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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 438,141 $ 129,893
Trading 2,868 0
Available-for-sale, at fair value (amortized cost of $561,960 and $584,754, respectively) 459,345 486,736
Held-to-maturity, at amortized cost (fair value of $243,689 and $258,617, respectively, with an allowance for credit losses on investments of $151 and $213, respectively) 286,532 299,515
Loans held for sale 38,158 11,497
Loans 2,915,792 2,759,583
Allowance for credit losses on loans (38,332) (35,843)
Net loans 2,877,460 2,723,740
Land, premises and equipment, net 17,328 17,940
Operating lease right-of-use assets 4,871 5,436
Accrued interest receivable 16,877 15,700
Bank-owned life insurance 35,508 33,236
Goodwill 46,783 46,783
Other intangible assets, net 14,510 17,158
Servicing rights 1,963 2,052
Deferred income taxes, net 35,732 34,595
Other assets 82,547 83,432
Total assets 4,358,623 3,907,713
Deposits    
Noninterest-bearing 701,428 728,082
Interest-bearing 2,597,147 2,367,529
Total deposits 3,298,575 3,095,611
Short-term borrowings 555,000 314,170
Long-term debt 59,013 58,956
Operating lease liabilities 5,197 5,751
Accrued expenses and other liabilities 67,612 64,098
Total liabilities 3,985,397 3,538,586
Commitments and contingencies (Note 13)
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: 19,777,796 and 19,734,077 issued and outstanding 19,778 19,734
Additional paid-in capital 150,857 150,343
Retained earnings 277,620 272,705
Accumulated other comprehensive income (loss) (75,029) (73,655)
Total stockholders' equity 373,226 369,127
Total liabilities and stockholders' equity $ 4,358,623 $ 3,907,713