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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and due from financial institutions $ 73,858 $ 63,155
Investments in time deposits 715 1,450
Securities available-for-sale 642,910 648,067
Equity securities 2,318 2,421
Loans held for sale 10,733 665
Loans, net of allowance for credit losses of $40,455 and $39,669 3,110,669 3,041,561
Other securities 36,195 30,352
Premises and equipment, net 42,922 47,166
Accrued interest receivable 14,820 13,453
Goodwill 125,520 125,520
Other intangible assets, net 7,111 7,883
Bank owned life insurance 63,555 62,783
Swap assets 3,130 5,308
Deferred taxes 22,816 21,681
Other assets 28,597 27,004
Total assets 4,185,869 4,098,469
Deposits    
Noninterest-bearing 647,609 695,094
Interest-bearing 2,548,598 2,516,776
Total deposits 3,196,207 3,211,870
Short-term Federal Home Loan Bank advances 433,500 339,000
Long-term Federal Home Loan Bank advances 1,103 1,501
Subordinated debentures 104,172 104,089
Other borrowings 5,379 6,293
Swap liabilities 7,030 11,638
Accrued expenses and other liabilities 34,341 35,576
Total liabilities 3,781,732 3,709,967
SHAREHOLDERS’ EQUITY    
Common shares, no par value, 40,000,000 shares authorized, 19,389,878 shares issued at June 30, 2025 and 19,340,021 shares issued at December 31, 2024, including Treasury shares 312,589 312,037
Retained earnings 221,321 205,408
Treasury shares, 3,860,536 common shares at June 30, 2025 and 3,852,354 common shares at December 31, 2024, at cost (75,753) (75,586)
Accumulated other comprehensive loss (54,020) (53,357)
Total shareholders’ equity 404,137 388,502
Total liabilities and shareholders’ equity $ 4,185,869 $ 4,098,469