XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 66,808 $ 72,815
Interest-earning deposits with other banks 124,103 176,984
Cash and cash equivalents 190,911 249,799
Investment securities held-to-maturity (fair value $120,592 and $128,277 at June 30, 2024 and December 31, 2023, respectively) 140,112 145,777
Investment securities available-for-sale (amortized cost $389,791 and $395,727, net of allowance for credit losses of $781 and $731 at June 30, 2024 and December 31, 2023, respectively) 342,776 351,553
Investments in equity securities 2,995 3,293
Federal Home Loan Bank, Federal Reserve Bank and other stock, at cost 37,438 40,499
Loans held for sale 28,176 11,637
Loans and leases receivable, net of deferred income 6,684,837 6,567,214
Less: Allowance for credit losses, loans and leases (85,745) (85,387)
Net loans and leases held for investment 6,599,092 6,481,827
Premises and equipment, net 48,174 51,441
Operating lease right-of-use assets 29,985 31,795
Goodwill 175,510 175,510
Other intangibles, net of accumulated amortization 7,701 10,950
Bank owned life insurance 137,823 131,344
Accrued interest receivable and other assets 114,753 95,203
Total assets 7,855,446 7,780,628
LIABILITIES    
Noninterest-bearing deposits 1,397,308 1,468,320
Interest-bearing deposits 5,098,014 4,907,461
Total 6,495,322 6,375,781
Short-term borrowings 11,781 6,306
Long-term debt 250,000 310,000
Subordinated notes 149,011 148,761
Operating lease liabilities 33,015 34,851
Accrued interest payable and other liabilities 62,180 65,721
Total liabilities 7,001,309 6,941,420
SHAREHOLDERS’ EQUITY    
Common stock, $5 par value: 48,000,000 shares authorized at June 30, 2024 and December 31, 2023; 31,556,799 shares issued at June 30, 2024 and December 31, 2023; 29,190,640 and 29,511,721 shares outstanding at June 30, 2024 and December 31, 2023, respectively 157,784 157,784
Additional paid-in capital 300,166 301,066
Retained earnings 500,482 474,691
Accumulated other comprehensive loss, net of tax benefit (54,124) (50,646)
Treasury stock, at cost; 2,366,159 and 2,045,078 shares at June 30, 2024 and December 31, 2023, respectively (50,171) (43,687)
Total shareholders’ equity 854,137 839,208
Total liabilities and shareholders’ equity $ 7,855,446 $ 7,780,628