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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 60,970 $ 51,026
Interest-bearing deposits with banks 123,176 197,848
Cash and cash equivalents 184,146 248,874
Restricted investments in bank stocks 24,111 20,232
Securities available for sale (amortized cost of $912,760 and $864,920 at September 30, 2025 and December 31, 2024, respectively) 890,357 829,711
Loans held for sale, at fair value 6,026 6,614
Loans 3,979,736 3,931,214
Less: Allowance for credit losses (48,105) (48,689)
Net loans 3,931,631 3,882,525
Premises and equipment, net 51,312 50,217
Cash surrender value of life insurance 146,020 143,854
Goodwill 69,751 68,106
Other intangible assets, net 40,338 47,765
Accrued interest receivable 20,443 21,058
Deferred tax assets, net 34,100 42,647
Other assets 71,998 79,986
Total assets 5,470,233 5,441,589
Deposits:    
Noninterest-bearing 901,557 894,176
Interest-bearing 3,632,003 3,728,920
Total deposits 4,533,560 4,623,096
Securities sold under agreements to repurchase and federal funds purchased 32,501 25,863
FHLB advances and other borrowings 209,218 115,364
Subordinated notes and trust preferred debt 36,970 68,680
Other liabilities 86,048 91,904
Total liabilities 4,898,297 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; 19,712,347 shares issued and 19,500,983 outstanding at September 30, 2025; 19,722,640 shares issued and 19,389,967 outstanding at December 31, 2024 1,026 1,027
Additional paid - in capital 423,624 423,274
Retained earnings 170,526 126,540
Accumulated other comprehensive loss (17,538) (26,316)
Treasury stock—211,364 and 332,673 shares, at cost at September 30, 2025 and December 31, 2024, respectively (5,702) (7,843)
Total shareholders’ equity 571,936 516,682
Total liabilities and shareholders’ equity $ 5,470,233 $ 5,441,589