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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Cash and due from banks:    
Non-interest bearing $ 92,112 $ 122,871
Interest bearing 29,029 11,211
Federal funds sold 75 8,982
Cash and cash equivalents 121,216 143,064
Certificates of deposit investments 3,500 1,470
Investment securities:    
Available-for-sale, at fair value (amortized cost of $1,257,436 and $1,363,721 at December 31, 2024 and 2023, respectively) 1,063,292 1,171,572
Held-to-maturity, at amortized cost (estimated fair value of $2,279 and $2,286 at December 31, 2024 and 2023, respectively) 2,279 2,286
Equity securities, at fair value 4,439 4,074
Loans held for sale, at fair value 6,614 4,980
Loans 5,665,848 5,575,585
Less allowance for credit losses (70,182) (68,675)
Net loans 5,595,666 5,506,910
Interest receivable 38,639 35,082
Other real estate owned, net 2,179 1,163
Premises and equipment, net 100,234 101,396
Goodwill, net 203,391 196,461
Intangible assets, net 58,515 67,770
Bank owned life insurance 170,854 166,125
Right of use asset 13,861 14,306
Deferred tax asset, net 59,586 70,067
Other assets 75,469 100,068
Total assets 7,519,734 7,586,794
Deposits:    
Non-interest bearing 1,329,155 1,398,234
Interest bearing 4,727,941 4,725,425
Total deposits 6,057,096 6,123,659
Securities sold under agreements to repurchase 204,122 213,721
Interest payable 5,280 5,437
FHLB borrowings 242,520 263,787
Junior subordinated debentures, net 24,280 24,058
Subordinated debt, net 87,472 106,755
Lease liability 14,190 14,615
Other liabilities 38,383 41,558
Total liabilities 6,673,343 6,793,590
Stockholders’ equity:    
Common stock, $4 par value; authorized 30,000,000 shares; issued 24,564,356 and 24,479,708 shares in 2024 and 2023, respectively; outstanding 23,895,807 and 23,827,137 shares in 2024 and 2023, respectively 100,258 99,919
Additional paid-in capital 512,810 509,314
Retained earnings 395,189 338,662
Deferred compensation 2,756 2,629
Accumulated other comprehensive loss (142,383) (136,427)
Treasury stock at cost, 668,549 and 652,571 shares in 2024 and 2023, respectively (22,239) (20,893)
Total stockholders’ equity 846,391 793,204
Total liabilities and stockholders’ equity $ 7,519,734 $ 7,586,794