835,000 | 771,000 | 719,000 | 1,020,000 | 542,000 | 541,000 | 314,000 | 175,000 | 146,000 | 168,000 | 88,000 | 178,000 | 207,000 | 248,000 | 281,000 | 299,000 | 355,000 | 335,000 | 338,000 |
total interest income | 248,569,000 | 237,444,000 | 235,095,000 | 229,735,000 | 222,518,000 | 234,642,000 | 241,083,000 | 236,381,000 | 235,900,000 | 236,990,000 | 229,133,000 | 221,365,000 | 206,398,000 | 190,982,000 | 163,338,000 | 141,146,000 | 109,540,000 | 113,548,000 | 113,275,000 | 109,816,000 | 83,821,000 | 106,225,000 | 109,252,000 | 119,807,000 | 118,132,000 | 112,639,000 | 108,813,000 |
interest expense | |||||||||||||||||||||||||||
deposits | 84,093,000 | 88,670,000 | 90,821,000 | 84,241,000 | 80,547,000 | 89,835,000 | 98,856,000 | 99,151,000 | 98,285,000 | 96,655,000 | 85,551,000 | 73,201,000 | 50,685,000 | 33,516,000 | 16,644,000 | 8,485,000 | 4,294,000 | 5,707,000 | 5,823,000 | 6,200,000 | 11,057,750 | 9,776,000 | 12,707,000 | 21,748,000 | 24,830,000 | 23,087,000 | 19,594,000 |
federal funds purchased | 590,000 | 218,000 | 224,000 | 965,000 | 812,000 | 26,000 | 329,000 | 126,000 | 1,000 | 123,000 | 1,297,000 | 808,000 | 418,000 | 76,000 | 2,000 | 2,000 | 29,500 | 5,000 | 2,000 | 111,000 | 15,000 | 117,000 | 93,000 | ||||
securities sold under repurchase agreements | 332,000 | 405,000 | 654,000 | 663,000 | 742,000 | 680,000 | 700,000 | 645,000 | 1,032,000 | 827,000 | 797,000 | 979,000 | 848,000 | 541,000 | 372,000 | 134,000 | 89,000 | 77,000 | 75,000 | 87,000 | 131,750 | 83,000 | 92,000 | 352,000 | 385,000 | 342,000 | 330,000 |
federal home loan bank advances | 11,048,000 | 8,047,000 | 8,638,000 | 9,714,000 | 9,364,000 | 8,171,000 | 8,544,000 | 6,398,000 | 6,773,000 | 6,431,000 | 6,896,000 | 6,815,000 | 7,064,000 | 4,932,000 | 3,493,000 | 1,774,000 | 1,218,000 | 1,389,000 | 1,452,000 | 1,442,000 | 1,329,250 | 1,749,000 | 1,794,000 | 1,774,000 | 1,894,000 | 1,692,000 | 1,814,000 |
subordinated debentures and other borrowings | 1,203,000 | 1,040,000 | 1,093,000 | 1,138,000 | 783,000 | 1,560,000 | 1,544,000 | 1,490,000 | 2,747,000 | 3,013,000 | 2,506,000 | 2,412,000 | 2,385,000 | 2,229,000 | 2,105,000 | 2,016,000 | 1,659,000 | 1,660,000 | 1,659,000 | 1,657,000 | 1,318,750 | 1,691,000 | 1,639,000 | ||||
total interest expense | 97,266,000 | 98,380,000 | 101,430,000 | 96,721,000 | 92,248,000 | 100,272,000 | 109,973,000 | 107,810,000 | 108,837,000 | 106,927,000 | 95,750,000 | 83,530,000 | 62,279,000 | 42,026,000 | 23,032,000 | 12,485,000 | 7,260,000 | 8,833,000 | 9,011,000 | 9,388,000 | 13,867,000 | 13,304,000 | 16,234,000 | 25,930,000 | 29,200,000 | 27,361,000 | 23,947,000 |
net interest income | 151,303,000 | 139,064,000 | 133,665,000 | 133,014,000 | 130,270,000 | 134,370,000 | 131,110,000 | 128,571,000 | 127,063,000 | 130,063,000 | 133,383,000 | 137,835,000 | 144,119,000 | 148,956,000 | 140,306,000 | 128,661,000 | 102,280,000 | 104,715,000 | 104,264,000 | 100,428,000 | 69,954,000 | 92,921,000 | 93,018,000 | 93,877,000 | 88,932,000 | 85,278,000 | 84,866,000 |
provision for credit losses | 4,900,000 | 7,150,000 | 4,300,000 | 5,600,000 | 4,200,000 | 4,200,000 | 5,000,000 | 24,500,000 | 2,000,000 | 1,500,000 | 2,000,000 | 4,188,750 | 16,755,000 | ||||||||||||||
net interest income after provision for credit losses | 146,403,000 | 131,914,000 | 129,365,000 | 127,414,000 | 126,070,000 | 130,170,000 | 126,110,000 | 104,071,000 | 125,063,000 | 128,563,000 | 131,383,000 | 137,835,000 | 144,119,000 | 148,956,000 | 140,306,000 | 111,906,000 | 102,280,000 | 104,715,000 | 104,264,000 | ||||||||
noninterest income | |||||||||||||||||||||||||||
service charges on deposit accounts | 9,037,000 | 8,704,000 | 8,921,000 | 8,566,000 | 8,072,000 | 8,124,000 | 8,361,000 | 8,214,000 | 7,907,000 | 7,690,000 | 7,975,000 | 7,813,000 | 7,359,000 | 7,097,000 | 7,165,000 | 7,690,000 | 6,419,000 | 6,249,000 | 5,596,000 | 5,264,000 | 3,872,750 | 5,209,000 | 4,312,000 | 5,970,000 | 6,107,000 | 5,437,000 | 5,095,000 |
fiduciary and wealth management fees | 9,768,000 | 9,175,000 | 8,842,000 | 8,831,000 | 8,644,000 | 8,665,000 | 8,525,000 | 8,825,000 | 8,200,000 | 8,187,000 | 7,394,000 | 7,397,000 | 7,862,000 | 7,501,000 | 7,221,000 | 7,634,000 | 7,332,000 | 7,352,000 | 7,510,000 | 6,422,000 | 4,374,000 | 5,910,000 | 5,601,000 | 5,985,000 | 4,429,000 | 3,931,000 | 3,818,000 |
card payment fees | 5,275,000 | 5,325,000 | 5,007,000 | 4,932,000 | 4,526,000 | 4,957,000 | 5,121,000 | 4,739,000 | 4,500,000 | 4,437,000 | 4,716,000 | 4,537,000 | 5,172,000 | 4,533,000 | 4,776,000 | 5,175,000 | 5,723,000 | 4,156,000 | 4,159,000 | 4,367,000 | 4,000,000 | 3,996,000 | 6,097,000 | 5,907,000 | 5,158,000 | 4,829,000 | 4,826,000 |
net gains and fees on sales of loans | 6,511,000 | 5,421,000 | 4,983,000 | 5,849,000 | 5,022,000 | 5,681,000 | 6,764,000 | 5,141,000 | 3,254,000 | 4,111,000 | 5,517,000 | 3,632,000 | 2,399,000 | 2,087,000 | 2,543,000 | 3,226,000 | 2,199,000 | 3,955,000 | 8,325,000 | 3,986,000 | 3,219,500 | 5,841,000 | 3,674,000 | 3,363,000 | 2,227,000 | 1,736,000 | 1,295,000 |
derivative hedge fees | 564,000 | 1,053,000 | 1,097,000 | 831,000 | 404,000 | 1,594,000 | 736,000 | 489,000 | 263,000 | 1,049,000 | 516,000 | 672,000 | 1,148,000 | 326,000 | 700,000 | 1,444,000 | 918,000 | 1,028,000 | 943,000 | 317,000 | 1,174,000 | 1,715,000 | 1,042,000 | 1,939,000 | 1,684,000 | 1,487,000 | |
other customer fees | 593,000 | 315,000 | 414,000 | 401,000 | 415,000 | 316,000 | 344,000 | 460,000 | 427,000 | 237,000 | 384,000 | 742,000 | 517,000 | 362,000 | 501,000 | 662,000 | 410,000 | 393,000 | 368,000 | 368,000 | 275,750 | 372,000 | 333,000 | 398,000 | 450,000 | 341,000 | 439,000 |
earnings on bank-owned life insurance | 3,446,000 | 1,854,000 | 1,667,000 | ||||||||||||||||||||||||
net realized losses on sales of available for sale securities | -1,000 | -7,000 | -2,291,250 | -9,114,000 | -49,000 | -2,000 | |||||||||||||||||||||
net loss on mortgage loans reclassified to held for sale | -29,755,000 | ||||||||||||||||||||||||||
other income | 390,000 | 1,259,000 | 1,546,000 | -19,000 | 793,000 | 2,826,000 | 1,374,000 | 1,586,000 | 497,000 | -152,000 | 1,229,000 | 822,000 | 823,000 | 672,000 | -425,000 | 1,048,000 | 634,000 | 1,144,000 | 1,017,000 | 232,000 | 356,250 | 132,000 | 1,028,000 | 265,000 | 524,000 | 1,064,000 | 330,000 |
total noninterest income | 5,829,000 | 33,106,000 | 32,477,000 | 31,303,000 | 30,048,000 | 42,742,000 | 24,866,000 | 31,334,000 | 26,638,000 | 26,444,000 | 27,842,000 | ||||||||||||||||
noninterest expense | |||||||||||||||||||||||||||
salaries and employee benefits | 69,443,000 | 58,254,000 | 57,317,000 | 54,527,000 | 54,982,000 | 55,437,000 | 55,223,000 | 52,214,000 | 58,293,000 | 60,967,000 | 55,566,000 | 54,753,000 | 57,459,000 | 52,331,000 | 56,002,000 | 56,041,000 | 42,519,000 | 43,314,000 | 42,438,000 | 38,811,000 | 28,532,000 | 39,187,000 | 35,698,000 | 39,243,000 | 38,942,000 | 32,709,000 | 33,028,000 |
net occupancy | 8,301,000 | 7,283,000 | 7,057,000 | 6,845,000 | 7,216,000 | 7,335,000 | 6,994,000 | 6,746,000 | 7,312,000 | 9,089,000 | 6,837,000 | 6,674,000 | 7,259,000 | 6,638,000 | 6,738,000 | 6,648,000 | 6,187,000 | 5,576,000 | 5,615,000 | 6,491,000 | 4,275,750 | 5,855,000 | 5,447,000 | 5,801,000 | 4,777,000 | 4,469,000 | 5,027,000 |
equipment | 7,818,000 | 7,681,000 | 6,998,000 | 6,927,000 | 7,008,000 | 7,028,000 | 6,949,000 | 6,599,000 | 6,226,000 | 6,108,000 | 5,698,000 | 6,181,000 | 6,126,000 | 6,148,000 | 5,997,000 | 6,720,000 | 5,080,000 | 4,529,000 | 4,848,000 | 5,030,000 | 3,447,250 | 4,956,000 | 4,489,000 | 4,344,000 | 4,030,000 | 4,117,000 | 3,642,000 |
marketing | 1,601,000 | 2,324,000 | 2,120,000 | 1,997,000 | 1,353,000 | 2,582,000 | 1,836,000 | 1,773,000 | 1,198,000 | 2,647,000 | 2,369,000 | 1,102,000 | 1,309,000 | 3,157,000 | 2,401,000 | 1,414,000 | 736,000 | 1,676,000 | 1,122,000 | 1,124,000 | 1,211,500 | 1,311,000 | 2,092,000 | 1,443,000 | 1,332,000 | 2,752,000 | 1,074,000 |
outside data processing fees | 7,190,000 | 7,509,000 | 6,943,000 | 7,107,000 | 5,929,000 | 6,029,000 | 7,150,000 | 7,072,000 | 6,889,000 | 5,875,000 | 6,573,000 | 6,604,000 | 6,113,000 | 5,611,000 | 6,827,000 | 4,881,000 | 4,363,000 | 4,794,000 | 4,698,000 | 4,244,000 | 2,648,250 | 3,776,000 | 2,618,000 | 4,199,000 | 4,435,000 | 3,929,000 | 3,684,000 |
printing and office supplies | 377,000 | 450,000 | 311,000 | 272,000 | 347,000 | 377,000 | 378,000 | 354,000 | 353,000 | 402,000 | 333,000 | 434,000 | 383,000 | 390,000 | 472,000 | 381,000 | 345,000 | 265,000 | 313,000 | 283,000 | 249,250 | 331,000 | 279,000 | 387,000 | 312,000 | 334,000 | 315,000 |
intangible asset amortization | 2,302,000 | 1,498,000 | 1,499,000 | 1,505,000 | 1,526,000 | 1,771,000 | 1,772,000 | 1,771,000 | 1,957,000 | 2,182,000 | 2,182,000 | 2,182,000 | 2,197,000 | 2,303,000 | 2,303,000 | 2,303,000 | 1,366,000 | 1,463,000 | 1,464,000 | 1,357,000 | 1,127,750 | 1,486,000 | 1,511,000 | 1,514,000 | 1,356,000 | 1,520,000 | 1,528,000 |
fdic assessments | 3,893,000 | 2,684,000 | 3,526,000 | 3,552,000 | 3,648,000 | 3,744,000 | 3,720,000 | 3,278,000 | 4,287,000 | 7,557,000 | 2,981,000 | 2,740,000 | 1,396,000 | 2,295,000 | 2,824,000 | 2,924,000 | 2,192,000 | 1,552,000 | 1,461,000 | 1,368,000 | 1,061,000 | 1,249,000 | 1,472,000 | 1,523,000 | -668,000 | 678,000 | 707,000 |
