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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Cash and due from banks:    
Non-interest bearing $ 118,098 $ 122,871
Interest bearing 46,067 11,211
Federal funds sold 26 8,982
Cash and cash equivalents 164,191 143,064
Certificates of deposit 3,500 1,470
Investment securities:    
Available-for-sale, at fair value (amortized cost of $1,274,662 and $1,363,721 at September 30, 2024 and December 31, 2023, respectively) 1,115,552 1,171,572
Held-to-maturity, at amortized cost (estimated fair value of $2,298 and $2,286 at September 30, 2024 and December 31, 2023, respectively) 2,298 2,286
Equity securities, at fair value 4,424 4,074
Loans held for sale 8,085 4,980
Loans 5,606,506 5,575,585
Less allowance for credit losses (68,774) (68,675)
Net loans 5,537,732 5,506,910
Interest receivable 38,387 35,082
Other real estate owned 1,832 1,163
Premises and equipment, net 101,464 101,396
Goodwill, net 203,391 196,461
Intangible assets, net 61,748 67,770
Bank owned life insurance 169,635 166,125
Right of use lease assets 14,560 14,306
'Deferred tax asset, net 55,591 70,067
Other assets 80,099 100,068
Total assets 7,562,489 7,586,794
Deposits:    
Non-interest bearing 1,387,290 1,398,234
Interest bearing 4,701,544 4,725,425
Total deposits 6,088,834 6,123,659
Securities sold under agreements to repurchase 204,343 213,721
Interest payable 6,491 5,437
FHLB borrowings 238,712 263,787
Junior subordinated debentures, net 24,224 24,058
Subordinated debt, net 87,373 106,755
Lease liabilities 14,873 14,615
Other liabilities 39,142 41,558
Total liabilities 6,703,992 6,793,590
Stockholders’ equity:    
Common stock ($4 par value; authorized 30,000,000 shares; issued 24,556,622 and 24,479,708 shares in 2024 and 2023, respectively; outstanding 23,904,051 and 23,827,137 shares in 2024 and 2023, respectively) 100,227 99,919
Additional paid-in capital 512,415 509,314
Retained earnings 381,736 338,662
Deferred compensation 2,147 2,629
Accumulated other comprehensive loss (116,692) (136,427)
Treasury stock, at cost (652,571 shares in 2024 and 652,571 shares in 2023) (21,336) (20,893)
Total stockholders’ equity 858,497 793,204
Total liabilities and stockholders’ equity $ 7,562,489 $ 7,586,794