10/24/2024 | Press release | Distributed by Public on 10/24/2024 14:37
At or for the Three Months ended | At or for the Nine months ended | |||||||||||
(Dollars in thousands, except per share and market data)
|
Sep 30, 2024 |
Jun 30, 2024 |
Mar 31, 2024 |
Sep 30, 2023 |
Sep 30, 2024 |
Sep 30, 2023 |
||||||
Operating results | ||||||||||||
Net income | $ | 51,055 | 44,708 | 32,627 | 52,445 | 128,390 | 168,611 | |||||
Basic earnings per share | $ | 0.45 | 0.39 | 0.29 | 0.47 | 1.14 | 1.52 | |||||
Diluted earnings per share | $ | 0.45 | 0.39 | 0.29 | 0.47 | 1.13 | 1.52 | |||||
Dividends declared per share | $ | 0.33 | 0.33 | 0.33 | 0.33 | 0.99 | 0.99 | |||||
Market value per share | ||||||||||||
Closing | $ | 45.70 | 37.32 | 40.28 | 28.50 | 45.70 | 28.50 | |||||
High | $ | 47.71 | 40.18 | 42.75 | 36.45 | 47.71 | 50.03 | |||||
Low | $ | 35.57 | 34.35 | 34.74 | 26.84 | 34.35 | 26.77 | |||||
Selected ratios and other data | ||||||||||||
Number of common stock shares outstanding
|
113,394,786 | 113,394,092 | 113,388,590 | 110,879,365 | 113,394,786 | 110,879,365 | ||||||
Average outstanding shares - basic | 113,394,758 | 113,390,539 | 112,492,142 | 110,877,534 | 113,093,583 | 110,857,788 | ||||||
Average outstanding shares - diluted | 113,473,107 | 113,405,491 | 112,554,402 | 110,886,959 | 113,137,861 | 110,882,718 | ||||||
Return on average assets (annualized) | 0.73 | % | 0.66 | % | 0.47 | % | 0.75 | % | 0.62 | % | 0.83 | % |
Return on average equity (annualized) | 6.34 | % | 5.77 | % | 4.25 | % | 7.12 | % | 5.47 | % | 7.72 | % |
Efficiency ratio | 64.92 | % | 67.97 | % | 74.41 | % | 63.31 | % | 68.98 | % | 62.10 | % |
Loan to deposit ratio | 83.16 | % | 84.03 | % | 82.04 | % | 79.25 | % | 83.16 | % | 79.25 | % |
Number of full time equivalent employees
|
3,434 | 3,399 | 3,438 | 3,314 | 3,434 | 3,314 | ||||||
Number of locations | 232 | 231 | 232 | 221 | 232 | 221 | ||||||
Number of ATMs | 279 | 286 | 285 | 274 | 279 | 274 |
Wheatland | RMB | |||||
(Dollars in thousands) |
January 31, 2024 |
July 19, 2024 |
Total | |||
Total assets | $ | 777,659 | $ | 403,052 | $ | 1,180,711 |
Cash and cash equivalents | 12,926 | 76,781 | 89,707 | |||
Debt securities | 187,183 | - | 187,183 | |||
Loans receivable | 450,403 | 271,569 | 721,972 | |||
Non-interest bearing deposits | 277,651 | 93,534 | 371,185 | |||
Interest bearing deposits | 339,304 | 303,156 | 642,460 | |||
Borrowings | 58,500 | 4,305 | 62,805 | |||
Core deposit intangible | 16,936 | 9,794 | 26,730 | |||
Goodwill | 38,369 | 29,794 | 68,163 |
$ Change from | ||||||||
(Dollars in thousands) |
Sep 30, 2024 |
Jun 30, 2024 |
Dec 31, 2023 |
Sep 30, 2023 |
Jun 30, 2024 |
Dec 31, 2023 |
Sep 30, 2023 |
|
Cash and cash equivalents | $ | 987,833 | 800,779 | 1,354,342 | 1,672,094 | 187,054 | (366,509) | (684,261) |
Debt securities, available-for-sale | 4,436,578 | 4,499,541 | 4,785,719 | 4,741,738 | (62,963) | (349,141) | (305,160) | |
Debt securities, held-to-maturity | 3,348,698 | 3,400,403 | 3,502,411 | 3,553,805 | (51,705) | (153,713) | (205,107) | |
Total debt securities | 7,785,276 | 7,899,944 | 8,288,130 | 8,295,543 | (114,668) | (502,854) | (510,267) | |
Loans receivable | ||||||||
Residential real estate | 1,837,697 | 1,771,528 | 1,704,544 | 1,653,777 | 66,169 | 133,153 | 183,920 | |
Commercial real estate | 10,833,841 | 10,713,964 | 10,303,306 | 10,292,446 | 119,877 | 530,535 | 541,395 | |
Other commercial | 3,177,051 | 3,066,028 | 2,901,863 | 2,916,785 | 111,023 | 275,188 | 260,266 | |
Home equity | 931,440 | 905,884 | 888,013 | 869,963 | 25,556 | 43,427 | 61,477 | |
Other consumer | 401,158 | 394,587 | 400,356 | 402,075 | 6,571 | 802 | (917) | |
Loans receivable | 17,181,187 | 16,851,991 | 16,198,082 | 16,135,046 | 329,196 | 983,105 | 1,046,141 | |
Allowance for credit losses
|
(205,170) | (200,955) | (192,757) | (192,271) | (4,215) | (12,413) | (12,899) | |
Loans receivable, net | 16,976,017 | 16,651,036 | 16,005,325 | 15,942,775 | 324,981 | 970,692 | 1,033,242 | |
Other assets | 2,456,643 | 2,453,581 | 2,094,832 | 2,153,149 | 3,062 | 361,811 | 303,494 | |
Total assets | $ | 28,205,769 | 27,805,340 | 27,742,629 | 28,063,561 | 400,429 | 463,140 | 142,208 |
At or for the Nine Months ended | At or for the Six Months ended | At or for the Year ended | At or for the Nine Months ended | |||||
(Dollars in thousands) |
Sep 30, 2024 |
Jun 30, 2024 |
Dec 31, 2023 |
Sep 30, 2023 |
||||
Allowance for credit losses | ||||||||
Balance at beginning of period | $ | 192,757 | 192,757 | 182,283 | 182,283 | |||