other real estate owned and foreclosure expenses | 1,100,000 | 775,000 | 121,000 | 29,000 | 600,000 | 227,000 | 942,000 | 373,000 | 534,000 | 1,743,000 | 677,000 | 916,000 | -18,000 | 197,000 | 328,000 | -266,000 | 564,000 | -91,000 | 178,000 | 734,000 | 476,500 | 717,000 | 684,000 | 505,000 | 294,000 | 903,000 | 1,165,000 |
professional and other outside services | 14,593,000 | 3,774,000 | 3,718,000 | 3,741,000 | 3,261,000 | 3,777,000 | 3,035,000 | 3,822,000 | 3,952,000 | 3,981,000 | 3,833,000 | 4,660,000 | 3,698,000 | 3,961,000 | 4,461,000 | 10,267,000 | 2,953,000 | 2,767,000 | 2,976,000 | 2,543,000 | 1,516,250 | 2,254,000 | 1,553,000 | 2,258,000 | 8,251,000 | 2,376,000 | 1,884,000 |
other expenses | 8,527,000 | 7,290,000 | 6,951,000 | 7,096,000 | 7,032,000 | 7,982,000 | 6,630,000 | 7,411,000 | 5,934,000 | 7,552,000 | 6,805,000 | 6,347,000 | 7,798,000 | 6,668,000 | 8,025,000 | 6,000,000 | 6,020,000 | 5,539,000 | 4,182,000 | 3,171,750 | 3,587,000 | 4,146,000 | 4,954,000 | 4,293,000 | 3,800,000 | 4,567,000 | |
total noninterest expense | 125,145,000 | ||||||||||||||||||||||||||
income before income taxes | 27,087,000 | ||||||||||||||||||||||||||
income tax expense | -1,069,000 | 8,433,000 | 8,516,000 | 8,287,000 | 7,877,000 | 12,274,000 | 7,160,000 | 4,067,000 | 6,825,000 | 4,425,000 | 9,005,000 | 10,699,000 | 11,317,000 | 12,647,000 | 9,793,000 | 3,879,000 | 7,266,000 | 9,062,000 | 10,294,000 | 8,952,000 | 3,433,500 | 5,621,000 | 4,623,000 | 3,490,000 | 6,337,000 | 7,749,000 | 6,941,000 |
net income | 28,156,000 | 57,065,000 | 56,765,000 | 56,832,000 | 55,339,000 | 64,349,000 | 49,187,000 | 39,925,000 | 47,941,000 | 42,479,000 | 56,366,000 | 60,862,000 | 64,079,000 | 70,760,000 | 63,752,000 | 38,991,000 | |||||||||||
yoy | -49.12% | -11.32% | 15.41% | 42.35% | 15.43% | 51.48% | -12.74% | -34.40% | -25.18% | -39.97% | -11.59% | 56.09% | |||||||||||||||
qoq | -50.66% | 0.53% | -0.12% | 2.70% | -14.00% | 30.83% | 23.20% | -16.72% | 12.86% | -24.64% | -7.39% | -5.02% | -9.44% | 10.99% | 63.50% | ||||||||||||
preferred stock dividends | 469,000 | 469,000 | 468,000 | 469,000 | 469,000 | 469,000 | 468,000 | 469,000 | 469,000 | 469,000 | 468,000 | 469,000 | 469,000 | 468,000 | 469,000 | 469,000 | |||||||||||
net income available to common stockholders | 27,687,000 | 56,596,000 | 56,297,000 | 56,363,000 | 54,870,000 | 63,880,000 | 48,719,000 | 39,456,000 | 47,472,000 | 42,010,000 | 55,898,000 | 60,393,000 | 63,610,000 | 70,292,000 | 63,283,000 | 38,522,000 | 48,586,000 | 52,770,000 | 55,559,000 | 49,469,000 | 25,866,250 | 36,210,000 | 32,992,000 | 34,263,000 | 36,757,000 | 41,056,000 | 38,817,000 |
per share data: | |||||||||||||||||||||||||||
basic net income available to common stockholders | 0.46 | 0.99 | 0.98 | 0.98 | 0.95 | 1.1 | 0.84 | 0.68 | 0.8 | 0.76 | 0.95 | 1.02 | 1.07 | 0.658 | 1.08 | 0.64 | 0.91 | 0.98 | 1.03 | 0.92 | 0.478 | 0.67 | 0.62 | 0.63 | 0.71 | 0.83 | 0.79 |
diluted net income available to common stockholders | 0.45 | 0.98 | 0.98 | 0.98 | 0.94 | 1.1 | 0.84 | 0.68 | 0.8 | 0.758 | 0.94 | 1.02 | 1.07 | 0.655 | 1.08 | 0.63 | 0.91 | 0.98 | 1.03 | 0.91 | 0.478 | 0.67 | 0.62 | 0.62 | 0.71 | 0.83 | 0.78 |
cash dividends paid | 0.36 | 0.36 | 0.36 | 0.36 | 0.35 | 0.26 | 0.35 | 0.35 | 0.34 | 0.25 | 0.34 | 0.34 | 0.32 | 0.233 | 0.32 | 0.32 | 0.29 | 0.29 | 0.29 | 0.26 | 0.195 | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0.22 |
average diluted common shares outstanding | 61,008 | -91 | 57,448 | 57,773 | 58,242 | -96 | 58,289 | 58,328 | 59,273 | 14,866.25 | 59,503 | 59,448 | 59,441 | 14,367 | 59,339 | 59,308 | |||||||||||
noninterest expenses | |||||||||||||||||||||||||||
total noninterest expenses | 70,765,250 | 96,561,000 | 93,598,000 | 92,902,000 | 96,289,000 | 94,629,000 | 91,413,000 | 96,935,000 | 108,103,000 | 93,854,000 | |||||||||||||||||
income before income tax | 48,404,000 | 65,281,000 | 65,119,000 | 63,216,000 | 76,623,000 | 56,347,000 | 43,992,000 | 54,766,000 | 46,904,000 | 65,371,000 | 71,561,000 | 75,396,000 | 83,407,000 | 73,545,000 | 42,870,000 | 55,852,000 | 61,832,000 | 65,853,000 | 58,421,000 | 29,299,750 | 41,831,000 | 37,615,000 | 37,753,000 | 43,094,000 | 48,805,000 | 45,758,000 | |
earnings on cash surrender value of life insurance | 1,913,000 | 2,179,000 | |||||||||||||||||||||||||
increase in cash surrender value of life insurance | 1,527,000 | 1,265,000 | 1,414,000 | 1,449,000 | 1,507,000 | 1,210,000 | 1,316,000 | 1,287,000 | 1,379,000 | 1,376,000 | 1,279,000 | 1,176,000 | 1,198,000 | 1,205,000 | 1,189,000 | 940,250 | 1,170,000 | 1,231,000 | 1,360,000 | 1,144,000 | 927,000 | 989,000 | |||||
gains on life insurance benefits | 661,000 | 1,490,000 | 515,000 | 143,000 | 1,695,000 | 551,000 | 780,000 | 1,000 | 136,000 | 5,279,000 | 29,000 | 520,000 | 1,270,000 | 147,000 | 24,000 | 1,000 | 95,000 | 19,000 | |||||||||
net realized gains on sales of available for sale securities | -2,317,000 | -1,650,000 | -1,392,000 | -1,571,000 | 57,000 | 481,000 | 90,000 | 566,000 | 1,756,000 | 1,761,000 | 1,799,000 | 2,374,250 | 1,817,000 | 3,068,000 | 4,612,000 | 393,000 | 1,843,000 | 1,140,000 | |||||||||
non-interest income | |||||||||||||||||||||||||||
total non-interest income | 26,319,000 | 24,997,000 | 24,150,000 | 29,617,000 | |||||||||||||||||||||||
non-interest expenses | |||||||||||||||||||||||||||
total non-interest expenses | 92,593,000 | 93,720,000 | 89,699,000 | 96,378,000 | |||||||||||||||||||||||
total other income | 28,277,000 | 25,897,000 | 28,501,000 | 30,884,000 | 24,091,000 | 20,610,750 | 26,163,000 | 26,481,000 | 29,799,000 | 22,116,000 | 21,614,000 | 18,713,000 | |||||||||||||||
total other expenses | 97,313,000 | 72,325,000 | 71,384,000 | 69,295,000 | 47,717,250 | 64,709,000 | 59,989,000 | 66,171,000 | 67,354,000 | 57,587,000 | 56,621,000 | ||||||||||||||||
provision for credit losses - loans | |||||||||||||||||||||||||||
average diluted shares outstanding | 53,616 | 53,960 | 54,184 | 54,134 | 13,569.5 | 53,971 | 53,943 | 54,918 | 51,570 | 49,550 | 49,541 | ||||||||||||||||
benefit from credit losses - loans | |||||||||||||||||||||||||||
net interest income after benefit from credit losses | 100,428,000 | ||||||||||||||||||||||||||
other incomes | 4,113,000 | ||||||||||||||||||||||||||
total other incomes | 66,098,000 | ||||||||||||||||||||||||||
provision for loan losses | 13,547,750 | 12,544,000 | 21,895,000 | 19,752,000 | 600,000 | 500,000 | 1,200,000 | ||||||||||||||||||||
net interest income after provision for loan losses | 56,406,250 | 80,377,000 | 71,123,000 | 74,125,000 | 88,332,000 | 84,778,000 | 83,666,000 | ||||||||||||||||||||
subordinated debentures and term loans | 1,945,000 | 2,076,000 | 2,123,000 | 2,116,000 | |||||||||||||||||||||||
derivative hedge income | 781,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-06-30 | 2016-03-31 | 2015-06-30 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-09-30 | 2012-03-31 | 2011-11-09 | 2011-08-09 | 2011-03-31 | 2010-12-31 | 2010-11-09 | 2010-08-09 | 2010-05-10 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and due from banks | 84,158,000 | 88,079,000 | 81,567,000 | 86,113,000 | 87,616,000 | 84,719,000 | 105,372,000 | 100,514,000 | 112,649,000 | 125,173,000 | 108,975,000 | 125,818,000 | 122,594,000 | 119,532,000 | 212,559,000 | 148,277,000 | 167,146,000 | 60,991,000 | 60,166,000 | 50,874,000 | 44,283,000 | 50,844,000 | 54,736,000 | 60,223,000 | 52,679,000 | |||||||||||||||||||||||||||||
interest-bearing deposits | 196,300,000 | 168,706,000 | 223,343,000 | 331,534,000 | 298,891,000 | 359,126,000 | 168,528,000 | 410,497,000 | 436,080,000 | 348,639,000 | 219,480,000 | 352,695,000 | 126,061,000 | 179,593,000 | 136,702,000 | 395,262,000 | 474,154,000 | 369,447,000 | 438,863,000 | 392,806,000 | 392,305,000 | 273,936 | ||||||||||||||||||||||||||||||||
investment securities available for sale | 1,407,102,000 | 1,386,903,000 | 1,358,130,000 | 1,378,489,000 | 1,386,475,000 | 1,553,496,000 | 1,618,893,000 | 1,620,213,000 | 1,627,112,000 | 1,500,136,000 | 1,651,362,000 | 1,794,208,000 | 1,976,661,000 | 1,983,972,000 | 2,296,351,000 | 2,164,197,000 | 2,344,551,000 | 2,374,578,000 | 2,426,900,000 | 2,405,568,000 | 1,919,119,000 | 1,824,160 | 1,890,593,000 | 1,815,775,000 | 1,790,025,000 | 1,646,399,000 | 1,399,959,000 | 1,247,632,000 | 1,142,195,000 | 1,149,162,000 | 1,096,837,000 | 1,003,799,000 | 999,947,000 | 890,721,000 | 742,759,000 | 730,788,000 | 658,829,000 | 636,785,000 | 575,415,000 | 567,996,000 | 615,184,000 | 605,507,000 | 606,341,000 | 584,593,000 | 532,867,000 | 551,619,000 | 547,308,000 | 496,608,000 | 591,212,000 | 575,546,000 | 539,370,000 | 517,539,000 | 475,588,000 | 475,596,000 |
investment securities held to maturity, net of allowance for credit losses of 245 and 245 | 1,971,539,000 | 1,995,488,000 | 2,022,826,000 | 2,048,632,000 | 2,074,220,000 | 2,108,649,000 | 2,134,195,000 | 2,163,361,000 | 2,184,252,000 | 2,213,588,000 | 2,240,129,000 | 2,263,181,000 | 2,287,127,000 | 2,310,796,000 | 2,333,679,000 | 2,325,066,000 | ||||||||||||||||||||||||||||||||||||||
