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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 65,173 $ 35,554
Interest-earning deposits with banks 259,973 99,760
Cash and cash equivalents 325,146 135,314
Securities available-for-sale, at fair value 1,522,611 1,432,371
Restricted stock, at cost 42,189 33,559
Loans held-for-sale 1,511 2,331
Loans 5,590,457 5,672,236
Allowance for credit losses (67,256) (68,040)
Net loans 5,523,201 5,604,196
Premises and equipment, net 133,997 132,270
Other real estate owned 2,742 2,783
Accrued interest receivable 35,453 34,454
Intangible assets 49,114 57,300
Goodwill 34,149 32,783
Company-owned life insurance 182,181 182,834
Other assets 200,790 161,990
Total Assets 8,053,084 7,812,185
Liabilities    
Non-interest-bearing deposits 1,363,617 1,379,940
Interest-bearing deposits 5,027,357 5,135,299
Total deposits 6,390,974 6,515,239
Short-term borrowings 650,000 365,000
Subordinated debentures, net 97,552 94,872
Subordinated debentures owed to unconsolidated subsidiary trusts 17,140 17,013
Accrued interest and other liabilities 117,400 89,904
Total Liabilities 7,273,066 7,082,028
Commitments and contingent liabilities (see Note 10)
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 June 30, 2025; 1,500 shares issued and outstanding at December 31, 2024 10,413 10,413
Common Stock $0.50 par value; 40,000,000 shares authorized, 15,579,002 shares issued and 15,007,712 shares outstanding at June 30, 2025; 40,000,000 shares authorized, 15,540,394 shares issued and 14,969,104 shares outstanding at December 31, 2024 7,790 7,770
Common stock, additional paid-in capital 403,234 401,172
Retained earnings 474,019 434,106
Accumulated other comprehensive income (loss) (87,854) (95,720)
Treasury stock 571,290 shares, at cost, at June 30, 2025, and 571,290 shares, at cost, at December 31, 2024 (27,584) (27,584)
Total Shareholders’ Equity 780,018 730,157
Total Liabilities and Shareholders’ Equity $ 8,053,084 $ 7,812,185