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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Assets:    
Cash and due from banks $ 85,944 $ 58,833
Interest bearing deposits 154,996 212,567
Cash and cash equivalents 240,940 271,400
Certificates of deposit in other banks 245 245
Debt securities available-for-sale at fair value (amortized cost of $1,205,289 and $1,301,244, respectively) 1,098,076 1,163,724
Equity securities at fair value 3,266 3,158
Loans held for sale 115 152
Loans 4,350,474 4,050,906
Allowance for credit losses (53,360) (49,543)
Net loans 4,297,114 4,001,363
Premises and equipment, net 47,519 45,311
Operating right-of-use assets 11,712 12,607
Finance right-of-use assets 3,006 3,096
Federal Home Loan Bank stock 5,173 4,712
Federal Reserve Bank stock 4,887 4,887
Goodwill 65,490 65,490
Bank owned life insurance 100,915 101,461
Mortgage servicing rights 7,091 7,665
Other real estate owned 1,344 1,616
Deferred tax asset 21,172 28,141
Accrued interest receivable 23,770 23,575
Other assets 31,133 31,093
Total assets 5,962,968 5,769,696
Deposits:    
Noninterest bearing 1,204,515 1,260,690
Interest bearing 3,633,747 3,463,932
Total deposits 4,838,262 4,724,622
Repurchase agreements 233,324 225,245
Federal funds purchased 500 500
Advances from Federal Home Loan Bank 319 334
Long-term debt 64,074 64,241
Operating lease liability 12,088 12,958
Finance lease liability 3,442 3,435
Accrued interest payable 16,304 7,389
Other liabilities 33,893 28,764
Total liabilities 5,202,206 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 - 18,052,147; 2023 - 17,999,840 90,261 89,999
Capital surplus 233,263 231,130
Retained earnings 517,814 484,400
Accumulated other comprehensive loss, net of tax (80,576) (103,321)
Total shareholders' equity 760,762 702,208
Total liabilities and shareholders' equity $ 5,962,968 $ 5,769,696