loans held for sale | 20,079,000 | 23,190,000 | 28,783,000 | 23,004,000 | 18,663,000 | 40,652,000 | 32,292,000 | 15,118,000 | 18,934,000 | 30,972,000 | 27,297,000 | 9,408,000 | 9,094,000 | 25,394,000 | 9,060,000 | 3,938,000 | 11,187,000 | 5,990,000 | 18,582,000 | 4,430,000 | 3,966,000 | 3,183 | 901,000 | 5,039,000 | 9,037,000 | 7,910,000 | 5,854,000 | 3,330,000 | 4,778,000 | 3,022,000 | 2,046,000 | 4,469,000 | 7,216,000 | 4,514,000 | 4,036,000 | 1,262,000 | 18,854,000 | 3,628,000 | 8,295,000 | 6,423,000 | ||||||||||||||
loans | 13,791,707,000 | 13,591,174,000 | 13,296,759,000 | 13,004,905,000 | 12,854,359,000 | 12,646,808,000 | 12,639,650,000 | 12,465,582,000 | 12,486,027,000 | 12,271,422,000 | 12,270,233,000 | 12,241,461,000 | 12,003,894,000 | 11,650,002,000 | 11,397,417,000 | 9,356,241,000 | 9,241,861,000 | 9,041,576,000 | 9,121,250,000 | 9,318,228,000 | 9,243,174,000 | 8,459,310,000 | 7,224,467,000 | 6,751,199,000 | 2,835,683,000 | |||||||||||||||||||||||||||||
less: allowance for credit losses - loans | -195,597,000 | -194,468,000 | -195,316,000 | -192,031,000 | -192,757,000 | -187,828,000 | -189,537,000 | -204,681,000 | -204,934,000 | -205,782,000 | -221,147,000 | -223,052,000 | -223,277,000 | -226,702,000 | -226,275,000 | -195,984,000 | ||||||||||||||||||||||||||||||||||||||
net loans | 13,596,110,000 | 13,396,706,000 | 13,101,443,000 | 12,812,874,000 | 12,661,602,000 | 12,458,980,000 | 12,450,113,000 | 12,260,901,000 | 12,281,093,000 | 12,065,640,000 | 12,049,086,000 | 12,018,409,000 | 11,780,617,000 | 11,423,300,000 | 11,171,142,000 | 9,160,257,000 | 9,046,464,000 | 8,841,604,000 | 8,921,475,000 | 9,117,146,000 | 9,112,526,000 | 8,379,026,000 | 7,143,915,000 | 6,676,167,000 | 2,752,706,000 | |||||||||||||||||||||||||||||
premises and equipment | 121,058,000 | 121,771,000 | 122,808,000 | 128,749,000 | 129,743,000 | 129,582,000 | 133,245,000 | 132,706,000 | 133,896,000 | 132,441,000 | 114,402,000 | 115,857,000 | 117,118,000 | 116,306,000 | 117,757,000 | 105,883,000 | 105,655,000 | 104,814,000 | 103,822,000 | 109,432,000 | 111,062,000 | 112,959 | 112,548,000 | 114,045,000 | 113,055,000 | 113,446,000 | 91,767,000 | 91,863,000 | 93,420,000 | 93,728,000 | 94,397,000 | 94,741,000 | 95,852,000 | 102,485,000 | 92,637,000 | 91,311,000 | 95,170,000 | 96,494,000 | 84,841,000 | 74,105,000 | 74,856,000 | 74,847,000 | 54,386,000 | 54,165,000 | 53,762,000 | 51,373,000 | 51,541,000 | 51,432,000 | 51,851,000 | 51,818,000 | 52,450,000 | 52,774,000 | 53,437,000 | 54,431,000 |
federal home loan bank stock | 47,245,000 | 47,264,000 | 47,290,000 | 45,006,000 | 41,690,000 | 41,716,000 | 41,738,000 | 41,758,000 | 41,769,000 | 41,797,000 | 41,842,000 | 41,878,000 | 38,525,000 | 38,056,000 | 38,111,000 | 26,422,000 | 28,736,000 | 28,736,000 | 28,736,000 | 28,736,000 | 28,736,000 | 28,736 | 28,736,000 | 28,736,000 | 28,736,000 | 28,736,000 | 24,588,000 | 24,588,000 | 24,588,000 | 24,588,000 | 24,588,000 | 24,588,000 | 23,825,000 | 23,825,000 | 19,015,000 | |||||||||||||||||||
interest receivable | 93,374,000 | 89,102,000 | 93,258,000 | 88,352,000 | 91,829,000 | 92,055,000 | 97,546,000 | 92,550,000 | 97,664,000 | 90,011,000 | 89,784,000 | 85,515,000 | 85,070,000 | 71,605,000 | 68,728,000 | 56,081,000 | 57,187,000 | 53,079,000 | 54,173,000 | 54,662,000 | 53,948,000 | 52,992 | 57,063,000 | 47,489,000 | 48,901,000 | 45,923,000 | 45,150,000 | 40,931,000 | 40,881,000 | 38,531,000 | 38,530,000 | 35,223,000 | 37,130,000 | 32,366,000 | 27,597,000 | 25,174,000 | 23,351,000 | 22,836,000 | 19,880,000 | 19,455,000 | 18,341,000 | 18,001,000 | 16,171,000 | 15,186,000 | 15,346,000 | 17,519,000 | 16,730,000 | 17,770,000 | 17,001,000 | 17,583,000 | 18,674,000 | 20,310,000 | 18,894,000 | 19,532,000 |
goodwill | 712,002,000 | 712,002,000 | 712,002,000 | 712,002,000 | 712,002,000 | 712,002,000 | 712,002,000 | 712,002,000 | 712,002,000 | 712,002,000 | 712,002,000 | 712,002,000 | 712,002,000 | 712,568,000 | 713,201,000 | 545,385,000 | 545,385,000 | 545,385,000 | 545,385,000 | 543,918,000 | 543,918,000 | 543,918 | 543,918,000 | 543,918,000 | 543,918,000 | 543,199,000 | 445,355,000 | 445,355,000 | 445,355,000 | 445,355,000 | 445,355,000 | 445,355,000 | 445,355,000 | 445,355,000 | 292,188,000 | 244,000,000 | 244,000,000 | 244,000,000 | 205,376,000 | 188,948,000 | 188,948,000 | 188,948,000 | 141,375,000 | 141,375,000 | 141,375,000 | 141,375,000 | 141,357,000 | 141,357,000 | 141,357,000 | 141,357,000 | 141,357,000 | 141,357,000 | 141,357,000 | 141,357,000 |
other intangibles | 13,800,000 | 15,298,000 | 16,797,000 | 18,302,000 | 19,828,000 | 21,599,000 | 23,371,000 | 25,142,000 | 27,099,000 | 29,281,000 | 31,463,000 | 33,645,000 | 35,842,000 | 38,145,000 | 40,448,000 | 24,109,000 | 25,475,000 | 26,938,000 | 28,401,000 | 27,618,000 | 28,975,000 | 30,451 | 31,937,000 | 33,448,000 | 34,962,000 | 36,552,000 | 21,381,000 | 22,901,000 | 24,429,000 | 26,054,000 | 27,704,000 | 29,422,000 | 31,148,000 | 33,203,000 | ||||||||||||||||||||
cash surrender value of life insurance | 308,438,000 | 306,583,000 | 305,695,000 | 304,918,000 | 304,906,000 | 304,613,000 | 306,379,000 | 306,028,000 | 306,301,000 | 306,106,000 | 307,020,000 | 309,090,000 | 308,311,000 | 306,932,000 | 323,013,000 | 291,881,000 | 291,041,000 | 291,825,000 | 294,462,000 | 293,766,000 | 292,745,000 | 291,543 | 290,715,000 | 289,574,000 | 288,206,000 | 286,747,000 | 226,241,000 | 225,928,000 | 224,939,000 | 223,865,000 | 222,905,000 | 221,949,000 | 223,557,000 | 222,437,000 | 200,125,000 | 202,574,000 | 201,417,000 | 200,549,000 | 170,813,000 | 165,423,000 | 165,974,000 | 165,320,000 | 127,322,000 | 126,710,000 | 126,098,000 | 124,702,000 | 123,355,000 | 123,524,000 | 102,880,000 | 102,309,000 | 96,731,000 | 96,206,000 | 95,666,000 | 95,146,000 |
other real estate owned | 658,000 | 1,270,000 | 177,000 | 4,966,000 | 4,948,000 | 5,247,000 | 4,824,000 | 4,886,000 | 4,831,000 | 6,480,000 | 7,685,000 | 7,777,000 | 6,431,000 | 6,454,000 | 6,521,000 | 6,271,000 | 558,000 | 698,000 | 601,000 | 604,000 | 940,000 | 6,942 | 7,367,000 | 7,972,000 | 7,527,000 | 7,156,000 | 1,131,000 | 1,877,000 | 2,179,000 | 8,859,000 | 9,071,000 | 9,698,000 | 10,373,000 | 11,912,000 | 11,893,000 | 8,293,000 | 13,219,000 | 15,626,000 | 19,242,000 | 14,540,000 | 18,621,000 | 21,077,000 | 12,052,000 | 11,765,000 | 13,130,000 | 13,780,000 | 15,628,000 | 19,425,000 | 15,437,000 | 17,056,000 | 20,927,000 | 21,546,000 | 20,124,000 | 18,268,000 |
tax asset, deferred and receivable | 78,664,000 | 89,758,000 | 97,749,000 | 87,665,000 | 92,387,000 | 86,732,000 | 107,080,000 | 101,121,000 | 99,883,000 | 135,521,000 | 113,724,000 | 103,070,000 | 111,222,000 | 142,110,000 | 114,965,000 | 73,422,000 | 35,641,000 | 39,504,000 | 36,924,000 | 40,163,000 | 12,340,000 | 21,762 | 13,126,000 | 9,497,000 | 12,165,000 | 15,187,000 | 12,340,000 | 16,094,000 | 23,668,000 | 25,933,000 | 24,619,000 | 24,177,000 | 23,983,000 | 36,024,000 | 27,331,000 | 32,074,000 | 32,547,000 | 47,982,000 | 39,622,000 | 41,131,000 | 44,622,000 | 50,684,000 | 31,385,000 | 30,959,000 | 27,597,000 | 29,344,000 | 32,112,000 | 35,804,000 | 36,790,000 | 38,224,000 | 45,623,000 | 50,972,000 | 52,839,000 | 59,190,000 |
other assets | 374,574,000 | 369,509,000 | 380,909,000 | 369,181,000 | 387,169,000 | 348,384,000 | 367,845,000 | 331,006,000 | 322,322,000 | 258,861,000 | 254,161,000 | 206,355,000 | 221,631,000 | 244,222,000 | 198,255,000 | 138,807,000 | 140,167,000 | 137,928,000 | 135,763,000 | 127,027,000 | 146,066,000 | 155,903 | 156,486,000 | 147,776,000 | 100,194,000 | 99,612,000 | 83,231,000 | 70,431,000 | 47,772,000 | 53,167,000 | 51,809,000 | 61,017,000 | 42,338,000 | 38,744,000 | 35,758,000 | 30,991,000 | 32,895,000 | 30,283,000 | 22,021,000 | 31,095,000 | 28,426,000 | 28,237,000 | 13,533,000 | 13,227,000 | 15,856,000 | 14,998,000 | 13,417,000 | 21,881,000 | 30,218,000 | 19,916,000 | 24,045,000 | 24,586,000 | 26,422,000 | 28,889,000 |
total assets | 19,025,101,000 | 18,811,629,000 | 18,592,777,000 | 18,439,787,000 | 18,311,969,000 | 18,347,552,000 | 18,303,423,000 | 18,317,803,000 | 18,405,887,000 | 17,996,648,000 | 17,968,412,000 | 18,178,908,000 | 17,938,306,000 | 17,718,985,000 | 17,780,492,000 | 15,465,258,000 | 15,453,149,000 | 15,060,725,000 | 14,923,097,000 | 14,629,066,000 | 14,067,210,000 | 13,737,350 | 13,819,378,000 | 12,693,518,000 | 12,457,254,000 | 12,325,061,000 | 10,737,857,000 | 10,210,925,000 | 9,884,716,000 | 9,787,282,000 | 9,734,715,000 | 9,472,796,000 | 9,367,478,000 | 9,049,403,000 | 7,805,029,000 | 7,326,193,000 | 6,906,418,000 | 6,798,539,000 | 6,140,308,000 | 5,591,383,000 | 5,615,120,000 | 5,452,936,000 | 4,325,911,000 | 4,338,264,000 | 4,252,830,000 | 4,250,168,000 | 4,236,366,000 | 4,118,509,000 | 4,094,218,000 | 4,117,175,000 | 4,170,848,000 | 4,180,320,000 | 4,183,248,000 | 4,375,866,000 |
liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposits: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
