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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets:    
Cash and due from banks $ 130,147 $ 85,409
Cash at Federal Reserve and other banks 184,121 59,547
Cash and cash equivalents 314,268 144,956
Investment securities:    
Marketable equity securities 2,656 2,609
Available for sale debt securities, at fair value (amortized cost of $2,004,864 and $2,138,533) 1,815,376 1,904,885
Held to maturity debt securities, at amortized cost, net of allowance for credit losses of $0 101,672 111,866
Restricted equity securities 17,250 17,250
Loans held for sale 1,577 709
Loans 6,958,993 6,768,523
Allowance for credit losses (124,455) (125,366)
Total loans, net 6,834,538 6,643,157
Premises and equipment, net 70,092 70,287
Cash value of life insurance 135,520 140,149
Accrued interest receivable 32,534 34,810
Goodwill 304,442 304,442
Other intangible assets, net 5,435 6,432
Operating leases, right-of-use 22,158 23,529
Other assets 266,465 268,647
Total assets 9,923,983 9,673,728
Deposits:    
Noninterest-bearing demand 2,559,788 2,548,613
Interest-bearing 5,816,021 5,538,963
Total deposits 8,375,809 8,087,576
Accrued interest payable 10,172 11,501
Operating lease liability 23,965 25,437
Other liabilities 128,162 137,506
Other borrowings 17,788 89,610
Junior subordinated debt 101,264 101,191
Total liabilities 8,657,160 8,452,821
Commitments and contingencies (Note 9)
Shareholders’ equity:    
Preferred stock, no par value: 1,000,000 shares authorized, zero issued and outstanding at June 30, 2025 and December 31, 2024 0 0
Common stock, no par value: 50,000,000 shares authorized; 32,550,264 and 32,970,425 issued and outstanding at June 30, 2025 and December 31, 2024, respectively 685,489 693,462
Retained earnings 702,690 679,907
Accumulated other comprehensive loss, net of tax (121,356) (152,462)
Total shareholders’ equity 1,266,823 1,220,907
Total liabilities and shareholders’ equity $ 9,923,983 $ 9,673,728