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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Cash and due from banks:    
Non-interest bearing $ 133,544,000 $ 138,412,000
Interest bearing 32,549,000 6,394,000
Federal funds sold 8,160,000 7,627,000
Cash and cash equivalents 174,253,000 152,433,000
Certificates of deposit 1,715,000 1,470,000
Investment securities:    
Available-for-sale, at fair value (amortized cost of $1,377,805 and $1,432,372 at June 30, 2023 and December 31, 2022, respectively) 1,164,333,000 1,218,985,000
Held-to-maturity, at amortized cost (estimated fair value of $2,971 and $2,954 at June 30, 2023 and December 31, 2022, respectively) 2,971,000 2,954,000
Equity securities, at fair value 409,000 311,000
Loans held for sale 2,713,000 338,000
Loans 4,810,703,000 4,825,874,000
Less allowance for credit losses (58,719,000) (59,093,000)
Net loans 4,751,984,000 4,766,781,000
Interest receivable 28,980,000 28,357,000
Other real estate owned 3,978,000 4,261,000
Premises and equipment, net 89,924,000 90,473,000
Goodwill 146,363,000 140,412,000
Intangible assets, net 32,252,000 29,485,000
Bank owned life insurance 152,538,000 151,756,000
Right of use lease assets 14,895,000 15,774,000
'Deferred tax asset, net 72,284,000 72,254,000
Other assets 64,277,000 68,171,000
Total assets 6,703,869,000 6,744,215,000
Deposits:    
Non-interest bearing 1,171,047,000 1,256,514,000
Interest bearing 4,048,538,000 4,000,487,000
Total deposits 5,219,585,000 5,257,001,000
Securities sold under agreements to repurchase 209,170,000 221,414,000
Interest payable 4,344,000 3,346,000
FHLB borrowings 449,979,000 465,071,000
Junior subordinated debentures, net 19,448,000 19,364,000
Subordinated debt, net 94,632,000 94,553,000
Lease liabilities 15,176,000 16,035,000
Other liabilities 30,848,000 34,276,000
Total liabilities 6,043,182,000 6,111,060,000
Stockholders’ equity:    
Common stock ($4 par value; authorized 30,000,000 shares; issued 21,167,452 and 21,091,466 shares in 2023 and 2022, respectively; outstanding 20,528,192 and 20,452,376 shares in 2023 and 2022, respectively) 86,670,000 86,366,000
Additional paid-in capital 428,504,000 427,001,000
Retained earnings 315,636,000 289,284,000
Deferred compensation 1,502,000 2,064,000
Accumulated other comprehensive loss (151,566,000) (151,507,000)
Less treasury stock, at cost (639,260 shares in 2023 and 639,090 shares in 2022) (20,059,000) (20,053,000)
Total stockholders’ equity 660,687,000 633,155,000
Total liabilities and stockholders’ equity $ 6,703,869,000 $ 6,744,215,000