Acquisitions | 3 | 3 | - | - | ||||
Provision for credit losses | 21,138 | 14,157 | 20,790 | 16,609 | ||||
Charge-offs | (12,406) | (8,430) | (15,095) | (10,284) | ||||
Recoveries | 3,678 | 2,468 | 4,779 | 3,663 | ||||
Balance at end of period | $ | 205,170 | 200,955 | 192,757 | 192,271 | |||
Provision for credit losses | ||||||||
Loan portfolio | $ | 21,138 | 14,157 | 20,790 | 16,609 | |||
Unfunded loan commitments | (1,366) | (2,390) | (5,995) | (4,827) | ||||
Total provision for credit losses | $ | 19,772 | 11,767 | 14,795 | 11,782 | |||
Other real estate owned | $ | 432 | 432 | 1,032 | - | |||
Other foreclosed assets | 201 | 198 | 471 | 48 | ||||
Accruing loans 90 days or more past due | 11,551 | 4,692 | 3,312 | 3,855 | ||||
Non-accrual loans | 15,937 | 12,686 | 20,816 | 38,380 | ||||
Total non-performing assets | $ | 28,121 | 18,008 | 25,631 | 42,283 | |||
Non-performing assets as a percentage of subsidiary assets
|
0.10 | % | 0.06 | % | 0.09 | % | 0.15 | % |
Allowance for credit losses as a percentage of non-performing loans
|
730 | % | 1,116 | % | 799 | % | 455 | % |
Allowance for credit losses as a percentage of total loans
|
1.19 | % | 1.19 | % | 1.19 | % | 1.19 | % |
Net charge-offs as a percentage of total loans | 0.05 | % | 0.04 | % | 0.06 | % | 0.04 | % |
Accruing loans 30-89 days past due | $ | 56,213 | 49,678 | 49,967 | 15,253 | |||
U.S. government guarantees included in non-performing assets | $ | 1,802 | 1,228 | 1,503 | 1,057 |
(Dollars in thousands) | Provision for Credit Losses Loans | Net Charge-Offs |
ACL as a Percent of Loans |
Accruing Loans 30-89 Days Past Due as a Percent of Loans |
Non-Performing Assets to Total Subsidiary Assets |
|||||
Third quarter 2024 | $ | 6,981 | $ | 2,766 | 1.19 | % | 0.33 | % | 0.10 | % |
Second quarter 2024 | 5,066 | 2,890 | 1.19 | % | 0.29 | % | 0.06 | % | ||
First quarter 2024 | 9,091 | 3,072 | 1.19 | % | 0.37 | % | 0.09 | % | ||
Fourth quarter 2023 | 4,181 | 3,695 | 1.19 | % | 0.31 | % | 0.09 | % | ||
Third quarter 2023 | 5,095 | 2,209 | 1.19 | % | 0.09 | % | 0.15 | % | ||
Second quarter 2023 | 5,254 | 2,473 | 1.19 | % | 0.16 | % | 0.12 | % | ||
First quarter 2023 | 6,260 | 1,939 | 1.20 | % | 0.16 | % | 0.12 | % | ||
Fourth quarter 2022 | 6,060 | 1,968 | 1.20 | % | 0.14 | % | 0.12 | % |
$ Change from | ||||||||
(Dollars in thousands) |
Sep 30, 2024 |
Jun 30, 2024 |
Dec 31, 2023 |
Sep 30, 2023 |
Jun 30, 2024 |
Dec 31, 2023 |
Sep 30, 2023 |
|
Deposits | ||||||||
Non-interest bearing deposits | $ | 6,407,728 | 6,093,430 | 6,022,980 | 6,465,353 | 314,298 | 384,748 | (57,625) |
NOW and DDA accounts | 5,363,476 | 5,219,838 | 5,321,257 | 5,253,367 | 143,638 | 42,219 | 110,109 | |
Savings accounts | 2,801,077 | 2,862,034 | 2,833,887 | 2,872,362 | (60,957) | (32,810) | (71,285) | |
Money market deposit accounts
|
2,854,540 | 2,858,850 | 2,831,624 | 2,994,631 | (4,310) | 22,916 | (140,091) | |
Certificate accounts | 3,284,609 | 3,064,613 | 2,915,393 | 2,742,017 | 219,996 | 369,216 | 542,592 | |
Core deposits, total | 20,711,430 | 20,098,765 | 19,925,141 | 20,327,730 | 612,665 | 786,289 | 383,700 | |
Wholesale deposits | 3,334 | 2,994 | 4,026 | 67,434 | 340 | (692) | (64,100) | |
Deposits, total | 20,714,764 | 20,101,759 | 19,929,167 | 20,395,164 | 613,005 | 785,597 | 319,600 | |
Repurchase agreements | 1,831,501 | 1,629,504 | 1,486,850 | 1,499,696 | 201,997 | 344,651 | 331,805 | |
Deposits and repurchase agreements, total | 22,546,265 | 21,731,263 | 21,416,017 | 21,894,860 | 815,002 | 1,130,248 | 651,405 | |
Federal Home Loan Bank advances
|
1,800,000 | 2,350,000 | - | - | (550,000) | 1,800,000 | 1,800,000 | |
FRB Bank Term Funding | - | - | 2,740,000 | 2,740,000 | - | (2,740,000) | (2,740,000) | |
Other borrowed funds | 84,168 | 88,149 | 81,695 | 73,752 | (3,981) | 2,473 | 10,416 | |
Subordinated debentures | 133,065 | 133,024 | 132,943 | 132,903 | 41 | 122 | 162 | |
Other liabilities | 397,221 | 365,459 | 351,693 | 347,452 | 31,762 | 45,528 | 49,769 | |
Total liabilities | $ | 24,960,719 | 24,667,895 | 24,722,348 | 25,188,967 | 292,824 | 238,371 | (228,248) |
$ Change from | ||||||||
(Dollars in thousands, except per share data)
|
Sep 30, 2024 |
Jun 30, 2024 |
Dec 31, 2023 |
Sep 30, 2023 |
Jun 30, 2024 |
Dec 31, 2023 |
Sep 30, 2023 |
|
Common equity | $ | 3,507,356 | 3,492,096 | 3,394,394 | 3,374,961 | 15,260 | 112,962 | 132,395 |
Accumulated other comprehensive loss
|
(262,306) | (354,651) | (374,113) | (500,367) | 92,345 | 111,807 | 238,061 | |
Total stockholders' equity
|
