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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 80,795 $ 84,176
Interest-earning deposits with other banks 59,616 68,623
Cash and cash equivalents 140,411 152,799
Investment securities held-to-maturity (fair value $133,835 and $134,068 at June 30, 2023 and December 31, 2022, respectively) 153,509 154,727
Investment securities available-for-sale (amortized cost $405,808 and $402,111, net of allowance for credit losses of $1,537 and $1,140 at June 30, 2023 and December 31, 2022, respectively) 356,164 350,256
Investments in equity securities 3,443 2,579
Federal Home Loan Bank, Federal Reserve Bank and other stock, at cost 42,811 33,841
Loans held for sale 29,526 5,037
Loans and leases receivable, net of deferred income 6,462,238 6,123,230
Less: Allowance for credit losses, loans and leases (82,709) (79,004)
Net loans and leases held for investment 6,379,529 6,044,226
Premises and equipment, net 52,058 50,939
Operating lease right-of-use assets 30,237 30,059
Goodwill 175,510 175,510
Other intangibles, net of accumulated amortization 10,923 11,384
Bank owned life insurance 129,715 120,297
Accrued interest receivable and other assets 96,314 90,362
Total assets 7,600,150 7,222,016
LIABILITIES    
Noninterest-bearing deposits 1,582,767 2,047,263
Interest-bearing deposits 4,404,635 3,866,263
Deposits, Total 5,987,402 5,913,526
Short-term borrowings 244,666 197,141
Long-term debt 320,000 95,000
Subordinated notes 148,510 148,260
Operating lease liabilities 33,428 33,153
Accrued interest payable and other liabilities 60,922 58,436
Total liabilities 6,794,928 6,445,516
SHAREHOLDERS' EQUITY    
Common stock, $5 par value: 48,000,000 shares authorized at June 30, 2023 and December 31, 2022; 31,556,799 shares issued at June 30, 2023 and December 31, 2022; 29,471,124 and 29,271,915 shares outstanding at June 30, 2023 and December 31, 2022, respectively 157,784 157,784
Additional paid-in capital 299,212 300,808
Retained earnings 453,806 428,637
Accumulated other comprehensive loss, net of tax benefit (61,034) (62,104)
Treasury stock, at cost; 2,085,675 and 2,284,884 shares at June 30, 2023 and December 31, 2022, respectively (44,546) (48,625)
Total shareholders’ equity 805,222 776,500
Total liabilities and shareholders’ equity $ 7,600,150 $ 7,222,016
Treasury Stock, Common, Shares 2,085,675 2,284,884