noninterest-bearing | 2,137,262,000 | 2,100,570,000 | 2,197,416,000 | 2,185,057,000 | 2,325,579,000 | 2,334,197,000 | 2,303,313,000 | 2,338,364,000 | 2,500,062,000 | 2,554,984,000 | 2,636,017,000 | 2,964,355,000 | 3,173,417,000 | 3,356,651,000 | 3,435,331,000 | 2,745,235,000 | 2,709,646,000 | 2,554,323,000 | 2,479,853,000 | 2,494,891,000 | 2,298,138,000 | 2,187,607 | 2,260,351,000 | 1,688,205,000 | 1,736,396,000 | 1,777,365,000 | 1,353,165,000 | 1,381,183,000 | 1,447,907,000 | 1,464,190,000 | 1,571,194,000 | 1,698,958,000 | 1,761,553,000 | 1,662,814,000 | 1,398,237,000 | 1,373,778,000 | 1,253,747,000 | 1,282,462,000 | 1,122,688,000 | 939,540,000 | 917,825,000 | 936,741,000 | 790,174,000 | 741,095,000 | 763,965,000 | 679,818,000 | 677,643,000 | 598,139,000 | 590,199,000 | 586,973,000 | 583,696,000 | 525,463,000 | 516,769,000 | 520,551,000 |
interest-bearing | 13,157,593,000 | 12,769,409,000 | 12,600,162,000 | 12,276,921,000 | 12,196,047,000 | 12,030,903,000 | 12,265,757,000 | 12,546,220,000 | 12,321,391,000 | 12,091,592,000 | 11,945,138,000 | 11,738,932,000 | 11,209,328,000 | 11,078,174,000 | 11,135,538,000 | 10,160,718,000 | 10,022,931,000 | 9,794,366,000 | 9,723,547,000 | 9,456,889,000 | 9,063,472,000 | 8,718,546 | 8,705,637,000 | 8,182,279,000 | 8,103,560,000 | 7,988,086,000 | 6,966,163,000 | 6,666,615,000 | 6,306,686,000 | 6,168,962,000 | 5,932,621,000 | 5,628,677,000 | 5,410,977,000 | 5,248,205,000 | 4,618,867,000 | 4,261,531,000 | 4,153,807,000 | 4,028,608,000 | 3,666,889,000 | 3,370,583,000 | 3,411,785,000 | 3,346,438,000 | 2,465,672,000 | 2,591,698,000 | 2,546,843,000 | 2,514,933,000 | 2,601,935,000 | 2,466,111,000 | 2,552,334,000 | 2,565,363,000 | 2,685,184,000 | 2,728,888,000 | 2,744,194,000 | 2,877,235,000 |
total deposits | 15,294,855,000 | 14,869,979,000 | 14,797,578,000 | 14,461,978,000 | 14,521,626,000 | 14,365,100,000 | 14,569,070,000 | 14,884,584,000 | 14,821,453,000 | 14,646,576,000 | 14,581,155,000 | 14,703,287,000 | 14,382,745,000 | 14,434,825,000 | 14,570,869,000 | 12,905,953,000 | 12,732,577,000 | 12,348,689,000 | 12,203,400,000 | 11,951,780,000 | 11,361,610,000 | 10,906,153 | 10,965,988,000 | 9,870,484,000 | 9,839,956,000 | 9,765,451,000 | 8,319,328,000 | 8,047,798,000 | 7,754,593,000 | 7,633,152,000 | 7,503,815,000 | 7,327,635,000 | 7,172,530,000 | 6,911,019,000 | 6,017,104,000 | 5,635,309,000 | 5,407,554,000 | 5,311,070,000 | 4,789,577,000 | 4,310,123,000 | 4,329,610,000 | 4,283,179,000 | 3,255,846,000 | 3,332,793,000 | 3,310,808,000 | 3,194,751,000 | 3,279,578,000 | 3,064,250,000 | 3,142,533,000 | 3,152,336,000 | 3,268,880,000 | 3,254,351,000 | 3,260,963,000 | 3,397,786,000 |
borrowings: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
federal funds purchased | 40,000,000 | 199,370,000 | 85,000,000 | 185,000,000 | 99,226,000 | 30,000,000 | 147,229,000 | 20,000 | 171,560,000 | 185,000,000 | 100,000,000 | 80,000 | 47,000,000 | 55,000,000 | 75,000,000 | 20,000,000 | 104,000,000 | 90,000,000 | 109,000,000 | 50,000,000 | 144,038,000 | 100,000,000 | 134,608,000 | 102,000,000 | 20,000,000 | 602,000 | 40,748,000 | 61,428,000 | 100,000,000 | 48,357,000 | 115,938,000 | 57,085,000 | 57,024,000 | 10,936,000 | 27,946,000 | 22,978,000 | ||||||||||||||||||
securities sold under repurchase agreements | 103,755,000 | 122,226,000 | 114,758,000 | 122,947,000 | 142,876,000 | 124,894,000 | 100,451,000 | 130,264,000 | 157,280,000 | 152,537,000 | 152,472,000 | 179,067,000 | 167,413,000 | 194,482,000 | 186,468,000 | 169,697,000 | 181,577,000 | 183,589,000 | 146,904,000 | 185,721,000 | 177,102,000 | 187,732 | 181,150,000 | 183,317,000 | 187,946,000 | 191,603,000 | 119,674,000 | 111,783,000 | 113,512,000 | 118,824,000 | 122,513,000 | 138,910,000 | 136,623,000 | 142,107,000 | 127,884,000 | 139,007,000 | 140,777,000 | 150,134,000 | 137,240,000 | 117,892,000 | 133,137,000 | 137,381,000 | 123,935,000 | 161,779,000 | 161,813,000 | 153,454,000 | 139,308,000 | 117,097,000 | 124,236,000 | 115,684,000 | 109,871,000 | 109,647,000 | 107,505,000 | 112,826,000 |
federal home loan bank advances | 798,549,000 | 798,626,000 | 898,702,000 | 972,478,000 | 822,554,000 | 832,629,000 | 832,703,000 | 612,778,000 | 712,852,000 | 713,384,000 | 723,480,000 | 823,577,000 | 823,674,000 | 643,769,000 | 598,865,000 | 308,960,000 | 334,055,000 | 334,149,000 | 334,243,000 | 359,337,000 | 389,430,000 | 399,522 | 400,817,000 | 480,995,000 | 351,072,000 | 354,609,000 | 460,042,000 | 345,013,000 | 314,986,000 | 385,458,000 | 469,261,000 | 449,419,000 | 414,377,000 | 406,820,000 | 312,715,000 | 338,919,000 | 268,579,000 | 263,588,000 | 247,687,000 | 255,423,000 | 220,765,000 | 170,887,000 | 172,292,000 | 92,743,000 | 93,169,000 | 145,467,000 | 131,496,000 | 168,764,000 | 74,050,000 | 104,697,000 | 82,684,000 | 92,628,000 | 100,540,000 | 123,261,000 |
subordinated debentures and other borrowings | 57,630,000 | 57,632,000 | 62,617,000 | 62,619,000 | 93,529,000 | 93,562,000 | 93,589,000 | 118,612,000 | 158,644,000 | 158,665,000 | 151,325,000 | 151,312,000 | 151,298,000 | 151,301,000 | 151,299,000 | 118,677,000 | 118,558,000 | 118,498,000 | 118,439,000 | 118,320 | 285,197,000 | |||||||||||||||||||||||||||||||||
total borrowings | 999,934,000 | 1,177,854,000 | 1,161,077,000 | 1,343,044,000 | 1,158,185,000 | 1,081,085,000 | 1,173,972,000 | 861,654,000 | 1,028,776,000 | 1,024,586,000 | 1,027,277,000 | 1,153,976,000 | 1,313,945,000 | 1,174,552,000 | 1,036,632,000 | 597,334,000 | 634,250,000 | 636,296,000 | 599,645,000 | 663,497,000 | 684,912,000 | 785,574 | 867,164,000 | 840,053,000 | 732,703,000 | 684,842,000 | 793,290,000 | 615,315,000 | 670,961,000 | 732,690,000 | 839,126,000 | 776,626,000 | 834,387,000 | 788,613,000 | 703,949,000 | 708,788,000 | 557,034,000 | 541,847,000 | 552,557,000 | 561,617,000 | 580,776,000 | 483,797,000 | 524,014,000 | 423,385,000 | 366,760,000 | 468,114,000 | 397,709,000 | 508,768,000 | 447,844,000 | 446,781,000 | 418,995,000 | 429,789,000 | 433,912,000 | 430,881,000 |
interest payable | 18,235,000 | 18,240,000 | 16,174,000 | 13,304,000 | 16,102,000 | 18,089,000 | 18,554,000 | 19,262,000 | 18,912,000 | 16,473,000 | 13,595,000 | 11,979,000 | 7,530,000 | 4,971,000 | 2,978,000 | 3,589,000 | 2,762,000 | 3,736,000 | 2,929,000 | 4,020,000 | 3,287,000 | 5,038 | 5,587,000 | 7,746,000 | 6,754,000 | 7,855,000 | 6,740,000 | 7,313,000 | 5,607,000 | 5,920,000 | 4,807,000 | 5,376,000 | 4,390,000 | 4,956,000 | 3,477,000 | 3,875,000 | 3,051,000 | 3,910,000 | 3,211,000 | 3,819,000 | 2,489,000 | 3,192,000 | 1,155,000 | 1,150,000 | 1,348,000 | 1,591,000 | 2,094,000 | 2,186,000 | 3,601,000 | 3,117,000 | 4,262,000 | 4,011,000 | 4,911,000 | 4,812,000 |
other liabilities | 245,410,000 | 333,154,000 | 269,996,000 | 289,247,000 | 311,073,000 | 292,429,000 | 329,302,000 | 327,500,000 | 289,033,000 | 216,369,000 | 200,820,000 | 187,218,000 | 199,316,000 | 197,971,000 | 192,372,000 | 150,749,000 | 170,989,000 | 203,914,000 | 245,323,000 | 203,913,000 | 141,756,000 | 206,929 | 171,544,000 | 197,275,000 | 91,404,000 | 117,901,000 | 116,863,000 | 84,651,000 | 45,295,000 | 54,094,000 | 46,639,000 | 50,086,000 | 52,708,000 | 61,695,000 | 45,383,000 | 48,751,000 | 51,229,000 | 74,449,000 | 45,008,000 | 31,271,000 | 31,649,000 | 30,657,000 | 31,427,000 | 41,643,000 | 35,356,000 | 38,857,000 | 29,044,000 | 30,760,000 | 31,762,000 | 52,419,000 | 24,303,000 | 29,704,000 | 25,933,000 | 53,446,000 |
total liabilities | 16,558,434,000 | 16,399,227,000 | 16,244,825,000 | 16,107,573,000 | 16,006,986,000 | 16,045,179,000 | 16,090,898,000 | 16,093,000,000 | 16,158,174,000 | 15,904,004,000 | 15,822,847,000 | 16,056,460,000 | 15,903,536,000 | 15,812,319,000 | 15,802,851,000 | 13,657,625,000 | 13,540,578,000 | 13,192,635,000 | 13,051,297,000 | 12,823,210,000 | 12,191,565,000 | 11,903,694 | 12,010,283,000 | 10,915,558,000 | 10,670,817,000 | 10,576,049,000 | 9,236,221,000 | 8,755,077,000 | 8,476,456,000 | 8,425,856,000 | 8,394,387,000 | 8,159,723,000 | 8,064,015,000 | 7,766,283,000 | 6,769,913,000 | 6,396,723,000 | 6,018,868,000 | 5,931,276,000 | 5,390,353,000 | 4,906,830,000 | 4,944,524,000 | 4,800,825,000 | 3,812,442,000 | 3,798,971,000 | 3,714,272,000 | 3,703,313,000 | 3,708,425,000 | 3,605,964,000 | 3,625,740,000 | 3,654,653,000 | 3,716,440,000 | 3,717,855,000 | 3,725,719,000 | 3,886,925,000 |
commitments and contingent liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative preferred stock, 1,000 par value, 1,000 liquidation value: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized - 600 cumulative shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 125 cumulative shares | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | |||||||||||||||||||||||||||||||||||||||||
preferred stock, series a, no par value, 2,500 liquidation preference: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized - 10,000 non-cumulative perpetual shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 10,000 non-cumulative perpetual shares | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | |||||||||||||||||||||||||||||||||||||||
common stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized - 100,000,000 shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 56,951,939 and 57,974,535 shares | 7,119,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 1,150,816,000 | 1,158,026,000 | 1,163,170,000 | 1,183,263,000 | 1,188,768,000 | 1,192,683,000 | 1,191,193,000 | 1,208,447,000 | 1,236,506,000 | 1,234,402,000 | 1,233,593,000 | 1,231,532,000 | 1,228,626,000 | 1,226,695,000 | 1,226,378,000 | 987,404,000 | 985,818,000 | 988,659,000 | 1,009,182,000 | 1,007,300,000 | 1,005,366,000 | 1,003,777 | 1,002,962,000 | 1,000,942,000 | 1,054,997,000 | 1,053,148,000 | 841,365,000 | 839,919,000 | 840,052,000 | 837,996,000 | 836,549,000 | 834,894,000 | 834,870,000 | 833,451,000 | 593,904,000 | 509,953,000 | 505,725,000 | 504,661,000 | 432,294,000 | 395,582,000 | 394,774,000 | 393,765,000 | 258,350,000 | 257,626,000 | 256,966,000 | 256,290,000 | 255,116,000 | 254,801,000 | 233,544,000 | 233,032,000 | 232,503,000 | 231,979,000 | 231,372,000 | 230,764,000 |
retained earnings | 1,413,742,000 | 1,377,966,000 | 1,342,473,000 | 1,306,911,000 | 1,272,528,000 | 1,229,125,000 | 1,200,930,000 | 1,181,939,000 | 1,154,624,000 | 1,132,962,000 | 1,097,399,000 | 1,057,298,000 | 1,012,774,000 | 961,542,000 | 917,311,000 | 897,818,000 | 864,839,000 | 832,728,000 | 795,666,000 | 755,877,000 | 788,578,000 | 757,550 | 735,439,000 | 716,518,000 | 696,520,000 | 663,173,000 | 639,362,000 | 611,220,000 | 583,336,000 | 552,551,000 | 522,362,000 | 493,624,000 | 465,231,000 | 449,759,000 | 434,309,000 | 417,983,000 | 369,568,000 | 355,317,000 | 319,298,000 | 280,187,000 | 266,980,000 | 254,735,000 | 233,546,000 | 225,034,000 | 216,530,000 | 198,094,000 | 181,664,000 | 162,669,000 | 169,313,000 | 165,075,000 | 160,860,000 | 158,074,000 | 158,118,000 | 150,595,000 |
accumulated other comprehensive loss | -130,135,000 | -155,864,000 | -189,975,000 | -190,311,000 | -188,685,000 | -151,825,000 | -211,979,000 | -198,029,000 | -175,970,000 | -307,270,000 | -217,964,000 | -198,914,000 | -1,595,000 | -21,422,000 | -35,409,000 | -24,868,000 | -21,725,000 | -2,908,000 | -6,358,000 | -6,490,000 | -1,016,000 | -16,198,000 | -15,179,000 | -6,748,000 | -2,021,000 | -3,325,000 | -5,833,000 | -6,914,000 | -10,157,000 | -2,926,000 | -8,289,000 | |||||||||||||||||||||||
total stockholders' equity | 2,466,667,000 | 2,412,402,000 | 2,347,952,000 | 2,332,214,000 | 2,304,983,000 | 2,302,373,000 | 2,212,525,000 | 2,224,803,000 | 2,247,713,000 | 2,092,644,000 | 2,145,565,000 | 2,122,448,000 | 2,034,770,000 | 1,906,666,000 | 1,977,641,000 | 1,807,633,000 | 1,912,571,000 | 1,868,090,000 | 1,871,800,000 | 1,805,856,000 | 1,875,645,000 | 1,833,656 | 1,809,095,000 | 1,777,960,000 | 1,786,437,000 | 1,749,012,000 | 1,501,636,000 | 1,455,848,000 | 1,408,260,000 | 1,361,426,000 | 1,340,328,000 | 1,313,073,000 | 1,303,463,000 | 1,283,120,000 | 1,035,116,000 | 929,470,000 | 887,550,000 | 867,263,000 | 749,955,000 | 684,553,000 | 670,596,000 | 652,111,000 | 513,469,000 | 539,293,000 | 538,558,000 | 546,855,000 | 527,941,000 | 512,545,000 | 468,478,000 | 462,522,000 | 454,408,000 | 462,465,000 | 457,529,000 | 488,941,000 |
total liabilities and stockholders' equity | 19,025,101,000 | 18,811,629,000 | 18,592,777,000 | 18,439,787,000 | 18,311,969,000 | 18,347,552,000 | 18,303,423,000 | 18,317,803,000 | 18,405,887,000 | 17,996,648,000 | 17,968,412,000 | 18,178,908,000 | 17,938,306,000 | 17,718,985,000 | 17,780,492,000 | 15,465,258,000 | 15,453,149,000 | 15,060,725,000 | 14,923,097,000 | 14,629,066,000 | 14,067,210,000 | 13,737,350 | 13,819,378,000 | 12,693,518,000 | 12,457,254,000 | 12,325,061,000 | 10,737,857,000 | 10,210,925,000 | 9,884,716,000 | 9,787,282,000 | 9,734,715,000 | 9,472,796,000 | 9,367,478,000 | 9,049,403,000 | 7,805,029,000 | 7,326,193,000 | 6,906,418,000 | 6,798,539,000 | 6,140,308,000 | 5,591,383,000 | 5,615,120,000 | 5,452,936,000 | 4,325,911,000 | 4,338,264,000 | 4,252,830,000 | 4,250,168,000 | 4,236,366,000 | 4,118,509,000 | 4,094,218,000 | 4,117,175,000 | 4,170,848,000 | 4,180,320,000 | 4,183,248,000 | 4,375,866,000 |
issued and outstanding - 57,192,497 and 57,974,535 shares | 7,149,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 57,272,433 and 57,974,535 shares | 7,159,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 57,810,232 and 57,974,535 shares | 7,226,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 57,974,535 and 59,424,122 shares | 7,247,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
deposits and other liabilities held for sale | 288,476,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 58,117,115 and 59,424,122 shares | 7,265,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 58,045,653 and 59,424,122 shares | 7,256,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 58,564,819 and 59,424,122 shares | 7,321,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized - 600 shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 125 shares | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | |||||||||||||||||||||
issued and outstanding - 59,424,122 and 59,170,583 shares | 7,428,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 59,398,022 and 59,170,583 shares | 7,425,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 59,297,148 and 59,170,583 shares | 7,412,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 59,257,051 and 59,170,583 shares | 7,407,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 59,170,583 and 53,410,411 shares | 7,396,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -239,151,000 | -314,089,000 | -198,556,000 | -84,392,000 | 55,113,000 | 39,889,000 | 60,080,000 | 35,810,000 | 74,836,000 | 65,468 | 63,845,000 | 53,656,000 | 27,874,000 | 25,648,000 | 14,602,000 | 1,384,000 | -3,722,000 | 7,035,000 | 2,066,000 | 4,150,000 | 4,210,000 | 600,000 | 1,329,000 | |||||||||||||||||||||||||||||||
preferred stock, 1,000 par value, 1,000 liquidation value: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 59,145,414 and 53,410,411 shares | 7,393,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 59,059,866 and 53,410,411 shares | 7,383,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 53,424,823 and 53,410,411 shares | 6,678,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity, net of allowance for credit losses of 245 and 0 | 2,179,802,000 | 2,070,938,000 | 1,721,414,000 | 1,295,289,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
less: allowance for credit losses - loans 1 | -195,397,000 | -199,972,000 | -199,775,000 | -201,082,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
subordinated debentures and term loans | 118,618,000 | 118,380,000 | 128,741,000 | 138,685,000 | 138,630,000 | 138,574,000 | 138,519,000 | 138,463,000 | 138,408,000 | 138,352,000 | 138,297,000 | 139,349,000 | 139,686,000 | 128,742,000 | 128,862,000 | 127,678,000 | 127,523,000 | 126,882,000 | 126,874,000 | 126,874,000 | 127,172,000 | 111,849,000 | 111,778,000 | 111,778,000 | 112,169,000 | |||||||||||||||||||||||||||||
issued and outstanding - 53,410,411 and 53,922,359 shares | 6,676,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 169,261,000 | 167,596,000 | 187,901,000 | 192,896,000 | 164,632 | 229,759,000 | 127,731,000 | 177,201,000 | 202,383,000 | 128,185,000 | 115,878,000 | 139,247,000 | 142,501,000 | 133,893,000 | 128,828,000 | 154,905,000 | 146,607,000 | 142,650,000 | 104,247,000 | 120,471,000 | 85,738,000 | 105,928,000 | 74,237,000 | 115,891,000 | 112,920,000 | 92,341,000 | 69,404,000 | 51,592,000 | 57,027,000 | 60,166,000 | 50,874,000 | 50,375,000 | 58,307,000 | 61,128,000 | 64,324,000 | 59,723,000 | ||||||||||||||||||
issued and outstanding - 53,510,745 and 53,922,359 shares | 6,689,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 53,972,386 and 53,922,359 shares | 6,747,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 53,953,723 and 53,922,359 shares | 6,744,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity | 1,227,668,000 | 1,109,126 | 898,786,000 | 882,179,000 | 806,038,000 | 843,021,000 | 692,965,000 | 615,027,000 | 490,387,000 | 476,089,000 | 522,846,000 | 540,021,000 | 560,655,000 | 578,166,000 | 600,564,000 | 596,429,000 | 638,972,000 | 633,992,000 | 637,101,000 | 621,818,000 | 598,903,000 | 544,470,000 | 307,794,000 | 324,399,000 | 336,696,000 | 377,097,000 | 412,724,000 | 441,220,000 | 347,154,000 | 310,483,000 | 287,427,000 | 184,313,000 | 170,597,000 | 163,485,000 | ||||||||||||||||||||
less: allowance for loan losses | -130,648,000 | -80,284,000 | -80,552,000 | -75,032,000 | -82,977,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 53,922,359 and 55,368,482 shares | 6,740,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 126,726 and 80,284 | 9,117,107 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 53,891,733 and 55,368,482 shares | 6,736 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
interest-bearing time deposits | 380,021,000 | 132,944,000 | 118,263,000 | 230,101,000 | 129,614,000 | 70,672,000 | 36,963,000 | 66,763,000 | 36,599,000 | 24,233,000 | 35,027,000 | 72,950,000 | 48,305,000 | 20,439,000 | 62,533,000 | 77,453,000 | 26,669,000 | 24,171,000 | 27,856,000 | 37,078,000 | 18,875,000 | 59,898,000 | 60,407,000 | 35,324,000 | 34,290,000 | 16,115,000 | 15,865,000 | 61,843,000 | 65,216,000 | 114,401,000 | 40,823,000 | 157,735,000 | ||||||||||||||||||||||