3,245,050 | 3,137,445 | 3,020,281 | 2,874,594 | 107,605 | 224,769 | 370,456 | |
Goodwill and intangibles, net
|
(1,106,336) | (1,066,790) | (1,017,263) | (1,019,690) | (39,546) | (89,073) | (86,646) | |
Tangible stockholders' equity
|
$ | 2,138,714 | 2,070,655 | 2,003,018 | 1,854,904 | 68,059 | 135,696 | 283,810 |
Stockholders' equity to total assets
|
11.50 | % | 11.28 | % | 10.89 | % | 10.24 | % |
Tangible stockholders' equity to total tangible assets
|
7.89 | % | 7.74 | % | 7.49 | % | 6.86 | % |
Book value per common share
|
$ | 28.62 | 27.67 | 27.24 | 25.93 | 0.95 | 1.38 | 2.69 |
Tangible book value per common share
|
$ | 18.86 | 18.26 | 18.06 | 16.73 | 0.60 | 0.80 | 2.13 |
Three Months ended | $ Change from | |||||||
(Dollars in thousands) |
Sep 30, 2024 |
Jun 30, 2024 |
Mar 31, 2024 |
Sep 30, 2023 |
Jun 30, 2024 |
Mar 31, 2024 |
Sep 30, 2023 |
|
Net interest income | ||||||||
Interest income | $ | 289,578 | 273,834 | 279,402 | 264,906 | 15,744 | 10,176 | 24,672 |
Interest expense | 109,347 | 107,356 | 112,922 | 97,852 | 1,991 | (3,575) | 11,495 | |
Total net interest income | 180,231 | 166,478 | 166,480 | 167,054 | 13,753 | 13,751 | 13,177 | |
Non-interest income | ||||||||
Service charges and other fees
|
20,587 | 19,422 | 18,563 | 19,304 | 1,165 | 2,024 | 1,283 | |
Miscellaneous loan fees and charges | 4,970 | 4,821 | 4,362 | 4,322 | 149 | 608 | 648 | |
Gain on sale of loans | 4,898 | 4,669 | 3,362 | 4,046 | 229 | 1,536 | 852 | |
Gain (loss) on sale of securities | 26 | (12) | 16 | (65) | 38 | 10 | 91 | |
Other income | 4,223 | 3,304 | 3,686 | 2,633 | 919 | 537 | 1,590 | |
Total non-interest income | 34,704 | 32,204 | 29,989 | 30,240 | 2,500 | 4,715 | 4,464 | |
Total income | $ | 214,935 | 198,682 | 196,469 | 197,294 | 16,253 | 18,466 | 17,641 |
Net interest margin (tax-equivalent)
|
2.83 | % | 2.68 | % | 2.59 | % | 2.58 | % |
Three Months ended | $ Change from | |||||||
(Dollars in thousands) |
Sep 30, 2024 |
Jun 30, 2024 |
Mar 31, 2024 |
Sep 30, 2023 |
Jun 30, 2024 |
Mar 31, 2024 |
Sep 30, 2023 |
|
Compensation and employee benefits | $ | 85,083 | 84,434 | 85,789 | 77,387 | 649 | (706) | 7,696 |
Occupancy and equipment | 11,989 | 11,594 | 11,883 | 10,553 | 395 | 106 | 1,436 | |
Advertising and promotions | 4,062 | 4,362 | 3,983 | 4,052 | (300) | 79 | 10 | |
Data processing | 9,196 | 9,387 | 9,159 | 8,730 | (191) | 37 | 466 | |
Other real estate owned and foreclosed assets | 13 | 149 | 25 | 15 | (136) | (12) | (2) | |
Regulatory assessments and insurance | 5,150 | 5,393 | 7,761 | 6,060 | (243) | (2,611) | (910) | |
Intangibles amortization | 3,367 | 3,017 | 2,760 | 2,428 | 350 | 607 | 939 | |
Other expenses | 25,848 | 22,616 | 30,483 | 20,351 | 3,232 | (4,635) | 5,497 | |
Total non-interest expense | $ | 144,708 | 140,952 | 151,843 | 129,576 | 3,756 | (7,135) | 15,132 |
Nine months ended | ||||||||
(Dollars in thousands) |
Sep 30, 2024 |
Sep 30, 2023 |
$ Change | % Change | ||||
Net interest income | ||||||||
Interest income | $ | 842,814 | $ | 744,159 | $ | 98,655 | 13 | % |
Interest expense | 329,625 | 218,933 | 110,692 | 51 | % | |||
Total net interest income | 513,189 | 525,226 | (12,037) | (2) | % | |||
Non-interest income | ||||||||
Service charges and other fees | 58,572 | 56,042 | 2,530 | 5 | % | |||
Miscellaneous loan fees and charges | 14,153 | 12,451 | 1,702 | 14 | % | |||
Gain on sale of loans | 12,929 | 9,974 | 2,955 | 30 | % | |||
Gain (loss) on sale of securities | 30 | (202) | 232 | (115) | % | |||
Other income | 11,213 | 8,949 | 2,264 | 25 | % | |||
Total non-interest income | 96,897 | 87,214 | 9,683 | 11 | % | |||
Total Income | $ | 610,086 | $ | 612,440 | $ | (2,354) | - | % |
Net interest margin (tax-equivalent) | 2.70 | % | 2.79 | % |
Nine months ended | ||||||||
(Dollars in thousands) |
Sep 30, 2024 |
Sep 30, 2023 |
$ Change | % Change | ||||
Compensation and employee benefits | $ | 255,306 | $ | 237,628 | $ | 17,678 | 7 | % |
Occupancy and equipment | 35,466 | 33,045 | 2,421 | 7 | % | |||
Advertising and promotions | 12,407 | 12,020 | 387 | 3 | % | |||
Data processing | 27,742 | 25,241 | 2,501 | 10 | % | |||
Other real estate owned and foreclosed assets | 187 | 41 | 146 | 356 | % | |||
Regulatory assessments and insurance | 18,304 | 16,277 | 2,027 | 12 | % | |||
Core deposit intangibles amortization | 9,144 | 7,304 | 1,840 | 25 | % | |||
Other expenses | 78,947 | 63,606 | 15,341 | 24 | % | |||
Total non-interest expense | $ | 437,503 | $ | 395,162 | $ | 42,341 | 11 | % |
(Dollars in thousands, except per share data) |
Sep 30, 2024 |
Jun 30, 2024 |
