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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 92,300 $ 112,772
Interest-bearing deposits in banks 201,131 413,528
Federal funds sold 0 215
Total cash and cash equivalents 293,431 526,515
Interest earning time deposits 735 2,205
Investment securities, available for sale 233,677 547,251
Investment securities, held to maturity (fair value of $1,566,268 and $1,668,758) 1,867,690 1,945,638
Loans held for sale 67,597 1,418
Loans, net of allowance for credit losses of $51,980 and $50,029 4,795,060 4,367,601
Premises and equipment, net 93,864 94,583
Federal Home Loan Bank stock 53,826 34,509
Goodwill 155,211 155,211
Other intangible assets 10,223 13,626
Interest receivable 39,747 38,710
Cash value of life insurance 37,450 36,157
Other assets 152,635 177,061
Total assets 7,801,146 7,940,485
Deposits    
Non–interest bearing 1,064,818 1,116,005
Interest bearing 4,535,834 4,548,888
Total deposits 5,600,652 5,664,893
Short and long-term borrowings 1,232,252 1,353,050
Subordinated notes 55,738 55,543
Junior subordinated debentures issued to capital trusts 57,477 57,258
Interest payable 11,137 22,249
Other liabilities 80,308 68,680
Total liabilities 7,037,564 7,221,673
Commitments and contingent liabilities
Stockholders’ Equity    
Preferred stock, Authorized, 1,000,000 shares, Issued 0 shares 0 0
Common stock, no par value, authorized 99,000,000 shares issued and outstanding 0 and 43,937,889 shares 0 0
Additional paid-in capital 363,761 356,400
Retained earnings 436,122 429,021
Accumulated other comprehensive income (loss) (36,301) (66,609)
Total stockholders’ equity 763,582 718,812
Total liabilities and stockholders’ equity $ 7,801,146 $ 7,940,485