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Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 124,076,000 $ 129,898,000
Interest-earning deposits 303,908,000 361,533,000
Cash and cash equivalents 427,984,000 [1] 491,431,000
Certificates of deposit in other banks 3,189,000 6,374,000
Securities available for sale (“AFS”), at fair value 825,907,000 802,573,000
Other investments 60,443,000 57,560,000
Loans held for sale 11,121,000 4,160,000
Loans 6,556,840,000 6,353,942,000
Allowance for credit losses - loans (“ACL-Loans”) (65,785,000) (63,610,000)
Loans, net 6,491,055,000 6,290,332,000
Premises and equipment, net 123,585,000 118,756,000
Bank owned life insurance (“BOLI”) 185,011,000 169,392,000
Goodwill and other intangibles, net 389,727,000 394,366,000
Accrued interest receivable and other assets 119,096,000 133,734,000
Total assets 8,637,118,000 8,468,678,000
Liabilities:    
Noninterest-bearing demand deposits 1,839,617,000 1,958,709,000
Interest-bearing deposits 5,420,380,000 5,239,091,000
Total deposits 7,259,997,000 7,197,800,000
Short-term borrowings 0 0
Long-term borrowings 161,210,000 166,930,000
Accrued interest payable and other liabilities 66,584,000 64,941,000
Total liabilities 7,487,791,000 7,429,671,000
Stockholders’ Equity:    
Common stock 151,000 149,000
Additional paid-in capital 647,934,000 633,770,000
Retained earnings 535,638,000 458,261,000
Accumulated other comprehensive income (loss) (34,396,000) (53,173,000)
Total stockholders’ equity 1,149,327,000 1,039,007,000
Total liabilities and stockholders’ equity $ 8,637,118,000 $ 8,468,678,000
Preferred shares authorized (no par value) 10,000,000 10,000,000
Preferred shares issued and outstanding 0 0
Common shares authorized (par value $0.01 per share) 30,000,000 30,000,000
Common shares outstanding 15,104,381 14,894,209
Common shares issued 15,158,639 14,951,367
[1] There was no restricted cash in cash and cash equivalents at either September 30, 2024 or September 30, 2023.