Dec 31, 2023 |
Sep 30, 2023 |
|
Assets | |||||
Cash on hand and in banks | $ | 342,105 | 271,107 | 246,525 | 264,067 |
Interest bearing cash deposits | 645,728 | 529,672 | 1,107,817 | 1,408,027 | |
Cash and cash equivalents | 987,833 | 800,779 | 1,354,342 | 1,672,094 | |
Debt securities, available-for-sale | 4,436,578 | 4,499,541 | 4,785,719 | 4,741,738 | |
Debt securities, held-to-maturity | 3,348,698 | 3,400,403 | 3,502,411 | 3,553,805 | |
Total debt securities | 7,785,276 | 7,899,944 | 8,288,130 | 8,295,543 | |
Loans held for sale, at fair value | 46,126 | 39,745 | 15,691 | 29,027 | |
Loans receivable | 17,181,187 | 16,851,991 | 16,198,082 | 16,135,046 | |
Allowance for credit losses | (205,170) | (200,955) | (192,757) | (192,271) | |
Loans receivable, net | 16,976,017 | 16,651,036 | 16,005,325 | 15,942,775 | |
Premises and equipment, net | 466,977 | 451,515 | 421,791 | 415,343 | |
Other real estate owned and foreclosed assets | 633 | 630 | 1,503 | 48 | |
Accrued interest receivable | 114,121 | 102,279 | 94,526 | 104,476 | |
Deferred tax asset | 125,432 | 155,834 | 159,070 | 203,745 | |
Intangibles, net | 52,780 | 43,028 | 31,870 | 34,297 | |
Goodwill | 1,053,556 | 1,023,762 | 985,393 | 985,393 | |
Non-marketable equity securities | 98,285 | 121,810 | 12,755 | 11,330 | |
Bank-owned life insurance | 188,971 | 187,793 | 171,101 | 170,175 | |
Other assets | 309,762 | 327,185 | 201,132 | 199,315 | |
Total assets | $ | 28,205,769 | 27,805,340 | 27,742,629 | 28,063,561 |
Liabilities | |||||
Non-interest bearing deposits | $ | 6,407,728 | 6,093,430 | 6,022,980 | 6,465,353 |
Interest bearing deposits | 14,307,036 | 14,008,329 | 13,906,187 | 13,929,811 | |
Securities sold under agreements to repurchase | 1,831,501 | 1,629,504 | 1,486,850 | 1,499,696 | |
FHLB advances | 1,800,000 | 2,350,000 | - | - | |
FRB Bank Term Funding | - | - | 2,740,000 | 2,740,000 | |
Other borrowed funds | 84,168 | 88,149 | 81,695 | 73,752 | |
Subordinated debentures | 133,065 | 133,024 | 132,943 | 132,903 | |
Accrued interest payable | 35,382 | 31,000 | 125,907 | 91,874 | |
Other liabilities | 361,839 | 334,459 | 225,786 | 255,578 | |
Total liabilities | 24,960,719 | 24,667,895 | 24,722,348 | 25,188,967 | |
Commitments and Contingent Liabilities | - | - | - | - | |
Stockholders' Equity | |||||
Preferred shares, $0.01 par value per share, 1,000,000 shares authorized, none issued or outstanding
|
- | - | - | - | |
Common stock, $0.01 par value per share, 234,000,000 shares authorized
|
1,134 | 1,134 | 1,109 | 1,109 | |
Paid-in capital | 2,447,200 | 2,445,479 | 2,350,104 | 2,348,305 | |
Retained earnings - substantially restricted | 1,059,022 | 1,045,483 | 1,043,181 | 1,025,547 | |
Accumulated other comprehensive loss | (262,306) | (354,651) | (374,113) | (500,367) | |
Total stockholders' equity | 3,245,050 | 3,137,445 | 3,020,281 | 2,874,594 | |
Total liabilities and stockholders' equity | $ | 28,205,769 | 27,805,340 | 27,742,629 | 28,063,561 |
Three Months ended | Nine months ended | ||||||
(Dollars in thousands, except per share data) |
Sep 30, 2024 |
Jun 30, 2024 |
Mar 31, 2024 |
Sep 30, 2023 |
Sep 30, 2024 |
Sep 30, 2023 |
|
Interest Income | |||||||
Investment securities | $ | 46,371 | 42,165 | 56,218 | 53,397 | 144,754 | 144,697 |
Residential real estate loans | 23,118 | 21,754 | 20,764 | 18,594 | 65,636 | 51,508 | |
Commercial loans | 196,901 | 188,326 | 181,472 | 173,437 | 566,699 | 493,706 | |
Consumer and other loans | 23,188 | 21,589 | 20,948 | 19,478 | 65,725 | 54,248 | |
Total interest income | 289,578 | 273,834 | 279,402 | 264,906 | 842,814 | 744,159 | |
Interest Expense | |||||||
Deposits | 70,607 | 67,852 | 67,196 | 54,697 | 205,655 | 98,942 | |
Securities sold under agreements to
repurchase
|
14,737 | 13,566 | 12,598 | 10,972 | 40,901 | 24,185 | |
Federal Home Loan Bank advances | 22,344 | 24,179 | 4,249 | - | 50,772 | 26,910 | |
FRB Bank Term Funding | - | - | 27,097 | 30,229 | 27,097 | 63,160 | |
Other borrowed funds
|
252 | 353 | 344 | 489 | 949 | 1,428 | |
Subordinated debentures | 1,407 | 1,406 | 1,438 | 1,465 | 4,251 | 4,308 | |
Total interest expense | 109,347 | 107,356 | 112,922 | 97,852 | 329,625 | 218,933 | |
Net Interest Income | 180,231 | 166,478 | 166,480 | 167,054 | 513,189 | 525,226 | |
Provision for credit losses | 8,005 | 3,518 | 8,249 | 3,539 | 19,772 | 11,782 | |
Net interest income after provision for credit losses
|
172,226 | 162,960 | 158,231 | 163,515 | 493,417 | 513,444 | |
Non-Interest Income | |||||||
