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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 76,624 $ 75,998
Interest-earning deposits with other banks 83,741 252,846
Cash and cash equivalents 160,365 328,844
Investment securities held-to-maturity (fair value $113,166 and $115,007 at June 30, 2025 and December 31, 2024, respectively) 128,455 134,111
Investment securities available-for-sale (amortized cost $400,676 and $402,651, net of allowance for credit losses of $17 and $839 at June 30, 2025 and December 31, 2024, respectively) 366,421 357,361
Investments in equity securities 1,801 2,506
Federal Home Loan Bank, Federal Reserve Bank and other stock, at cost 36,482 38,980
Loans held for sale 17,774 16,653
Loans and leases held for investment 6,801,185 6,826,583
Less: Allowance for credit losses, loans and leases (86,989) (87,091)
Net loans and leases held for investment 6,714,196 6,739,492
Premises and equipment, net 47,140 46,671
Operating lease right-of-use assets 27,278 28,531
Goodwill 175,510 175,510
Other intangibles, net of accumulated amortization 7,967 8,309
Bank owned life insurance 140,086 139,351
Accrued interest receivable and other assets 115,581 112,098
Total assets 7,939,056 8,128,417
LIABILITIES    
Noninterest-bearing deposits 1,461,189 1,414,635
Interest-bearing deposits 5,121,471 5,344,624
Total 6,582,660 6,759,259
Short-term borrowings 6,271 11,181
Long-term debt 200,000 225,000
Subordinated notes 149,511 149,261
Operating lease liabilities 30,106 31,485
Accrued interest payable and other liabilities 53,775 64,930
Total liabilities 7,022,323 7,241,116
SHAREHOLDERS’ EQUITY    
Common stock, $5 par value: 48,000,000 shares authorized at June 30, 2025 and December 31, 2024; 31,556,799 shares issued at June 30, 2025 and December 31, 2024; 28,810,805 and 29,045,877 shares outstanding at June 30, 2025 and December 31, 2024, respectively 157,784 157,784
Additional paid-in capital 301,640 302,829
Retained earnings 555,403 525,780
Accumulated other comprehensive loss, net of tax benefit (34,969) (43,992)
Treasury stock, at cost; 2,745,994 and 2,510,922 shares at June 30, 2025 and December 31, 2024, respectively (63,125) (55,100)
Total shareholders’ equity 916,733 887,301
Total liabilities and shareholders’ equity $ 7,939,056 $ 8,128,417