XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets:    
Cash and due from banks $ 55,841 $ 58,833
Interest bearing deposits 237,457 212,567
Cash and cash equivalents 293,298 271,400
Certificates of deposit in other banks 245 245
Debt securities available-for-sale at fair value (amortized cost of $1,253,750 and $1,301,244, respectively) 1,111,505 1,163,724
Equity securities at fair value 3,529 3,158
Loans held for sale 57 152
Loans 4,161,175 4,050,906
Allowance for credit losses (50,571) (49,543)
Net loans 4,110,604 4,001,363
Premises and equipment, net 46,595 45,311
Operating right-of-use assets 12,433 12,607
Finance right-of-use assets 3,067 3,096
Federal Home Loan Bank stock 4,440 4,712
Federal Reserve Bank stock 4,887 4,887
Goodwill 65,490 65,490
Bank owned life insurance 101,178 101,461
Mortgage servicing rights 7,792 7,665
Other real estate owned 1,266 1,616
Deferred tax asset 29,917 28,141
Accrued interest receivable 23,532 23,575
Other assets 30,420 31,093
Total assets 5,850,255 5,769,696
Deposits:    
Noninterest bearing 1,274,583 1,260,690
Interest bearing 3,509,687 3,463,932
Total deposits 4,784,270 4,724,622
Repurchase agreements 234,671 225,245
Federal funds purchased 500 500
Advances from Federal Home Loan Bank 329 334
Long-term debt 64,185 64,241
Operating lease liability 12,771 12,958
Finance lease liability 3,437 3,435
Accrued interest payable 9,365 7,389
Other liabilities 33,003 28,764
Total liabilities 5,142,531 5,067,488
Shareholders' equity:    
Preferred stock, 300,000 shares authorized and unissued 0 0
Common stock, $5.00 par value, shares authorized 25,000,000; shares issued and outstanding 2024 - 18,019,349; 2023 - 17,999,840 90,096 89,999
Capital surplus 231,626 231,130
Retained earnings 492,869 484,400
Accumulated other comprehensive loss, net of tax (106,867) (103,321)
Total shareholders' equity 707,724 702,208
Total liabilities and shareholders' equity $ 5,850,255 $ 5,769,696