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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 127,515 $ 224,199
Interest-bearing deposits with banks 86,620 130,948
Total cash and cash equivalents 214,135 355,147
Securities available-for-sale, at fair value (amortized cost: $1,151,663 - 2024; $1,161,172 - 2023; allowance for credit losses: $0) 1,060,014 1,039,322
Securities held to maturity, net of allowance for credit losses of $0 (fair value: $574,750 - 2024; $615,944 - 2023) 602,328 654,539
Other securities 52,386 40,797
Total securities 1,714,728 1,734,658
Loans held for sale 2,987 2,914
Loans held for investment 5,318,590 5,170,042
Allowance for credit losses (55,700) (54,032)
Net loans held for investment 5,262,890 5,116,010
Interest receivable 33,384 33,300
Premises and equipment 170,570 174,309
Operating lease right-of-use assets 5,964 6,387
Finance lease right-of-use assets 1,118 1,466
Cash surrender value of bank-owned life insurance 136,579 134,249
Goodwill 272,520 272,520
Other real estate owned 7,314 8,320
Other assets 144,266 160,065
Total assets 7,966,455 7,999,345
Deposits:    
Noninterest-bearing 1,796,746 1,849,013
Interest-bearing 4,763,966 4,613,859
Total deposits 6,560,712 6,462,872
Interest payable 13,720 22,702
Borrowed funds 207,500 390,000
Subordinated debentures 123,645 123,386
Operating lease liabilities 6,131 6,550
Finance lease liabilities 1,602 1,739
Allowance for credit losses on off-balance sheet credit exposures 2,075 2,075
Other liabilities 39,387 40,987
Total liabilities 6,954,772 7,050,311
Shareholders’ equity:    
Common stock, par value $1 per share, 80,000,000 shares authorized; 32,450,440 shares issued at September 30, 2024, and par value $1 per share, 80,000,000 shares authorized; 32,338,983 shares issued at December 31, 2023 32,450 32,339
Additional paid-in capital 776,731 775,232
Retained earnings 335,689 300,150
Accumulated other comprehensive (loss) (92,076) (117,576)
Treasury stock, at cost, 1,249,607 shares at September 30, 2024 and at December 31, 2023 (41,111) (41,111)
Total shareholders’ equity 1,011,683 949,034
Total liabilities and shareholders’ equity $ 7,966,455 $ 7,999,345