XML 9 R2.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Assets    
Loans $ 3,989,374 $ 3,595,523
Less: Allowance for credit losses (48,042) (44,848)
Net loans 3,941,332 3,550,675
Securities available-for-sale, at market (amortized cost $917,048 and $930,439, respectively) 824,055 811,081
Loans held for sale 2,953 2,294
Interest bearing deposits 220,601 213,701
Restricted equity securities 3,876 3,436
Federal funds sold 9,448 10,159
Total earning assets 5,002,265 4,591,346
Cash and due from banks 21,707 28,775
Bank premises and equipment, net 61,795 62,398
Accrued interest receivable 15,756 15,197
Deferred income tax asset 39,510 45,473
Bank owned life insurance 61,486 59,645
Other assets 44,587 38,837
Goodwill 4,805 4,805
Total assets 5,251,911 4,846,476
Liabilities and Shareholders’ Equity    
Noninterest-bearing 397,518 389,725
Interest bearing 920,339 934,709
Savings and money market accounts 1,629,053 1,476,995
Time 1,759,671 1,565,677
Total deposits 4,706,581 4,367,106
Accrued interest payable and other liabilities 61,847 49,965
Total liabilities 4,768,428 4,417,071
Shareholders’ equity:    
Common stock, $2.00 par value; authorized 50,000,000 shares, issued and outstanding 11,866,146 and 11,686,363 shares, respectively 23,732 23,373
Additional paid-in capital 149,980 136,866
Retained earnings 378,299 357,260
Noncontrolling interest in consolidated subsidiary 161 69
Accumulated other comprehensive losses, net of taxes of $24,304 and $31,195 respectively (68,689) (88,163)
Total shareholders’ equity 483,483 429,405
Total liabilities and shareholders’ equity $ 5,251,911 $ 4,846,476