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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 52,363 $ 63,172
Interest-bearing deposits with other banks 131,258 309,241
Cash and cash equivalents 183,621 372,413
Investment securities:    
Investment securities - AFS 133,339 110,521
Held to maturity, net of allowance for credit losses of $101 (2024) and $94 (2023) (fair value of $440,296 (2024) and $457,830 (2023)) 484,583 513,188
Equity securities, at fair value 5,950 5,703
Restricted securities, at cost 20,253 17,900
Loans held for sale, at fair value 26,877 8,782
Loans held for investment ($10,023 (2024) and $9,944 (2023), at fair value) 4,733,909 4,641,010
Less: allowance for credit losses (58,669) (57,351)
Loans, net 4,675,240 4,583,659
Premises and equipment, net 81,663 82,386
Goodwill 63,266 63,266
Other intangible assets, net 40,609 48,090
Other real estate owned, net 179 179
Repossessed assets 306 0
Assets held for sale 1,387 0
Mortgage servicing rights, at fair value 5,309 5,926
Right-of-use assets 11,384 12,487
Cash surrender value on life insurance 103,729 101,704
Accrued interest receivable 19,992 19,217
Deferred income taxes 32,191 40,707
Other assets 27,826 24,790
TOTAL ASSETS 5,917,704 6,010,918
Deposits:    
Noninterest-bearing 1,571,393 1,258,037
Interest-bearing 3,654,330 4,128,083
Total deposits 5,225,723 5,386,120
Advances from FHLB - long-term 50,000 0
Guaranteed preferred beneficial interest in junior subordinated debentures (“TRUPS”), net 29,768 29,530
Subordinated debt, net 43,688 43,139
Total borrowings 123,456 72,669
Lease liabilities 11,816 12,857
Other liabilities 23,438 28,137
TOTAL LIABILITIES 5,384,433 5,499,783
STOCKHOLDERS' EQUITY    
Common stock, par value $0.01 per share; shares authorized - 50,000,000; shares issued and outstanding - 33,326,772 (2024) and 33,161,532 (2023) 333 332
Additional paid in capital 357,580 356,007
Retained earnings 180,884 162,290
Accumulated other comprehensive loss (5,526) (7,494)
TOTAL STOCKHOLDERS' EQUITY 533,271 511,135
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 5,917,704 $ 6,010,918