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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets:    
Cash and due from banks $ 98,306 $ 94,868
Interest bearing deposits with banks 125,171 171,723
Total cash and cash equivalents 223,477 266,591
Securities available for sale, net of allowance for credit losses of zero and $2,035 at June 30, 2024 and December 31, 2023, respectively 906,951 856,021
Securities held to maturity - fair value: $51,874 - 2024; $55,045 - 2023 52,075 55,170
Loans held for sale 15,713 6,525
Loans 6,171,637 6,082,011
Less: Allowance for credit losses 70,236 65,872
Net loans 6,101,401 6,016,139
Premises and equipment, net 139,716 123,145
Operating lease right-of-use assets 31,146 32,603
Accrued interest receivable 33,657 30,086
Goodwill 62,772 62,772
Other assets 201,465 193,459
Total assets 7,768,373 7,642,511
Liabilities:    
Deposits 6,586,403 6,325,736
Advances from Federal Home Loan Bank and other borrowings 230,052 375,059
Subordinated debentures 133,775 133,677
Operating lease liabilities 32,967 34,424
Accrued interest payable 12,631 10,539
Other liabilities 26,695 38,025
Total liabilities 7,022,523 6,917,460
Redeemable common stock owned by the ESOP 83,181 84,998
Senior Non-Cumulative Perpetual Preferred Stock, Series ECIP, no par value    
250,000 authorized, issued and outstanding at June 30, 2024 and December 31, 2023; aggregate liquidation preference of $250,000 250,000 250,000
Common Stock, par value $1.00 per share.    
100,000,000 authorized at June 30, 2024 and December 31, 2023; 11,688,257 and 11,613,221 issued and outstanding at June 30, 2024 and December 31, 2023, respectively 11,688 11,613
Additional paid-in capital 124,694 123,611
Retained earnings 392,000 370,955
Accumulated other comprehensive loss, net (32,532) (31,128)
Stockholders' equity before redeemable common stock owned by employee stock ownership plan 745,850 725,051
Less: Redeemable common stock owned by the ESOP (83,181) (84,998)
Total shareholders' equity 662,669 640,053
Liabilities and equity $ 7,768,373 $ 7,642,511