Service charges and other fees | 20,587 | 19,422 | 18,563 | 19,304 | 58,572 | 56,042 | |
Miscellaneous loan fees and charges | 4,970 | 4,821 | 4,362 | 4,322 | 14,153 | 12,451 | |
Gain on sale of loans | 4,898 | 4,669 | 3,362 | 4,046 | 12,929 | 9,974 | |
Gain (loss) on sale of securities | 26 | (12) | 16 | (65) | 30 | (202) | |
Other income | 4,223 | 3,304 | 3,686 | 2,633 | 11,213 | 8,949 | |
Total non-interest income | 34,704 | 32,204 | 29,989 | 30,240 | 96,897 | 87,214 | |
Non-Interest Expense | |||||||
Compensation and employee benefits | 85,083 | 84,434 | 85,789 | 77,387 | 255,306 | 237,628 | |
Occupancy and equipment | 11,989 | 11,594 | 11,883 | 10,553 | 35,466 | 33,045 | |
Advertising and promotions | 4,062 | 4,362 | 3,983 | 4,052 | 12,407 | 12,020 | |
Data processing | 9,196 | 9,387 | 9,159 | 8,730 | 27,742 | 25,241 | |
Other real estate owned and foreclosed assets | 13 | 149 | 25 | 15 | 187 | 41 | |
Regulatory assessments and insurance
|
5,150 | 5,393 | 7,761 | 6,060 | 18,304 | 16,277 | |
Intangibles amortization | 3,367 | 3,017 | 2,760 | 2,428 | 9,144 | 7,304 | |
Other expenses | 25,848 | 22,616 | 30,483 | 20,351 | 78,947 | 63,606 | |
Total non-interest expense | 144,708 | 140,952 | 151,843 | 129,576 | 437,503 | 395,162 | |
Income Before Income Taxes | 62,222 | 54,212 | 36,377 | 64,179 | 152,811 | 205,496 | |
Federal and state income tax expense | 11,167 | 9,504 | 3,750 | 11,734 | 24,421 | 36,885 | |
Net Income | $ | 51,055 | 44,708 | 32,627 | 52,445 | 128,390 | 168,611 |
Three Months ended | ||||||||||||
September 30, 2024 | June 30, 2024 | |||||||||||
(Dollars in thousands) |
Average Balance |
Interest & Dividends |
Average Yield/ Rate |
Average Balance |
Interest & Dividends |
Average Yield/ Rate |
||||||
Assets | ||||||||||||
Residential real estate loans | $ | 1,850,066 | $ | 23,118 | 5.00 | % | $ | 1,796,787 | $ | 21,754 | 4.84 | % |
Commercial loans 1
|
13,957,304 | 198,556 | 5.66 | % | 13,740,455 | 189,939 | 5.56 | % | ||||
Consumer and other loans | 1,324,142 | 23,188 | 6.97 | % | 1,290,587 | 21,589 | 6.73 | % | ||||
Total loans 2
|
17,131,512 | 244,862 | 5.69 | % | 16,827,829 | 233,282 | 5.58 | % | ||||
Tax-exempt debt securities 3
|
1,660,643 | 14,710 | 3.54 | % | 1,707,269 | 15,111 | 3.54 | % | ||||
Taxable debt securities 4, 5
|
7,073,967 | 34,001 | 1.92 | % | 7,042,885 | 29,461 | 1.67 | % | ||||
Total earning assets | 25,866,122 | 293,573 | 4.52 | % | 25,577,983 | 277,854 | 4.37 | % | ||||
Goodwill and intangibles | 1,092,632 | 1,068,250 | ||||||||||
Non-earning assets | 836,878 | 754,491 | ||||||||||
Total assets | $ | 27,795,632 | $ | 27,400,724 | ||||||||
Liabilities | ||||||||||||
Non-interest bearing deposits | $ | 6,237,166 | $ | - | - | % | $ | 6,026,709 | $ | - | - | % |
NOW and DDA accounts | 5,314,459 | 16,221 | 1.21 | % | 5,221,883 | 15,728 | 1.21 | % | ||||
Savings accounts | 2,829,203 | 5,699 | 0.80 | % | 2,914,538 | 6,014 | 0.83 | % | ||||
Money market deposit accounts | 2,887,173 | 15,048 | 2.07 | % | 2,904,438 | 14,467 | 2.00 | % | ||||
Certificate accounts | 3,211,842 | 33,597 | 4.16 | % | 3,037,638 | 31,593 | 4.18 | % | ||||
Total core deposits | 20,479,843 | 70,565 | 1.37 | % | 20,105,206 | 67,802 | 1.36 | % | ||||
Wholesale deposits 6
|
3,122 | 42 | 5.47 | % | 3,726 | 50 | 5.50 | % | ||||
Repurchase agreements | 1,723,553 | 14,738 | 3.40 | % | 1,597,887 | 13,566 | 3.41 | % | ||||
FHLB advances | 1,828,533 | 22,344 | 4.78 | % | 2,007,747 | 24,179 | 4.76 | % | ||||
Subordinated debentures and other borrowed funds | 219,472 | 1,658 | 3.01 | % | 224,778 | 1,759 | 3.15 | % | ||||
Total funding liabilities | 24,254,523 | 109,347 | 1.79 | % | 23,939,344 | 107,356 | 1.80 | % | ||||
Other liabilities | 336,906 | 344,105 | ||||||||||
Total liabilities | 24,591,429 | 24,283,449 | ||||||||||
Stockholders' Equity | ||||||||||||
Stockholders' equity | 3,204,203 | 3,117,275 | ||||||||||
Total liabilities and stockholders' equity | $ | 27,795,632 | $ | 27,400,724 | ||||||||
Net interest income (tax-equivalent) | $ | 184,226 | $ | 170,498 | ||||||||
Net interest spread (tax-equivalent) | 2.73 | % | 2.57 | % | ||||||||
Net interest margin (tax-equivalent) | 2.83 | % | 2.68 | % |
Three Months ended | ||||||||||||
September 30, 2024 | September 30, 2023 | |||||||||||
(Dollars in thousands) |
Average Balance |
Interest & Dividends |
Average Yield/ Rate |
Average Balance |
Interest & Dividends |
Average Yield/ Rate |
||||||
Assets | ||||||||||||
Residential real estate loans | $ | 1,850,066 | $ | 23,118 | 5.00 | % | $ | 1,649,947 | $ | 18,594 | 4.51 | % |
