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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Cash and due from banks:    
Non-interest bearing $ 104,453,000 $ 122,871,000
Interest bearing 131,001,000 11,211,000
Federal funds sold 26,000 8,982,000
Cash and cash equivalents 235,480,000 143,064,000
Certificates of deposit 3,745,000 1,470,000
Investment securities:    
Available-for-sale, at fair value (amortized cost of $1,311,109 and $1,363,721 at June 30, 2024 and December 31, 2023, respectively) 1,110,650,000 1,171,572,000
Held-to-maturity, at amortized cost (estimated fair value of $2,277 and $2,286 at June 30, 2024 and December 31, 2023, respectively) 2,277,000 2,286,000
Equity securities, at fair value 4,258,000 4,074,000
Loans held for sale 7,764,000 4,980,000
Loans 5,552,853,000 5,575,585,000
Less allowance for credit losses (68,312,000) (68,675,000)
Net loans 5,484,541,000 5,506,910,000
Interest receivable 37,326,000 35,082,000
Other real estate owned 1,454,000 1,163,000
Premises and equipment, net 101,583,000 101,396,000
Goodwill, net 196,461,000 196,461,000
Intangible assets, net 60,916,000 67,770,000
Bank owned life insurance 168,439,000 166,125,000
Right of use lease assets 14,981,000 14,306,000
'Deferred tax asset, net 67,814,000 70,067,000
Other assets 83,371,000 100,068,000
Total assets 7,581,060,000 7,586,794,000
Deposits:    
Non-interest bearing 1,393,336,000 1,398,234,000
Interest bearing 4,722,443,000 4,725,425,000
Total deposits 6,115,779,000 6,123,659,000
Securities sold under agreements to repurchase 205,955,000 213,721,000
Interest payable 5,415,000 5,437,000
FHLB borrowings 263,735,000 263,787,000
Junior subordinated debentures, net 24,169,000 24,058,000
Subordinated debt, net 103,029,000 106,755,000
Lease liabilities 15,286,000 14,615,000
Other liabilities 34,047,000 41,558,000
Total liabilities 6,767,415,000 6,793,590,000
Stockholders’ equity:    
Common stock ($4 par value; authorized 30,000,000 shares; issued 24,548,439 and 24,479,708 shares in 2024 and 2023, respectively; outstanding 23,895,868 and 23,827,137 shares in 2024 and 2023, respectively) 100,194,000 99,919,000
Additional paid-in capital 512,181,000 509,314,000
Retained earnings 367,967,000 338,662,000
Deferred compensation 1,382,000 2,629,000
Accumulated other comprehensive loss (146,998,000) (136,427,000)
Treasury stock, at cost (652,571 shares in 2024 and 652,571 shares in 2023) (21,081,000) (20,893,000)
Total stockholders’ equity 813,645,000 793,204,000
Total liabilities and stockholders’ equity $ 7,581,060,000 $ 7,586,794,000