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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets:    
Cash and due from banks $ 58,833 $ 51,306
Interest bearing deposits 212,567 77,380
Cash and cash equivalents 271,400 128,686
Certificates of deposit in other banks 245 245
Debt securities available-for-sale at fair value (amortized cost of $1,301,244 and $1,430,605, respectively) 1,163,724 1,256,226
Equity securities at fair value 3,158 2,166
Loans held for sale 152 109
Loans 4,050,906 3,709,290
Allowance for credit losses (49,543) (45,981)
Net loans 4,001,363 3,663,309
Premises and equipment, net 45,311 42,633
Operating right-of-use assets 12,607 13,809
Finance right-of-use assets 3,096 3,262
Federal Home Loan Bank stock 4,712 6,676
Federal Reserve Bank stock 4,887 4,887
Goodwill 65,490 65,490
Bank owned life insurance 101,461 92,746
Mortgage servicing rights 7,665 8,468
Other real estate owned 1,616 3,671
Deferred tax asset 28,141 39,878
Accrued interest receivable 23,575 19,592
Other assets 31,093 28,463
Total assets 5,769,696 5,380,316
Deposits:    
Noninterest bearing 1,260,690 1,394,915
Interest bearing 3,463,932 3,031,228
Total deposits 4,724,622 4,426,143
Repurchase agreements 225,245 215,431
Federal funds purchased 500 500
Advances from Federal Home Loan Bank 334 355
Long-term debt 64,241 57,841
Operating lease liability 12,958 14,160
Finance lease liability 3,435 3,468
Accrued interest payable 7,389 2,237
Other liabilities 28,764 32,134
Total liabilities 5,067,488 4,752,269
Commitments and contingencies (notes 17 and 19)
Shareholders' equity:    
Preferred stock, 300,000 shares authorized and unissued 0 0
Common stock, $5.00 par value, shares authorized 25,000,000; shares outstanding 2023 - 17,999,840; 2022 - 17,918,280 89,999 89,591
Capital surplus 231,130 229,012
Retained earnings 484,400 438,596
Accumulated other comprehensive loss, net of tax (103,321) (129,152)
Total shareholders' equity 702,208 628,047
Total liabilities and shareholders' equity $ 5,769,696 $ 5,380,316