Commercial loans 1
|
13,957,304 | 198,556 | 5.66 | % | 13,120,479 | 174,822 | 5.29 | % | ||||
Consumer and other loans | 1,324,142 | 23,188 | 6.97 | % | 1,263,775 | 19,478 | 6.11 | % | ||||
Total loans 2
|
17,131,512 | 244,862 | 5.69 | % | 16,034,201 | 212,894 | 5.27 | % | ||||
Tax-exempt debt securities 3
|
1,660,643 | 14,710 | 3.54 | % | 1,732,227 | 14,486 | 3.34 | % | ||||
Taxable debt securities 4, 5
|
7,073,967 | 34,001 | 1.92 | % | 8,485,157 | 41,052 | 1.94 | % | ||||
Total earning assets | 25,866,122 | 293,573 | 4.52 | % | 26,251,585 | 268,432 | 4.06 | % | ||||
Goodwill and intangibles | 1,092,632 | 1,020,868 | ||||||||||
Non-earning assets | 836,878 | 528,145 | ||||||||||
Total assets | $ | 27,795,632 | $ | 27,800,598 | ||||||||
Liabilities | ||||||||||||
Non-interest bearing deposits | $ | 6,237,166 | $ | - | - | % | $ | 6,461,350 | $ | - | - | % |
NOW and DDA accounts | 5,314,459 | 16,221 | 1.21 | % | 5,231,741 | 12,906 | 0.98 | % | ||||
Savings accounts | 2,829,203 | 5,699 | 0.80 | % | 2,840,620 | 3,492 | 0.49 | % | ||||
Money market deposit accounts | 2,887,173 | 15,048 | 2.07 | % | 3,039,177 | 12,646 | 1.65 | % | ||||
Certificate accounts | 3,211,842 | 33,597 | 4.16 | % | 2,462,266 | 23,151 | 3.73 | % | ||||
Total core deposits | 20,479,843 | 70,565 | 1.37 | % | 20,035,154 | 52,195 | 1.03 | % | ||||
Wholesale deposits 6
|
3,122 | 42 | 5.47 | % | 188,523 | 2,502 | 5.27 | % | ||||
Repurchase agreements | 1,723,553 | 14,738 | 3.40 | % | 1,401,765 | 10,972 | 3.11 | % | ||||
FHLB advances | 1,828,533 | 22,344 | 4.78 | % | - | - | - | % | ||||
FRB Bank Term Funding | - | - | - | % | 2,740,000 | 30,229 | 4.38 | % | ||||
Subordinated debentures and other borrowed funds | 219,472 | 1,658 | 3.01 | % | 208,336 | 1,954 | 3.72 | % | ||||
Total funding liabilities | 24,254,523 | 109,347 | 1.79 | % | 24,573,778 | 97,852 | 1.58 | % | ||||
Other liabilities | 336,906 | 302,564 | ||||||||||
Total liabilities | 24,591,429 | 24,876,342 | ||||||||||
Stockholders' Equity | ||||||||||||
Stockholders' equity | 3,204,203 | 2,924,256 | ||||||||||
Total liabilities and stockholders' equity
|
$ | 27,795,632 | $ | 27,800,598 | ||||||||
Net interest income (tax-equivalent) | $ | 184,226 | $ | 170,580 | ||||||||
Net interest spread (tax-equivalent) | 2.73 | % | 2.48 | % | ||||||||
Net interest margin (tax-equivalent) | 2.83 | % | 2.58 | % |
Nine Months ended
|
||||||||||||
September 30, 2024 | September 30, 2023 | |||||||||||
(Dollars in thousands) |
Average Balance |
Interest & Dividends |
Average Yield/ Rate |
Average Balance |
Interest & Dividends |
Average Yield/ Rate |
||||||
Assets | ||||||||||||
Residential real estate loans | $ | 1,798,202 | $ | 65,636 | 4.87 | % | $ | 1,570,911 | $ | 51,508 | 4.37 | % |
Commercial loans 1
|
13,737,866 | 571,540 | 5.56 | % | 12,910,691 | 498,152 | 5.16 | % | ||||
Consumer and other loans | 1,299,463 | 65,725 | 6.76 | % | 1,236,158 | 54,248 | 5.87 | % | ||||
Total loans 2
|
16,835,531 | 702,901 | 5.58 | % | 15,717,760 | 603,908 | 5.14 | % | ||||
Tax-exempt debt securities 3
|
1,695,965 | 44,978 | 3.54 | % | 1,745,764 | 44,978 | 3.44 | % | ||||
Taxable debt securities 4, 5
|
7,429,971 | 106,939 | 1.92 | % | 8,240,041 | 107,338 | 1.74 | % | ||||
Total earning assets | 25,961,467 | 854,818 | 4.40 | % | 25,703,565 | 756,224 | 3.93 | % | ||||
Goodwill and intangibles | 1,071,024 | 1,023,274 | ||||||||||
Non-earning assets | 734,681 | 510,332 | ||||||||||
Total assets | $ | 27,767,172 | $ | 27,237,171 | ||||||||
Liabilities | ||||||||||||
Non-interest bearing deposits | $ | 6,077,392 | $ | - | - | % | $ | 6,770,242 | $ | - | - | % |
NOW and DDA accounts | 5,270,842 | 47,866 | 1.21 | % | 5,140,668 | 22,606 | 0.59 | % | ||||
Savings accounts | 2,881,273 | 17,368 | 0.81 | % | 2,930,420 | 5,070 | 0.23 | % | ||||
Money market deposit accounts | 2,913,206 | 43,907 | 2.01 | % | 3,253,138 | 28,654 | 1.18 | % | ||||
Certificate accounts | 3,083,866 | 96,365 | 4.17 | % | 1,638,163 | 34,613 | 2.82 | % | ||||
Total core deposits | 20,226,579 | 205,506 | 1.36 | % | 19,732,631 | 90,943 | 0.62 | % | ||||
Wholesale deposits 6
|
3,603 | 149 | 5.49 | % | 213,465 | 7,999 | 5.01 | % | ||||
Repurchase agreements | 1,612,021 | 40,901 | 3.39 | % | 1,238,139 | 24,185 | 2.61 | % | ||||
FHLB advances | 1,397,258 | 50,772 | 4.77 | % | 738,004 | 26,910 | 4.81 | % | ||||
FRB Bank Term Funding | 824,672 | 27,097 | 4.39 | % | 1,929,322 | 63,160 | 4.38 | % | ||||
Subordinated debentures and other borrowed funds | 220,835 | 5,200 | 3.15 | % | 208,891 | 5,737 | 3.67 | % | ||||
