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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 54,335 $ 51,026
Interest-bearing deposits with banks 95,042 197,848
Cash and cash equivalents 149,377 248,874
Restricted investments in bank stocks 21,204 20,232
Securities available for sale (amortized cost of $916,830 and $864,920 at June 30, 2025 and December 31, 2024, respectively) 885,373 829,711
Loans held for sale, at fair value 5,206 6,614
Loans 3,931,379 3,931,214
Less: Allowance for credit losses (47,898) (48,689)
Net loans 3,883,481 3,882,525
Premises and equipment, net 51,703 50,217
Cash surrender value of life insurance 145,760 143,854
Goodwill 69,751 68,106
Other intangible assets, net 42,748 47,765
Accrued interest receivable 19,958 21,058
Deferred tax assets, net 36,683 42,647
Other assets 76,401 79,986
Total assets 5,387,645 5,441,589
Deposits:    
Noninterest-bearing 918,263 894,176
Interest-bearing 3,598,362 3,728,920
Total deposits 4,516,625 4,623,096
Securities sold under agreements to repurchase and federal funds purchased 30,047 25,863
FHLB advances and other borrowings 136,334 115,364
Subordinated notes and trust preferred debt 69,021 68,680
Other liabilities 87,170 91,904
Total liabilities 4,839,197 4,924,907
Commitments and contingencies
Shareholders’ Equity    
Preferred stock, $1.25 par value per share; 500,000 shares authorized; no shares issued or outstanding 0 0
Common stock, no par value—$0.05205 stated value per share; 50,000,000 shares authorized; 19,713,126 shares issued and 19,535,835 outstanding at June 30, 2025; 19,722,640 shares issued and 19,389,967 outstanding at December 31, 2024 1,026 1,027
Additional paid - in capital 422,349 423,274
Retained earnings 153,923 126,540
Accumulated other comprehensive loss (24,479) (26,316)
Treasury stock—177,291 and 332,673 shares, at cost at June 30, 2025 and December 31, 2024, respectively (4,371) (7,843)
Total shareholders’ equity 548,448 516,682
Total liabilities and shareholders’ equity $ 5,387,645 $ 5,441,589