XML 18 R2.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from financial institutions $ 63,155 $ 60,406
Cash and cash equivalents 63,155 60,406
Investments in time deposits 1,450 1,225
Securities available for sale 648,067 618,272
Equity securities 2,421 2,169
Loans held for sale 665 1,725
Loans, net of allowance of $39,669 and $37,160 3,041,561 2,824,568
Other securities 30,352 29,998
Premises and equipment, net 47,166 56,769
Accrued interest receivable 13,453 12,819
Goodwill 125,520 125,520
Other intangible assets 7,883 9,508
Bank owned life insurance 62,783 61,335
Swap assets 5,308 12,481
Deferred taxes 21,681 18,357
Other assets 27,004 26,266
Total assets 4,098,469 3,861,418
Deposits    
Noninterest-bearing 695,094 771,699
Interest-bearing 2,516,776 2,213,329
Total deposits 3,211,870 2,985,028
Short-term Federal Home Loan Bank advances 339,000 338,000
Long-term Federal Home Loan Bank advances 1,501 2,392
Securities sold under agreement to repurchase 0 0
Subordinated debentures, net 104,089 103,943
Other borrowings 6,293 9,859
Swap liabilities 11,638 12,481
Accrued expenses and other liabilities 35,576 37,713
Total liabilities 3,709,967 3,489,416
SHAREHOLDERS’ EQUITY    
Common stock, no par value, 40,000,000 shares authorized, 19,340,021 shares issued at December 31, 2024 and 19,288,674 shares issued at December 31, 2023 312,037 311,166
Accumulated earnings 205,408 183,788
Treasury stock, 3,602,206 common shares at December 31, 2024 and 3,593,250 common shares at December 31, 2023, at cost (75,586) (75,422)
Accumulated other comprehensive loss (53,357) (47,530)
Total shareholders’ equity 388,502 372,002
Total liabilities and shareholders’ equity $ 4,098,469 $ 3,861,418