Total funding liabilities | 24,284,968 | 329,625 | 1.81 | % | 24,060,452 | 218,934 | 1.22 | % | ||||
Other liabilities | 345,822 | 256,022 | ||||||||||
Total liabilities | 24,630,790 | 24,316,474 | ||||||||||
Stockholders' Equity | ||||||||||||
Stockholders' equity | 3,136,382 | 2,920,697 | ||||||||||
Total liabilities and stockholders' equity | $ | 27,767,172 | $ | 27,237,171 | ||||||||
Net interest income (tax-equivalent) | $ | 525,193 | $ | 537,290 | ||||||||
Net interest spread (tax-equivalent) | 2.59 | % | 2.71 | % | ||||||||
Net interest margin (tax-equivalent) | 2.70 | % | 2.79 | % |
Loans Receivable, by Loan Type | % Change from | |||||||||||||
(Dollars in thousands) |
Sep 30, 2024 |
Jun 30, 2024 |
Dec 31, 2023 |
Sep 30, 2023 |
Jun 30, 2024 |
Dec 31, 2023 |
Sep 30, 2023 |
|||||||
Custom and owner occupied construction
|
$ | 235,915 | $ | 233,978 | $ | 290,572 | $ | 306,106 | 1 | % | (19) | % | (23) | % |
Pre-sold and spec construction | 203,610 | 198,219 | 236,596 | 287,048 | 3 | % | (14) | % | (29) | % | ||||
Total residential construction
|
439,525 | 432,197 | 527,168 | 593,154 | 2 | % | (17) | % | (26) | % | ||||
Land development | 205,704 | 209,794 | 232,966 | 234,995 | (2) | % | (12) | % | (12) | % | ||||
Consumer land or lots | 189,705 | 190,781 | 187,545 | 184,685 | (1) | % | 1 | % | 3 | % | ||||
Unimproved land | 109,237 | 108,763 | 87,739 | 87,089 | - | % | 25 | % | 25 | % | ||||
Developed lots for operative builders
|
67,140 | 57,140 | 56,142 | 62,485 | 18 | % | 20 | % | 7 | % | ||||
Commercial lots | 98,644 | 99,036 | 87,185 | 84,194 | - | % | 13 | % | 17 | % | ||||
Other construction | 689,638 | 810,536 | 900,547 | 982,384 | (15) | % | (23) | % | (30) | % | ||||
Total land, lot, and other construction
|
1,360,068 | 1,476,050 | 1,552,124 | 1,635,832 | (8) | % | (12) | % | (17) | % | ||||
Owner occupied | 3,121,900 | 3,087,814 | 3,035,768 | 2,976,821 | 1 | % | 3 | % | 5 | % | ||||
Non-owner occupied | 4,001,430 | 3,941,786 | 3,742,916 | 3,765,266 | 2 | % | 7 | % | 6 | % | ||||
Total commercial real estate
|
7,123,330 | 7,029,600 | 6,778,684 | 6,742,087 | 1 | % | 5 | % | 6 | % | ||||
Commercial and industrial | 1,387,538 | 1,400,896 | 1,363,479 | 1,363,198 | (1) | % | 2 | % | 2 | % | ||||
Agriculture | 1,047,320 | 962,384 | 772,458 | 785,208 | 9 | % | 36 | % | 33 | % | ||||
1st lien | 2,462,885 | 2,353,912 | 2,127,989 | 2,054,497 | 5 | % | 16 | % | 20 | % | ||||
Junior lien | 77,029 | 56,049 | 47,230 | 47,490 | 37 | % | 63 | % | 62 | % | ||||
Total 1-4 family | 2,539,914 | 2,409,961 | 2,175,219 | 2,101,987 | 5 | % | 17 | % | 21 | % | ||||
Multifamily residential | 921,138 | 1,027,962 | 796,538 | 714,822 | (10) | % | 16 | % | 29 | % | ||||
Home equity lines of credit | 1,004,300 | 974,000 | 979,891 | 950,204 | 3 | % | 2 | % | 6 | % | ||||
Other consumer | 221,517 | 220,755 | 229,154 | 233,980 | - | % | (3) | % | (5) | % | ||||
Total consumer | 1,225,817 | 1,194,755 | 1,209,045 | 1,184,184 | 3 | % | 1 | % | 4 | % | ||||
States and political subdivisions | 993,871 | 777,426 | 834,947 | 833,618 | 28 | % | 19 | % | 19 | % | ||||
Other | 188,792 | 180,505 | 204,111 | 209,983 | 5 | % | (8) | % | (10) | % | ||||
Total loans receivable, including
loans held for sale
|
17,227,313 | 16,891,736 | 16,213,773 | 16,164,073 | 2 | % | 6 | % | 7 | % | ||||
Less loans held for sale 1
|
(46,126) | (39,745) | (15,691) | (29,027) | 16 | % | 194 | % | 59 | % | ||||
Total loans receivable | $ | 17,181,187 | $ | 16,851,991 | $ | 16,198,082 | $ | 16,135,046 | 2 | % | 6 | % | 6 | % |
Non-performing Assets, by Loan Type |
Non- Accrual Loans |
Accruing Loans 90 Days or More Past Due |
Other real estate owned and foreclosed assets | |||||
(Dollars in thousands) |
Sep 30, 2024 |
Jun 30, 2024 |
Dec 31, 2023 |
Sep 30, 2023 |
Sep 30, 2024 |
Sep 30, 2024 |
Sep 30, 2024 |
|
Custom and owner occupied construction
|
$ | 202 | 206 | 214 | 219 | 202 | - | - |
Pre-sold and spec construction | 3,705 | 2,908 | 763 | 763 | 2,942 | 763 | - | |
Total residential construction
|
3,907 | 3,114 | 977 | 982 | 3,144 | 763 | - | |
Land development | 583 | - | 35 | 80 | 22 | 561 | - | |
Consumer land or lots | 458 | 429 | 96 | 314 | 241 | 217 | - | |
Unimproved land | - | - | - | 36 | - | - | - | |
Developed lots for operative builders
|
531 | 608 | 608 | 608 | - | 531 | - | |
Commercial lots | 47 | 47 | 47 | 188 | - | 47 | - | |
Other construction | - | 25 | - | 12,884 | - | - | - | |
Total land, lot and other construction
|
1,619 | 1,109 | 786 | 14,110 | 263 | 1,356 | - | |