loans, net of allowance for loan losses of 121,119 and 80,284 | 9,177,422,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 53,795,500 and 55,368,482 shares | 6,724,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 99,454 and 80,284 | 8,507,395,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 53,754,137 and 55,368,482 shares | 6,719,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 55,368,482 and 49,349,800 shares | 6,921,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 80,571 and 80,552 | 8,218,689,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 55,345,672 and 49,349,800 shares | 6,918,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 81,274 and 80,552 | 7,430,096,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 49,456,594 and 49,349,800 shares | 6,182,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 80,902 and 80,552 | 7,218,418,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 49,428,468 and 49,349,800 shares | 6,179,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 49,349,800 and 49,158,238 shares | 6,169,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 78,406 and 75,032 | 7,009,665,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 49,304,542 and 49,158,238 shares | 6,163,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 77,543 and 75,032 | 7,003,516,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 49,280,188 and 49,158,238 shares | 6,160,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 76,420 and 75,032 | 6,825,276,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 49,243,096 and 49,158,238 shares | 6,155,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized - 100,000,000 and 50,000,000 shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 49,158,238 and 40,912,697 shares | 6,145,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
on may 1, 2017, the shareholders of first merchants corporation approved an amendment to the articles of incorporation to increase the number of shares of common stock authorized to issue from 50,000,000 to 100,000,000 shares. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 73,354 and 66,037 | 6,410,094,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 49,140,594 and 40,912,697 shares | 6,143,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 70,471 and 66,037 | 5,542,673,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
core deposit intangibles | 17,498,000 | 13,963,000 | 16,821,000 | 17,799,000 | 14,820,000 | 12,043,000 | 12,635,000 | 13,227,000 | 7,001,000 | 7,384,000 | 7,767,000 | 8,644,000 | 9,129,000 | 9,705,000 | 10,460,000 | 11,561,000 | 12,662,000 | 13,823,000 | 14,983,000 | 16,175,000 | ||||||||||||||||||||||||||||||||||
issued and outstanding - 43,153,509 and 40,912,697 shares | 5,394,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 68,225 and 66,037 | 5,206,684,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
federal reserve and federal home loan bank stock | 17,964,000 | 18,096,000 | 37,553,000 | 34,630,000 | 43,127,000 | 43,127,000 | 38,990,000 | 32,790,000 | 32,790,000 | 32,777,000 | 32,824,000 | 33,026,000 | 31,381,000 | 31,384,000 | 33,801,000 | 33,884,000 | 36,271,000 | 36,218,000 | 36,721,000 | |||||||||||||||||||||||||||||||||||
authorized - 50,000,000 shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 41,047,543 and 40,912,697 shares | 5,131,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 62,186 and 62,453 | 4,729,243,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 40,772,896 and 40,664,259 shares | 5,097,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 62,086 and 62,453 | 4,647,821,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 40,749,340 and 40,664,259 shares | 5,094,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 62,550 and 63,964 | 4,175,655,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 37,824,649 and 37,669,948 shares | 4,728,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 65,596 and 67,870 | 3,706,871,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 36,074,246 and 35,921,761 shares | 4,509,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage loans held for sale | 7,370,000 | 6,586,000 | 5,312,000 | 14,531,000 | 26,555,000 | 27,711,000 | 22,138,000 | 12,257,000 | 4,846,000 | 2,111,000 | 21,469,000 | 15,390,000 | 7,600,000 | 3,646,000 | ||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 68,367 and 67,870 | 3,654,366,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 36,052,209 and 35,921,761 shares | 4,507,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 69,583 and 67,870 | 3,547,044,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 36,014,083 and 35,921,761 shares | 4,502,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 66,224 and 69,366 | 2,859,233,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no-par value, 1,000 liquidation value: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized - 500,000 shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
senior non-cumulative perpetual preferred stock, series b | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 34,043 and 90,782.94 shares | 34,043,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 28,825,465 and 28,692,616 shares | 3,603,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 68,202 and 69,366 | 2,851,878,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 68,087 and 90,782.94 shares | 68,087,000 | 68,087,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 28,801,848 and 28,692,616 shares | 3,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 68,537 and 69,366 | 2,811,005,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 28,780,609 and 28,692,616 shares | 3,598,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 69,493 and 70,898 | 2,766,831,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 90,782.94 shares | 90,783,000 | 90,783,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 28,672,177 and 28,559,707 shares | 3,584,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 70,369 and 70,898 | 2,722,620,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
subordinated debentures, revolving credit lines and term loans | 115,969,000 | 194,961,000 | 226,580,000 | 226,400,000 | 226,440,000 | 227,514,000 | 225,867,000 | 194,794,000 | ||||||||||||||||||||||||||||||||||||||||||||||
authorized -- 500,000 shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized -- 600 shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding -- 125 shares | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | ||||||||||||||||||||||||||||||||||||||||||||||
authorized -- 50,000,000 shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 28,622,586 and 28,559,707 shares | 3,578,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
federal funds sold | 6,092,000 | 7,463,000 | 6,392,000 | 4,101,000 | 7,044,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 73,074 and 82,977 | 2,639,864,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no-par value: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a, issued and outstanding - 0 and 69,600 shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 90,782.94 and 0 shares | 90,783,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 28,538,164 and 25,574,251 shares | 3,567,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 77,133 and 82,977 | 2,646,889,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
series a, issued and outstanding - 69,600 shares | 68,118,000 | 67,998,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 25,690,649 and 25,574,251 shares | 3,211,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 80,936 and 82,977 | 2,683,192,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 25,650,057 and 25,574,251 shares | 3,206,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
series a, issued and outstanding - 69,600 and 116,000 shares | 67,880,000 | 67,764,000 | 67,649,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 25,574,251 and 21,227,741 shares | 3,197,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 83,660 and 92,131 | 2,829,704,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 25,553,601 and 21,227,741 shares | 3,194,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 86,970 and 92,131 | 2,964,376,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 25,524,948 and 21,227,741 shares | 3,191,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 88,568 and 92,131 | 3,045,972,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
series a, issued and outstanding - 116,000 shares | 112,559,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding - 25,495,550 and 21,227,741 shares | 3,187,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flow from operating activities: | ||||||||||||||||||||||||||||
net income | 57,065,000 | 56,765,000 | 56,832,000 | 55,339,000 | 64,349,000 | 49,187,000 | 39,925,000 | 47,941,000 | 42,479,000 | 56,366,000 | 60,862,000 | 64,079,000 | 70,760,000 | 63,752,000 | 38,991,000 | 48,586,000 | 47,733,000 | 52,770,000 | 55,559,000 | 49,469,000 | -103,316,400 | 36,210,000 | 32,992,000 | 34,263,000 | 47,830,000 | 36,757,000 | 41,056,000 | 38,817,000 |
adjustments to reconcile net income to net cash from operating activities | ||||||||||||||||||||||||||||
share-based compensation | -2,416,000 | 1,754,000 | 1,567,000 | 1,595,000 | -2,131,000 | 1,437,000 | 1,352,000 | 1,402,000 | -1,989,000 | 1,360,000 | 1,235,000 | 1,197,000 | -1,771,000 | 1,186,000 | 1,144,000 | 1,100,000 | -2,052,000 | 1,217,000 | 1,208,000 | 1,190,000 | -3,566,498 | 1,135,000 | 1,213,000 | 1,220,000 | -1,548,000 | 1,062,000 | 844,000 | 981,000 |
