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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 114,185 $ 224,199
Interest-bearing deposits with banks 106,226 130,948
Total cash and cash equivalents 220,411 355,147
Securities available-for-sale, at fair value (amortized cost: $1,119,034 in 2024; $1,164,227 in 2023; allowance for credit losses: $0 in both 2024 and 2023) 1,003,303 1,042,365
Securities held to maturity, net of allowance for credit losses of $0 (fair value: $537,275 in 2024; $615,944 in 2023) 582,939 654,539
Equity securities 15,684 0
Other securities 44,168 37,754
Total securities 1,646,094 1,734,658
Loans held for sale 3,687 2,914
LHFI, net of allowance for credit losses of $56,205 in 2024 and $54,032 in 2023 5,351,026 5,116,010
Interest receivable 34,002 33,300
Premises and equipment 169,796 174,309
Operating lease right-of-use assets 6,102 6,387
Finance lease right-of-use assets 1,002 1,466
Cash surrender value of life insurance 145,569 134,249
Goodwill 272,520 272,520
Other intangibles 59,278 68,812
Other real estate owned 7,874 8,320
Other assets 87,417 91,253
Total assets 8,004,778 7,999,345
Deposits:    
Non-interest-bearing 1,796,685 1,849,013
Interest-bearing 4,808,171 4,613,859
Total deposits 6,604,856 6,462,872
Interest payable 13,856 22,702
Borrowed funds 210,000 390,000
Subordinated debentures 123,731 123,386
Operating lease liabilities 6,273 6,550
Finance lease liabilities 1,556 1,739
Allowance for credit losses on OBSC exposures 2,107 2,075
Other liabilities 36,968 40,987
Total liabilities 6,999,347 7,050,311
Stockholders’ Equity:    
Common stock, par value $1 per share: 80,000,000 shares authorized; 32,409,962 shares issued in 2024, 80,000,000 shares authorized, and 32,338,983 shares issued in 2023, respectively 32,410 32,339
Additional paid-in capital 777,508 775,232
Retained earnings 346,182 300,150
Accumulated other comprehensive (loss) income (109,558) (117,576)
Treasury stock, at cost (1,249,607 shares - 2024; 1,249,607 shares - 2023) (41,111) (41,111)
Total stockholders' equity 1,005,431 949,034
Total liabilities and stockholders' equity $ 8,004,778 $ 7,999,345