XML 17 R3.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Cash and cash equivalents:    
Cash and due from banks $ 286,114 $ 82,796
Federal funds sold 341 423
Cash and cash equivalents 286,455 83,219
Investment securities:    
Available for sale, at fair value 83,485 131,458
Held to maturity, at cost and net of allowance for credit losses of $80 and $0 (estimated fair value of $253,584 and $242,560, respectively) 320,638 320,068
Investment securities 404,123 451,526
Federal Home Loan Bank stock, at cost 13,390 6,528
Loans held for sale 0 0
Loans, net of unearned income 2,748,708 2,519,077
Less: allowance for credit losses 30,926 23,518
Net loans 2,717,782 2,495,559
Premises and equipment, net 69,792 58,206
Goodwill 12,900 12,900
Intangible assets, net 4,298 4,979
Other real estate, net 1,250 113
Accrued interest receivable 15,713 13,002
Other assets 27,069 25,315
Total Assets 3,552,772 3,151,347
Deposits:    
Noninterest-bearing demand 442,755 524,415
Interest-bearing demand 1,526,628 1,460,259
Savings 218,986 205,760
Time 820,725 533,358
Total deposits 3,009,094 2,723,792
Short-term advances from Federal Home Loan Bank 50,000 120,000
Short-term borrowings 10,000 20,000
Repurchase agreements 6,297 6,442
Accrued interest payable 11,807 4,289
Long-term advances from Federal Home Loan Bank 155,000 0
Senior long-term debt 39,099 21,927
Junior subordinated debentures 15,000 15,000
Other liabilities 6,844 4,906
Total Liabilities 3,303,141 2,916,356
Preferred stock, Series A - $1,000 par value - 100,000 shares authorized    
Non-cumulative perpetual; 34,500 shares issued and outstanding, respectively 33,058 33,058
Common stock, $1 par value - 100,600,000 shares authorized; 12,475,424 and 10,716,796 shares issued and outstanding 12,475 10,717
Surplus 149,085 130,093
Retained earnings 67,972 76,351
Accumulated other comprehensive (loss) income (12,959) (15,228)
Total Shareholders' Equity 249,631 234,991
Total Liabilities and Shareholders' Equity $ 3,552,772 $ 3,151,347