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Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Cash and cash equivalents:    
Cash and due from banks $ 218,990 $ 371,157
Federal funds sold 110,379 50,045
Total cash and cash equivalents 329,369 421,202
Interest bearing time deposits in other banks 359 356
Investment securities available for sale 397,442 384,025
Loans, net of allowance for credit losses of $40,456 and $40,304 at March 31, 2025 and December 31, 2024, respectively 3,947,583 3,926,121
Accrued interest receivable 26,752 25,820
Premises and equipment, net 25,669 26,230
Bank-owned life insurance 74,018 68,341
Non-marketable equity securities, at cost 15,994 15,980
Deferred tax asset, net 9,176 11,445
Derivative assets 3,052 6,479
Right-of-use asset - operating leases 19,370 19,863
Goodwill and other intangible assets 18,801 18,841
Other assets 29,404 17,743
Total assets 4,896,989 4,942,446
Deposits:    
Noninterest bearing 448,542 602,082
Interest bearing 3,800,001 3,708,416
Total deposits 4,248,543 4,310,498
Accrued interest payable 7,044 6,281
Derivative liabilities 3,527 8,660
Lease liability - operating leases 20,425 20,900
Other liabilities 25,979 23,754
Line of credit - Senior Debt 30,875 30,875
Note payable - Subordinated Debentures, net 80,810 80,759
Total liabilities 4,417,203 4,481,727
Commitments and contingent liabilities - See Notes 10 and 19
Shareholders' equity:    
Series A Convertible Non-Cumulative Preferred Stock, $1 par value; 69,400 shares authorized and outstanding at March 31, 2025 and December 31, 2024 69 69
Common stock, $1 par value; 50,000,000 shares authorized; 13,903,748 and 13,848,242 issued; and 13,825,286 and 13,769,780 outstanding at March 31, 2025 and December 31, 2024, respectively 13,904 13,848
Additional paid-in capital 322,456 321,696
Retained earnings 134,115 121,697
Accumulated other comprehensive income 10,341 4,508
Treasury stock: at cost; 78,462 shares at March 31, 2025 and December 31, 2024 (1,099) (1,099)
Total shareholders' equity 479,786 460,719
Total liabilities and shareholders' equity $ 4,896,989 $ 4,942,446