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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 35,554 $ 8,896
Interest-bearing deposits with banks 99,760 35,602
Cash and cash equivalents 135,314 44,498
Securities available-for-sale, at fair value 1,432,371 1,248,439
Restricted stock, at cost 33,559 5,964
Loans held-for-sale, at fair value 2,331 1,497
Loans 5,672,236 2,087,756
Allowance for credit losses (68,040) (25,301)
Net loans 5,604,196 2,062,455
Other real estate owned 2,783 0
Premises and equipment, net 132,270 61,128
Accrued interest receivable 34,454 15,895
Intangible assets 57,300 0
Goodwill 32,783 0
Company-owned life insurance 182,834 94,159
Other assets 161,990 83,544
Total Assets 7,812,185 3,617,579
Liabilities    
Non-interest-bearing deposits 1,379,940 830,320
Interest-bearing deposits 5,135,299 2,171,561
Total deposits 6,515,239 3,001,881
Short-term borrowings 365,000 272,000
Subordinated debentures, net 94,872 0
Subordinated debentures owed to unconsolidated subsidiary trusts 17,013 0
Accrued interest and other liabilities 89,904 28,948
Total Liabilities 7,082,028 3,302,829
Commitments and contingent liabilities (see Note 14)
Shareholders’ Equity    
Preferred stock and related surplus, $1.00 par value per share; 2,000,000 shares authorized; 1,500 shares issued and outstanding at December 31, 2024, zero shares issued and outstanding at December 31, 2023 10,413 0
Common Stock $0.50 par value; 40,000,000 shares authorized, 15,540,394 shares issued and 14,969,104 shares outstanding at December 31, 2024; 20,000,000 shares authorized, 8,000,000 shares issued and 7,428,710 shares outstanding at December 31, 2023 7,770 4,000
Common stock, additional paid-in capital 401,172 14,495
Retained earnings 434,106 427,333
Accumulated other comprehensive income (loss) (95,720) (103,494)
Treasury stock 571,290 shares, at cost, at December 31, 2024, and 571,290 shares, at cost, at December 31, 2023 (27,584) (27,584)
Total Shareholders' Equity 730,157 314,750
Total Liabilities and Shareholders' Equity $ 7,812,185 $ 3,617,579