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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from financial institutions $ 50,310 $ 60,406
Investments in time deposits 1,450 1,225
Securities available-for-sale 606,249 618,272
Equity securities 2,027 2,169
Loans held for sale 3,716 1,725
Loans, net of allowance for credit losses of $38,849 and $36,170 2,859,290 2,824,568
Other securities 31,360 29,998
Premises and equipment, net 54,280 56,769
Accrued interest receivable 13,513 12,819
Goodwill 125,520 125,520
Other intangible assets, net 9,098 9,508
Bank owned life insurance 61,685 61,335
Swap assets 14,682 12,481
Deferred taxes 20,296 18,357
Other assets 26,782 26,266
Total assets 3,880,258 3,861,418
Deposits    
Noninterest-bearing 707,993 771,699
Interest-bearing 2,272,702 2,213,329
Total deposits 2,980,695 2,985,028
Short-term Federal Home Loan Bank advances 368,500 338,000
Long-term Federal Home Loan Bank advances 2,211 2,392
Subordinated debentures 103,984 103,943
Other borrowings 8,105 9,859
Swap liabilities 14,682 12,481
Accrued expenses and other liabilities 32,422 37,713
Total liabilities 3,510,599 3,489,416
SHAREHOLDERS’ EQUITY    
Common shares, no par value, 40,000,000 shares authorized, 19,328,525 shares issued at March 31, 2024 and 19,288,101 shares issued at December 31, 2023, including Treasury shares 311,352 311,166
Retained earnings 187,638 183,788
Treasury shares, 3,601,512 common shares at March 31, 2024 and 3,592,677 common shares at December 31, 2023, at cost (75,574) (75,422)
Accumulated other comprehensive loss (53,757) (47,530)
Total shareholders’ equity 369,659 372,002
Total liabilities and shareholders’ equity $ 3,880,258 $ 3,861,418