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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets:    
Cash and due from banks $ 119,294 $ 85,409
Cash at Federal Reserve and other banks 188,956 59,547
Cash and cash equivalents 308,250 144,956
Investment securities:    
Marketable equity securities 2,648 2,609
Available for sale debt securities, at fair value (amortized cost of $2,054,626 and $2,138,533) 1,852,350 1,904,885
Held to maturity debt securities, at amortized cost, net of allowance for credit losses of $0 106,868 111,866
Restricted equity securities 17,250 17,250
Loans held for sale 2,028 709
Loans 6,820,774 6,768,523
Allowance for credit losses (128,423) (125,366)
Total loans, net 6,692,351 6,643,157
Premises and equipment, net 70,475 70,287
Cash value of life insurance 134,678 140,149
Accrued interest receivable 32,536 34,810
Goodwill 304,442 304,442
Other intangible assets, net 5,918 6,432
Operating leases, right-of-use 22,806 23,529
Other assets 266,999 268,647
Total assets 9,819,599 9,673,728
Deposits:    
Noninterest-bearing demand 2,539,109 2,548,613
Interest-bearing 5,666,223 5,538,963
Total deposits 8,205,332 8,087,576
Accrued interest payable 9,685 11,501
Operating lease liability 24,657 25,437
Other liabilities 131,478 137,506
Other borrowings 91,706 89,610
Junior subordinated debt 101,222 101,191
Total liabilities 8,564,080 8,452,821
Commitments and contingencies (Note 9)
Shareholders’ equity:    
Preferred stock, no par value: 1,000,000 shares authorized, zero issued and outstanding at March 31, 2025 and December 31, 2024 0 0
Common stock, no par value: 50,000,000 shares authorized; 32,892,488 and 32,970,425 issued and outstanding at March 31, 2025 and December 31, 2024, respectively 692,500 693,462
Retained earnings 693,383 679,907
Accumulated other comprehensive loss, net of tax (130,364) (152,462)
Total shareholders’ equity 1,255,519 1,220,907
Total liabilities and shareholders’ equity $ 9,819,599 $ 9,673,728