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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 36,059 $ 69,973
Interest-bearing deposits 47,315 177,495
Cash and cash equivalents 83,374 247,468
Securities held to maturity, at amortized cost ($110,867 and $103,626 fair value at March 31, 2024 and December 31, 2023, respectively) 111,732 103,324
Securities available for sale, at fair value ($151,360 and $154,318 amortized cost at March 31, 2024 and December 31, 2023, respectively) 138,420 142,197
Loans held for sale 1,293 3,012
Loans 3,383,395 3,342,974
Allowance for credit losses - loans ("ACL-Loans") (44,378) (43,609)
Loans, net 3,339,017 3,299,365
Premises and equipment, net 69,621 69,891
Goodwill 175,106 175,106
Other investments 21,290 21,366
Cash value of life insurance 61,697 61,292
Core deposit intangibles, net 25,496 26,996
Mortgage servicing rights ("MSR") 13,356 13,668
Other real estate owned ("OREO") 2,674 2,573
Investment in minority-owned subsidiaries 33,372 32,926
Other assets 23,476 22,658
TOTAL ASSETS 4,099,924 4,221,842
Deposits:    
Interest-bearing deposits 2,425,550 2,382,185
Noninterest-bearing deposits 990,489 1,050,735
Total deposits 3,416,039 3,432,920
Securities sold under repurchase agreements   75,747
Notes payable 35,295 35,270
Subordinated notes 12,000 12,000
Junior subordinated debenture   4,124
Other liabilities 27,260 41,983
Total liabilities 3,490,594 3,602,044
Stockholders' equity:    
Serial preferred stock - $0.01 par value; Authorized - 5,000,000 shares
Common stock - $0.01 par value; Authorized - 20,000,000 shares; Issued - 11,515,130 and 11,515,130 shares as of March 31, 2024 and December 31, 2023, respectively; Outstanding - 10,129,190 and 10,365,131 shares as of March 31, 2024 and December 31, 2023, respectively 115 115
Additional paid-in capital 332,224 333,815
Retained earnings 359,872 348,001
Treasury stock, at cost - 1,385,940 and 1,149,999 shares as of March 31, 2024 and December 31, 2023, respectively (73,470) (53,387)
Accumulated other comprehensive loss (9,411) (8,746)
Total stockholders' equity 609,330 619,798
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 4,099,924 $ 4,221,842