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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Cash and cash equivalents:    
Cash and due from banks $ 241,809 $ 296,926
Federal funds sold 12,088 114,919
Total cash and cash equivalents 253,897 411,845
Interest bearing time deposits in other banks 350  
Investment securities available for sale 286,167 178,087
Loans, net of allowance for credit losses of $38,211 and $37,022 at June 30, 2024 and December 31, 2023, respectively 3,719,948 3,601,766
Accrued interest receivable 27,518 23,120
Premises and equipment, net 27,626 28,554
Bank-owned life insurance 67,030 65,861
Non-marketable equity securities, at cost 16,147 16,041
Deferred tax asset, net 8,972 9,227
Derivative assets 7,799 8,828
Right-of-use asset - operating leases 20,944 21,439
Goodwill and other intangible assets 18,922 19,003
Other assets 18,799 12,303
Total assets 4,474,119 4,396,074
Deposits:    
Noninterest bearing 464,498 459,553
Interest bearing 3,391,093 3,343,595
Total deposits 3,855,591 3,803,148
Accrued interest payable 5,668 4,794
Derivative liabilities 7,626 10,687
Lease liability - operating leases 21,919 22,280
Other liabilities 30,786 23,763
Line of credit - Senior Debt 36,875 38,875
Note payable - Subordinated Debentures, net 80,656 80,553
Total liabilities 4,039,121 3,984,100
Shareholders' equity:    
Series A Convertible Non-Cumulative Preferred Stock, $1 par value; 69,400 shares authorized and outstanding at June 30, 2024 and December 31, 2023 69 69
Common stock, $1 par value; 50,000,000 shares authorized; 13,743,967 and 13,683,127 issued; and 13,665,505 and 13,604,665 outstanding at June 30, 2024 and December 31, 2023, respectively 13,744 13,683
Additional paid-in capital 320,496 319,613
Retained earnings 97,583 78,775
Accumulated other comprehensive income 4,205 933
Treasury stock: at cost; 78,462 shares at June 30, 2024 and December 31, 2023 (1,099) (1,099)
Total shareholders' equity 434,998 411,974
Total liabilities and shareholders' equity $ 4,474,119 $ 4,396,074