equity in undistributed income of subsidiaries | ||||||||||||||||||||||||||||
other adjustments | 635,000 | 6,502,000 | -6,942,000 | -788,000 | -20,258,000 | 2,856,000 | 14,906,000 | -1,119,000 | 6,170,000 | -7,877,000 | -9,778,000 | 9,039,000 | 8,912,000 | 566,000 | -8,348,000 | -7,388,000 | -4,934,000 | -967,000 | -1,334,000 | 6,062,000 | -21,895,000 | 7,190,000 | 20,816,000 | 13,390,000 | -2,260,000 | 7,019,000 | ||
net cash from operating activities | -64,968,000 | 87,559,000 | 53,675,000 | 61,700,000 | -31,719,000 | 76,831,000 | 63,027,000 | 58,848,000 | -55,539,000 | 58,967,000 | 35,874,000 | 77,857,000 | -71,918,000 | 49,620,000 | 44,843,000 | 50,221,000 | -9,883,000 | 66,410,000 | 42,307,000 | 52,810,000 | -145,163,611 | 30,519,000 | 43,215,000 | 71,493,000 | -26,699,000 | 53,521,000 | 31,067,000 | 51,941,000 |
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
free cash flows | -64,968,000 | 87,559,000 | 53,675,000 | 61,700,000 | -31,719,000 | 76,831,000 | 63,027,000 | 58,848,000 | -55,539,000 | 58,967,000 | 35,874,000 | 77,857,000 | -71,918,000 | 49,620,000 | 44,843,000 | 50,221,000 | -9,883,000 | 66,410,000 | 42,307,000 | 52,810,000 | -145,163,611 | 30,519,000 | 43,215,000 | 71,493,000 | -26,699,000 | 53,521,000 | 31,067,000 | 51,941,000 |
cash flow from investing activities: | ||||||||||||||||||||||||||||
proceeds from business divestitures | ||||||||||||||||||||||||||||
net cash from investing activities | -68,179,000 | -85,445,000 | 216,044,000 | -217,374,000 | -125,733,000 | 58,555,000 | -190,451,000 | -210,783,000 | -235,287,000 | -613,188,000 | 60,186,000 | -1,050,543,000 | -189,099,000 | 830,910,000 | -74,052,000 | -455,952,000 | -300,828,000 | |||||||||||
cash flow from financing activities: | ||||||||||||||||||||||||||||
cash dividends on common stock | -20,820,000 | -20,804,000 | -20,801,000 | -20,487,000 | -20,477,000 | -20,524,000 | -20,465,000 | -20,157,000 | -20,348,000 | -20,335,000 | -20,292,000 | -19,086,000 | -19,060,000 | -19,052,000 | -19,029,000 | -15,607,000 | -15,708,000 | -15,770,000 | -14,130,000 | -14,099,000 | -14,071,000 | -14,265,000 | -12,946,000 | -12,914,000 | -10,933,000 | |||
cash dividends on preferred stock | -469,000 | -468,000 | -469,000 | -469,000 | -469,000 | -468,000 | -469,000 | -469,000 | -469,000 | -468,000 | -469,000 | -469,000 | -468,000 | -469,000 | ||||||||||||||
repayment of borrowings | 799,422,000 | -155,120,000 | -408,327,000 | -270,975,000 | 434,542,000 | -217,390,000 | -114,970,000 | -167,182,000 | -10,147,000 | -386,758,000 | -646,683,000 | -250,153,000 | -280,095,000 | -36,975,000 | -94,000 | -63,911,000 | -30,093,000 | 510,805,690 | -178,231,000 | -259,885,000 | -72,710,000 | -216,282,000 | -59,979,000 | -350,710,000 | ||||
stock issued under employee benefit plans | 148,000 | 163,000 | 144,000 | 173,000 | 145,000 | 168,000 | 157,000 | 186,000 | 164,000 | 210,000 | 181,000 | 199,000 | 186,000 | 203,000 | 160,000 | 139,000 | 162,000 | 144,000 | -459,361 | 151,000 | 184,000 | 156,000 | 188,000 | 174,000 | ||||
stock issued under dividend reinvestment and stock purchase plan | ||||||||||||||||||||||||||||
stock options exercised | 124,000 | 93,000 | 111,000 | 126,000 | 0 | 88,000 | 0 | 0 | 100,000 | 1,010,000 | 22,000 | 0 | 299,000 | 37,000 | 0 | 0 | 27,000 | 171,000 | -82,885 | 0 | 76,000 | 7,000 | 23,000 | 16,000 | 65,000 | 40,000 | ||
repurchases of common stock | ||||||||||||||||||||||||||||
net cash used by financing activities | ||||||||||||||||||||||||||||
net change in cash and cash equivalents | -25,756,000 | 6,512,000 | -4,546,000 | -1,503,000 | -5,932,000 | -20,653,000 | 4,858,000 | -12,135,000 | 41,540,000 | 16,198,000 | -16,843,000 | 3,224,000 | -23,148,000 | -93,027,000 | 64,282,000 | -18,869,000 | 1,665,000 | -20,305,000 | -4,995,000 | -65,127,000 | 102,028,000 | -49,470,000 | 74,198,000 | 12,307,000 | -23,369,000 | |||
cash and cash equivalents, beginning of the year | ||||||||||||||||||||||||||||
cash and cash equivalents, end of year | ||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||
benefit from credit losses | 4,300,000 | 5,600,000 | 4,200,000 | 5,000,000 | 24,500,000 | 2,000,000 | 0 | |||||||||||||||||||||
depreciation and amortization | 8,007,000 | 7,871,000 | 7,840,000 | 3,922,000 | 3,486,000 | 3,194,000 | 2,867,000 | 2,835,000 | 2,964,000 | 3,079,000 | 3,055,000 | 2,668,000 | 2,645,000 | 2,694,000 | 2,748,000 | 2,779,000 | 2,761,000 | 2,674,000 | 2,358,000 | 2,170,000 | 2,209,000 | |||||||
change in deferred taxes | 83,000 | -1,526,000 | -652,000 | 1,772,000 | 3,616,000 | -2,260,000 | 5,386,000 | 1,966,000 | -3,395,000 | 5,391,000 | -1,050,000 | -1,665,000 | 476,000 | 1,900,000 | -3,079,000 | 1,494,000 | -10,847,000 | -7,662,000 | -699,000 | -1,138,000 | 740,000 | |||||||
loans originated for sale | -121,648,000 | -141,506,000 | -95,744,000 | -323,822,000 | -268,889,000 | -182,793,000 | -295,552,000 | -197,862,000 | -74,212,000 | -74,960,000 | -40,207,000 | -63,805,000 | -135,581,000 | -163,719,000 | -111,558,000 | -155,589,000 | -158,910,000 | -163,378,000 | -177,556,000 | -115,902,000 | -67,596,000 | |||||||
proceeds from sales of loans held for sale | 130,907,000 | 140,297,000 | 95,159,000 | 330,378,000 | 254,721,000 | 188,347,000 | 294,733,000 | 182,134,000 | 74,746,000 | 59,825,000 | 44,286,000 | 72,456,000 | 151,195,000 | 156,977,000 | 114,383,000 | 158,362,000 | 166,276,000 | 170,307,000 | 177,417,000 | 114,727,000 | 69,940,000 | |||||||
gains on sales of loans held for sale | -3,666,000 | -4,570,000 | -3,756,000 | -5,764,000 | -3,006,000 | -1,738,000 | -2,856,000 | -2,161,000 | -848,000 | -1,199,000 | -1,250,000 | -1,402,000 | -3,022,000 | -7,410,000 | -3,289,000 | -5,055,000 | -3,228,000 | -2,931,000 | -1,917,000 | -1,349,000 | -896,000 | |||||||
net incomees on sales and redemptions of securities available for sale | 0 | 1,000 | 7,000 | 9,114,000 | 49,000 | 2,000 | ||||||||||||||||||||||
increase in cash surrender value of life insurance | -1,517,000 | -1,610,000 | -1,540,000 | -1,265,000 | -1,414,000 | -1,449,000 | -1,210,000 | -1,316,000 | -1,287,000 | |||||||||||||||||||
gains on life insurance benefits | -150,000 | -303,000 | -639,000 | -1,490,000 | -515,000 | -143,000 | -551,000 | -780,000 | -1,000 | -5,279,000 | -29,000 | -520,000 | -1,270,000 | 0 | -147,000 | -1,000 | 0 | |||||||||||
change in interest receivable | 4,156,000 | -4,906,000 | 3,477,000 | 5,467,000 | -4,996,000 | 5,114,000 | -227,000 | -4,269,000 | -445,000 | -2,877,000 | -5,459,000 | 1,106,000 | 1,094,000 | 489,000 | -714,000 | 4,071,000 | -9,574,000 | 1,412,000 | 2,588,000 | -4,219,000 | -50,000 | |||||||
change in interest payable | 2,066,000 | 2,870,000 | -2,798,000 | 39,000 | -708,000 | 350,000 | 2,878,000 | 1,616,000 | 4,449,000 | 1,993,000 | -1,676,000 | 827,000 | 807,000 | -1,091,000 | 733,000 | -549,000 | -2,159,000 | 992,000 | 1,058,000 | -573,000 | 1,706,000 | |||||||
cash flows from investing activities: | ||||||||||||||||||||||||||||
net change in interest-bearing deposits | 54,637,000 | 108,191,000 | -32,643,000 | -190,598,000 | 241,969,000 | 25,583,000 | -129,159,000 | 133,215,000 | -226,634,000 | -42,891,000 | 258,560,000 | 78,892,000 | 69,416,000 | -46,057,000 | -501,000 | 106,085,000 | -247,077,000 | -14,681,000 | 180,741,000 | -58,942,000 | -33,709,000 | |||||||
purchase of securities available for sale | ||||||||||||||||||||||||||||
proceeds from sales of securities available for sale | 33,231,000 | 100,855,000 | 213,232,000 | 158,101,000 | 331,558,000 | 35,029,000 | 85,119,000 | 24,641,000 | 48,016,000 | 39,314,000 | 70,832,000 | 96,558,000 | 20,788,000 | 47,945,000 | 34,107,000 | |||||||||||||
proceeds from maturities and redemptions of: | ||||||||||||||||||||||||||||
securities available for sale | 53,897,000 | 0 | -5,906,000 | -31,135,000 | -30,097,000 | -32,231,000 | -11,143,000 | 0 | -1,400,000 | -125,904,000 | -262,100,000 | -62,164,000 | -160,627,000 | -49,305,000 | -597,901,000 | -14,291,000 | -253,617,000 | -87,499,000 | -129,513,000 | -180,768,000 | -125,523,000 | |||||||
securities held to maturity | 26,496,000 | 24,958,000 | 24,729,000 | 20,006,000 | 0 | -14,400,000 | -67,171,000 | -206,523,000 | -399,206,000 | -482,970,000 | -135,098,000 | -285,380,000 | -94,952,000 | -126,759,000 | -158,607,000 | -99,702,000 | -138,857,000 | |||||||||||
purchases of federal home loan bank stock | -1,000 | |||||||||||||||||||||||||||
redemptions of federal home loan bank stock | 27,000 | |||||||||||||||||||||||||||
payment of capital calls to qualified affordable housing investments | -11,373,000 | -11,383,000 | -12,213,000 | -6,305,000 | -7,958,000 | -7,975,000 | ||||||||||||||||||||||
net change in loans | -224,195,000 | -317,054,000 | -139,975,000 | -34,563,000 | -228,426,000 | 56,511,000 | -18,698,000 | -147,263,000 | -238,872,000 | -269,879,000 | -417,458,000 | -116,409,000 | 79,643,000 | 119,584,000 | -72,704,000 | 47,771,000 | -691,922,000 | -148,882,000 | -64,521,000 | -212,232,000 | -75,963,000 | |||||||
