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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 129,893 $ 58,242
Available-for-sale, at fair value (amortized cost of $584,754 and $849,567, respectively) 486,736 717,324
Held-to-maturity, at amortized cost (fair value of $258,617 and $270,912, respectively, with an allowance for credit losses on investments of $213 and $0, respectively) 299,515 321,902
Loans held for sale 11,497 9,488
Loans 2,759,583 2,443,994
Allowance for credit losses on loans (35,843) (31,146)
Net loans 2,723,740 2,412,848
Land, premises and equipment, net 17,940 17,288
Operating lease right-of-use assets 5,436 5,419
Accrued interest receivable 15,700 12,869
Bank-owned life insurance 33,236 33,991
Goodwill 46,783 47,087
Other intangible assets, net 17,158 22,455
Servicing rights 2,052 2,643
Deferred income taxes, net 34,595 42,369
Other assets 83,432 75,712
Total assets 3,907,713 3,779,637
Deposits    
Noninterest-bearing 728,082 860,987
Interest-bearing 2,367,529 2,054,497
Total deposits 3,095,611 2,915,484
Short-term borrowings 314,170 378,080
Long-term debt 58,956 58,843
Operating lease liabilities 5,751 5,902
Accrued expenses and other liabilities 64,098 64,456
Total liabilities 3,538,586 3,422,765
Commitments and contingencies (Note 15)
Stockholders' equity    
Preferred stock, $1 par value, 2,000,000 shares authorized: 0 issued and outstanding
Common stock, $1 par value, 30,000,000 shares authorized: 19,734,077 and 19,991,681 issued and outstanding 19,734 19,992
Additional paid-in capital 150,343 155,095
Retained earnings 272,705 280,426
Accumulated other comprehensive income (loss) (73,655) (98,641)
Total stockholders' equity 369,127 356,872
Total liabilities and stockholders' equity $ 3,907,713 $ 3,779,637