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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 78,925 $ 94,466
Federal funds sold and interest bearing due from banks 212,095 171,493
Total cash and cash equivalents 291,020 265,959
Mortgage loans held for sale, at fair value 6,286 6,056
Available for sale debt securities (amortized cost of $1,114,961 in 2024 and $1,154,153 in 2023, respectively) 990,114 1,031,179
Held to maturity debt securities (fair value of $341,357 in 2024 and $408,519 in 2023, respectively) 370,171 439,837
Federal Home Loan Bank stock, at cost 21,603 16,236
Loans [1] 6,520,402 5,771,038
Allowance for credit losses on loans (86,943) (79,374)
Net loans 6,433,459 5,691,664
Premises and equipment, net 112,736 101,174
Premises held for sale 2,321 2,502
Bank owned life insurance 89,370 86,927
Accrued interest receivable 27,697 26,830
Goodwill 194,074 194,074
Other assets 308,750 287,360
Total assets 8,863,419 8,170,102
Deposits:    
Non-interest bearing 1,456,138 1,548,624
Interest bearing 5,710,263 5,122,124
Total deposits 7,166,401 6,670,748
Securities sold under agreements to repurchase 162,967 152,991
Federal funds purchased 6,525 12,852
Subordinated debentures 26,806 26,740
Federal Home Loan Bank advances 300,000 200,000
Accrued interest payable 1,912 2,094
Other liabilities 258,332 246,574
Total liabilities 7,922,943 7,311,999
Stockholders’ equity    
Preferred stock, no par value. Authorized 1,000,000 shares; no shares issued or outstanding 0 0
Common stock, no par value. Authorized 40,000,000 shares; issued and outstanding 29,431,000 and 29,329,000 shares in 2024 and 2023, respectively 58,939 58,602
Additional paid-in capital 395,081 385,955
Retained earnings 577,607 506,344
Accumulated other comprehensive loss (91,151) (92,798)
Total stockholders’ equity 940,476 858,103
Total liabilities and equity 8,863,419 8,170,102
Core Deposits [Member]    
Assets    
Intangible 8,978 11,944
Customer Lists [Member]    
Assets    
Intangible $ 6,840 $ 8,360
[1] Total loans are presented inclusive of premiums, discounts and net loan origination fees and costs.