Owner occupied | 1,903 | 1,992 | 1,838 | 1,445 | 662 | 809 | 432 | |
Non-owner occupied | 1,335 | 257 | 11,016 | 15,105 | 1,335 | - | - | |
Total commercial real estate
|
3,238 | 2,249 | 12,854 | 16,550 | 1,997 | 809 | 432 | |
Commercial and Industrial | 2,455 | 2,044 | 1,971 | 1,367 | 1,408 | 1,047 | - | |
Agriculture | 6,040 | 2,442 | 2,558 | 2,450 | 2,164 | 3,876 | - | |
1st lien | 6,065 | 2,923 | 2,664 | 2,766 | 3,724 | 2,341 | - | |
Junior lien | 279 | 492 | 180 | 363 | 279 | - | - | |
Total 1-4 family | 6,344 | 3,415 | 2,844 | 3,129 | 4,003 | 2,341 | - | |
Multifamily residential | 392 | 385 | 395 | - | 392 | - | - | |
Home equity lines of credit | 2,867 | 2,145 | 2,043 | 1,612 | 1,903 | 964 | - | |
Other consumer | 1,111 | 1,089 | 1,187 | 942 | 663 | 247 | 201 | |
Total consumer | 3,978 | 3,234 | 3,230 | 2,554 | 2,566 | 1,211 | 201 | |
Other | 148 | 16 | 16 | 1,141 | - | 148 | - | |
Total | $ | 28,121 | 18,008 | 25,631 | 42,283 | 15,937 | 11,551 | 633 |
Accruing 30-89 Days Delinquent Loans, by Loan Type | % Change from | |||||||||||||
(Dollars in thousands) |
Sep 30, 2024 |
Jun 30, 2024 |
Dec 31, 2023 |
Sep 30, 2023 |
Jun 30, 2024 |
Dec 31, 2023 |
Sep 30, 2023 |
|||||||
Custom and owner occupied construction
|
$ | 13 | $ | 1,323 | $ | 2,549 | $ | - | (99) | % | (99) | % | n/m | |
Pre-sold and spec construction | 1,250 | 816 | 1,219 | 599 | 53 | % | 3 | % | 109 | % | ||||
Total residential construction
|
1,263 | 2,139 | 3,768 | 599 | (41) | % | (66) | % | 111 | % | ||||
Land development | 157 | - | 163 | 44 | n/m | (4) | % | 257 | % | |||||
Consumer land or lots | 747 | 411 | 624 | 528 | 82 | % | 20 | % | 41 | % | ||||
Unimproved land | 39 | 158 | - | 87 | (75) | % | n/m | (55) | % | |||||
Commercial lots | - | - | 2,159 | 1,245 | n/m | (100) | % | (100) | % | |||||
Other construction | - | 21 | - | - | (100) | % | n/m | n/m | ||||||
Total land, lot and other construction
|
943 | 590 | 2,946 | 1,904 | 60 | % | (68) | % | (50) | % | ||||
Owner occupied | 5,641 | 4,326 | 2,222 | 652 | 30 | % | 154 | % | 765 | % | ||||
Non-owner occupied | 13,785 | 8,119 | 14,471 | 213 | 70 | % | (5) | % | 6,372 | % | ||||
Total commercial real estate
|
19,426 | 12,445 | 16,693 | 865 | 56 | % | 16 | % | 2,146 | % | ||||
Commercial and industrial | 3,125 | 17,591 | 12,905 | 2,946 | (82) | % | (76) | % | 6 | % | ||||
Agriculture | 16,932 | 5,288 | 594 | 604 | 220 | % | 2,751 | % | 2,703 | % | ||||
1st lien | 6,275 | 2,637 | 3,768 | 1,006 | 138 | % | 67 | % | 524 | % | ||||
Junior lien | 13 | 17 | 1 | 355 | (24) | % | 1,200 | % | (96) | % | ||||
Total 1-4 family | 6,288 | 2,654 | 3,769 | 1,361 | 137 | % | 67 | % | 362 | % | ||||
Home equity lines of credit | 4,567 | 5,432 | 4,518 | 3,638 | (16) | % | 1 | % | 26 | % | ||||
Other consumer | 2,227 | 2,192 | 3,264 | 1,821 | 2 | % | (32) | % | 22 | % | ||||
Total consumer | 6,794 | 7,624 | 7,782 | 5,459 | (11) | % | (13) | % | 24 | % | ||||
Other | 1,442 | 1,347 | 1,510 | 1,515 | 7 | % | (5) | % | (5) | % | ||||
Total | $ | 56,213 | $ | 49,678 | $ | 49,967 | $ | 15,253 | 13 | % | 13 | % | 269 | % |
Net Charge-Offs (Recoveries), Year-to-Date Period Ending, By Loan Type |
Charge-Offs | Recoveries | |||||
(Dollars in thousands) |
Sep 30, 2024 |
Jun 30, 2024 |
Dec 31, 2023 |
Sep 30, 2023 |
Sep 30, 2024 |
Sep 30, 2024 |
|
Pre-sold and spec construction | $ | (4) | (4) | (15) | (12) | - | 4 |
Land development | (21) | (1) | (135) | (134) | - | 21 | |
Consumer land or lots | (21) | (22) | (19) | (14) | - | 21 | |
Unimproved land | 5 | 5 | - | - | 5 | - | |
Commercial lots | 319 | 319 | - | - | 319 | - | |
Other construction | - | - | 889 | - | - | - | |
Total land, lot and other construction
|
282 | 301 | 735 | (148) | 324 | 42 | |
Owner occupied | (73) | (73) | (59) | (104) | - | 73 | |
Non-owner occupied | (3) | (2) | 799 | 500 | - | 3 | |
Total commercial real estate | (76) | (75) | 740 | 396 | - | 76 | |
Commercial and industrial | 1,272 | 644 | 364 | (11) | 1,839 | 567 | |
Agriculture | 65 | 68 | - | - | 68 | 3 | |
1st lien | (34) | (22) | 66 | 98 | - | 34 | |
Junior lien | (60) | (55) | 24 | 32 | 10 | 70 | |
Total 1-4 family | (94) | (77) | 90 | 130 | 10 | 104 | |
Multifamily residential | - | - | (136) | - | - | - | |
Home equity lines of credit | (31) | 1 | (6) | 20 | 35 | 66 | |
Other consumer | 753 | 493 | 1,097 | 816 | 1,056 | 303 | |
Total consumer | 722 | 494 | 1,091 | 836 | 1,091 | 369 | |
Other | 6,561 | 4,611 | 7,447 | 5,430 | 9,074 | 2,513 | |
Total | $ | 8,728 | 5,962 | 10,316 | 6,621 | 12,406 | 3,678 |