proceeds from the sale of other real estate owned | 348,000 | 5,496,000 | 228,000 | 51,000 | 196,000 | 78,000 | 1,074,000 | 55,000 | 46,000 | 148,000 | 173,000 | 174,000 | 148,000 | 35,000 | 495,000 | 367,000 | 289,000 | 303,000 | 744,000 | 539,000 | 288,000 | |||||||
proceeds from life insurance benefits | 779,000 | 1,136,000 | 2,167,000 | 4,521,000 | 1,578,000 | 1,865,000 | 2,675,000 | 4,166,000 | 509,000 | 22,736,000 | 319,000 | 856,000 | 5,105,000 | 509,000 | 315,000 | 343,000 | 183,000 | |||||||||||
proceeds from mortgage portfolio loan sale | 0 | 0 | ||||||||||||||||||||||||||
proceeds from commercial portfolio loan sale | 0 | 0 | 3,273,000 | 22,449,000 | ||||||||||||||||||||||||
net cash used by investing activities | ||||||||||||||||||||||||||||
cash flows from financing activities: | ||||||||||||||||||||||||||||
net increase in: | ||||||||||||||||||||||||||||
demand and savings deposits | 27,051,000 | 204,926,000 | 75,609,000 | 76,741,000 | -354,729,000 | -30,726,000 | -51,508,000 | -346,164,000 | -184,063,000 | -72,329,000 | -169,122,000 | 211,458,000 | 199,727,000 | 315,681,000 | 620,609,000 | 231,324,000 | 1,310,495,000 | 109,276,000 | 329,181,000 | 228,771,000 | 171,543,000 | |||||||
certificates of deposit and other time deposits | 45,350,000 | 130,674,000 | -135,257,000 | 7,002,000 | 39,215,000 | 93,857,000 | 116,929,000 | 224,032,000 | 504,605,000 | -63,715,000 | -96,752,000 | -38,082,000 | -54,438,000 | -64,061,000 | -30,439,000 | -291,159,000 | -214,991,000 | -78,748,000 | 11,016,000 | 42,759,000 | 121,662,000 | |||||||
proceeds from borrowings | ||||||||||||||||||||||||||||
stock issued under dividend reinvestment and stock purchase plans | 597,000 | 574,000 | 566,000 | 575,000 | 559,000 | 542,000 | 539,000 | 550,000 | 514,000 | 528,000 | 537,000 | 471,000 | 474,000 | 488,000 | 443,000 | 430,000 | 435,000 | 428,000 | 400,000 | 369,000 | 340,000 | |||||||
repurchase of common stock | -6,476,000 | -22,095,000 | -7,905,000 | 0 | -19,981,000 | -29,974,000 | 0 | 0 | -55,912,000 | |||||||||||||||||||
net cash provided (used) by financing activities | 62,283,000 | 111,097,000 | 97,215,000 | -153,863,000 | 42,676,000 | |||||||||||||||||||||||
cash and cash equivalents, january 1 | 0 | 0 | 87,616,000 | 0 | 0 | 112,649,000 | 0 | 0 | 122,594,000 | 0 | 0 | 167,146,000 | 0 | 0 | 192,896,000 | 0 | 0 | 177,201,000 | 0 | 0 | 139,247,000 | |||||||
cash and cash equivalents, september 30 | ||||||||||||||||||||||||||||
additional cash flow information: | ||||||||||||||||||||||||||||
interest paid | 99,364,000 | 93,851,000 | 95,046,000 | 110,438,000 | 108,518,000 | 108,487,000 | 92,872,000 | 81,914,000 | 57,830,000 | 21,039,000 | 13,096,000 | 6,433,000 | 8,026,000 | 10,102,000 | 8,655,000 | 13,853,000 | 18,393,000 | 24,938,000 | 28,085,000 | 27,934,000 | 22,241,000 | |||||||
income tax paid | 5,335,000 | 14,358,000 | -1,296,000 | 1,107,000 | 5,301,000 | -1,000 | 5,211,000 | 28,648,000 | -1,118,000 | 3,317,000 | 1,035,000 | 7,750,000 | 6,586,000 | 32,667,000 | 7,836,000 | |||||||||||||
loans transferred to other real estate owned | 1,559,000 | 397,000 | 246,000 | 488,000 | 84,000 | 127,000 | 144,000 | 0 | 1,080,000 | 105,000 | 445,000 | 5,868,000 | 228,000 | 20,000 | 44,000 | 0 | 0 | 761,000 | 6,588,000 | 54,000 | 260,000 | |||||||
fixed assets transferred to other real estate owned | 326,000 | 854,000 | 0 | 5,115,000 | 1,167,000 | 0 | 0 | 663,000 | 302,000 | |||||||||||||||||||
non-cash investing activities using trade date accounting | 63,437,000 | -8,998,000 | 15,743,000 | -11,056,000 | -12,914,000 | 41,719,000 | -22,449,000 | 34,692,000 | 1,168,000 | 5,246,000 | -36,741,000 | 37,994,000 | 66,558,000 | 53,090,000 | -31,247,000 | 44,362,000 | -26,725,000 | 26,039,000 | 14,579,000 | |||||||||
rou assets obtained in exchange for new operating lease liabilities | 304,000 | 227,000 | 161,000 | 1,330,000 | 2,245,000 | 3,343,000 | 125,000 | 859,000 | 646,000 | 85,000 | 8,943,000 | 53,000 | 1,159,000 | 1,046,000 | 386,000 | 8,000 | 1,319,000 | 79,000 | 112,000 | 60,000 | 23,324,000 | |||||||
qualified affordable housing investments obtained in exchange for funding commitments | 0 | 500,000 | ||||||||||||||||||||||||||
reclassification of loans and other branch assets to held for sale | ||||||||||||||||||||||||||||
reclassification of deposits and other branch liabilities to held for sale | ||||||||||||||||||||||||||||
purchases of: | ||||||||||||||||||||||||||||
net cash provided (used) by investing activities | -169,318,000 | -160,418,000 | ||||||||||||||||||||||||||
net change in: | ||||||||||||||||||||||||||||
borrowings | 226,360,000 | 455,834,000 | 124,503,000 | 427,288,000 | 60,000 | 7,456,000 | 260,059,000 | 486,714,000 | 388,073,000 | 525,198,000 | 59,000 | 36,745,000 | 59,000 | 8,678,000 | 96,641,000 | 286,996,000 | 180,060,000 | 2,229,000 | 237,950,000 | 295,060,000 | ||||||||
cash and cash equivalents, june 30 | ||||||||||||||||||||||||||||
change in federal home loan bank stock | -3,316,000 | 22,000 | 20,000 | 11,000 | 45,000 | 36,000 | -3,353,000 | 55,000 | -1,000 | 2,314,000 | ||||||||||||||||||
cash and cash equivalents, march 31 | 86,113,000 | 100,514,000 | 125,818,000 | 148,277,000 | 187,901,000 | 127,731,000 | 115,878,000 | |||||||||||||||||||||
net cash and cash equivalents paid in acquisition | ||||||||||||||||||||||||||||
net cash from financing activities | -29,305,000 | 142,741,000 | -16,914,000 | -39,116,000 | 121,361,000 | 146,038,000 | 172,675,000 | 555,383,000 | -155,832,000 | 1,109,356,000 | 68,136,000 | 94,729,000 | 437,192,000 | 225,518,000 | ||||||||||||||
net cash provided (used) in investing activities | 82,880,000 | |||||||||||||||||||||||||||
net change in : | ||||||||||||||||||||||||||||
distributions in excess of (equity in undistributed) income of subsidiaries | ||||||||||||||||||||||||||||
net (gains) losses on sales of securities available for sale | 1,650,000 | 1,392,000 | 1,571,000 | |||||||||||||||||||||||||
proceeds from maturities of: | ||||||||||||||||||||||||||||
net cash received (paid) in acquisition | 0 | |||||||||||||||||||||||||||
in conjunction with the acquisitions, liabilities were assumed as follows: | ||||||||||||||||||||||||||||
fair value of assets acquired | 0 | 0 | ||||||||||||||||||||||||||
cash paid in acquisition | 0 | 0 | ||||||||||||||||||||||||||
less: common stock issued | 0 | |||||||||||||||||||||||||||
less: preferred stock issued | 0 | |||||||||||||||||||||||||||
liabilities assumed | 0 | 0 | ||||||||||||||||||||||||||
investment in subsidiaries - operating activities | ||||||||||||||||||||||||||||
gains on sales of securities available for sale | -481,000 | -90,000 | -566,000 | -1,756,000 | -1,761,000 | -1,799,000 | -1,817,000 | -3,068,000 | -4,612,000 | -393,000 | -1,843,000 | -1,140,000 | ||||||||||||||||
increase in cash surrender of life insurance | -1,376,000 | -1,279,000 | -1,176,000 | -1,198,000 | -1,205,000 | -1,189,000 | -1,170,000 | -1,231,000 | -1,360,000 | -1,144,000 | -927,000 | -989,000 | ||||||||||||||||
net cash received in acquisition | -10,129,000 | |||||||||||||||||||||||||||
cash dividends | ||||||||||||||||||||||||||||
net change in cash | ||||||||||||||||||||||||||||
cash, beginning of the year | ||||||||||||||||||||||||||||
cash, end of year | ||||||||||||||||||||||||||||
benefit from loan losses | 12,544,000 | 21,895,000 | 19,752,000 | 600,000 | 500,000 | 1,200,000 | ||||||||||||||||||||||
net cash paid in acquisition | 0 | |||||||||||||||||||||||||||
adjustments to reconcile net income to net cash: | ||||||||||||||||||||||||||||
other assets | ||||||||||||||||||||||||||||
other liabilities | ||||||||||||||||||||||||||||
other | ||||||||||||||||||||||||||||
restricted shares withheld for taxes | 896,020 | -889,000 | ||||||||||||||||||||||||||
loss on sale of available for sale securities | ||||||||||||||||||||||||||||
stock redeemed | 0 | -17,000 | -1,658,000 | |||||||||||||||||||||||||
investments transferred from held to maturity to available for sale in accordance with asu 2017-12 | ||||||||||||||||||||||||||||
gain on sale of insurance subsidiary | ||||||||||||||||||||||||||||
gain on cancellation of subordinated debentures | ||||||||||||||||||||||||||||
mortgage loans originated for sale | ||||||||||||||||||||||||||||
proceeds from sales of mortgage loans | ||||||||||||||||||||||||||||
gain on acquisition | ||||||||||||||||||||||||||||
change in federal reserve and federal home loan bank stock | ||||||||||||||||||||||||||||
net cash received from acquisition | ||||||||||||||||||||||||||||
cumulative preferred stock redeemed | ||||||||||||||||||||||||||||
liabilities assumed, net of cash | ||||||||||||||||||||||||||||
operating activities: | ||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash | ||||||||||||||||||||||||||||
provided by operating activities | ||||||||||||||||||||||||||||
amortization | ||||||||||||||||||||||||||||
tax benefit from share based compensation | ||||||||||||||||||||||||||||
investing activities - investment in subsidiaries | ||||||||||||||||||||||||||||
financing activities: | ||||||||||||||||||||||||||||
preferred stock issued under capital purchase program | ||||||||||||||||||||||||||||
common stock issued |