XML 24 R3.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 76,237 $ 83,990
Interest earning deposits in banks 5,479 2,445
Federal funds sold 11 0
Total cash and cash equivalents 81,727 86,435
Debt securities available for sale at fair value 795,134 1,153,547
Held to maturity securities at amortized cost 1,075,190 1,129,421
Total securities 1,870,324 2,282,968
Loans held for sale 1,045 612
Gross loans held for investment 4,138,352 3,854,791
Unearned income, net (11,405) (14,267)
Loans held for investment, net of unearned income 4,126,947 3,840,524
Allowance for credit losses (51,500) (49,200)
Total loans held for investment, net 4,075,447 3,791,324
Premises and equipment, net 85,742 87,125
Goodwill 62,477 62,477
Other intangible assets, net 24,069 30,315
Foreclosed assets, net 3,929 103
Other assets 222,780 236,517
Total assets 6,427,540 6,577,876
LIABILITIES AND SHAREHOLDERS' EQUITY    
Noninterest bearing deposits 897,053 1,053,450
Interest bearing deposits 4,498,620 4,415,492
Total deposits 5,395,673 5,468,942
Short-term borrowings 300,264 391,873
Long-term debt 123,296 139,210
Other liabilities 83,929 85,058
Total liabilities 5,903,162 6,085,083
Commitments and contingencies (Note 18)
Shareholders' equity    
Preferred stock, no par value; authorized 500,000 shares; no shares issued and outstanding 0 0
Common stock, $1.00 par value; authorized 30,000,000 shares; issued shares of 16,581,017 and 16,581,017; outstanding shares of 15,694,306 and 15,623,977 16,581 16,581
Additional paid-in capital 302,157 302,085
Retained earnings 294,784 289,289
Treasury stock at cost, 886,711 and 957,040 shares (24,245) (26,115)
Accumulated other comprehensive loss (64,899) (89,047)
Total shareholders' equity 524,378 492,793
Total liabilities and shareholders' equity $ 6,427,540 $ 6,577,876