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Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Cash and cash equivalents:    
Cash and due from banks $ 116,383 $ 371,157
Federal funds sold 6,629 50,045
Total cash and cash equivalents 123,012 421,202
Interest bearing time deposits in other banks 265 356
Investment securities available for sale 376,719 384,025
Investment securities held-to-maturity 206,037 0
Loans, net of allowance for credit losses of $42,563 and $40,304 at September 30, 2025 and December 31, 2024, respectively 4,122,553 3,926,121
Accrued interest receivable 29,537 25,820
Premises and equipment, net 24,718 26,230
Bank-owned life insurance 75,547 68,341
Non-marketable equity securities, at cost 26,157 15,980
Deferred tax asset, net 6,989 11,445
Derivative assets 2,803 6,479
Right-of-use asset - operating leases 17,677 19,863
Goodwill and other intangible assets 18,720 18,841
Other assets 31,074 17,743
Total assets 5,061,808 4,942,446
Deposits:    
Noninterest bearing 450,013 602,082
Interest bearing 3,922,728 3,708,416
Total deposits 4,372,741 4,310,498
Accrued interest payable 7,153 6,281
Derivative liabilities 3,521 8,660
Lease liability - operating leases 18,735 20,900
Other liabilities 32,040 23,754
Line of credit - Senior Debt 32,875 30,875
Note payable - Subordinated Debentures, net 80,913 80,759
Total liabilities 4,547,978 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 September 30, 2025 and December 31, 2024 69 69
Common stock, $1 par value; 50,000,000 shares authorized; 13,957,561 and 13,848,242 issued; and 13,879,099 and 13,769,780 outstanding at September 30, 2025 and December 31, 2024, respectively 13,958 13,848
Additional paid-in capital 323,491 321,696
Retained earnings 166,537 121,697
Accumulated other comprehensive income 10,874 4,508
Treasury stock: at cost; 78,462 shares at September 30, 2025 and December 31, 2024 (1,099) (1,099)
Total shareholders' equity 513,830 460,719
Total liabilities and shareholders' equity $ 5,061,808 $ 4,942,446