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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 70,843 $ 75,998
Interest-earning deposits with other banks 745,896 252,846
Cash and cash equivalents 816,739 328,844
Investment securities held-to-maturity (fair value $111,904 and $115,007 at September 30, 2025 and December 31, 2024, respectively) 126,040 134,111
Investment securities available-for-sale (amortized cost $399,044 and $402,651, net of allowance for credit losses of $18 and $839 at September 30, 2025 and December 31, 2024, respectively) 368,393 357,361
Investments in equity securities 2,413 2,506
Federal Home Loan Bank, Federal Reserve Bank and other stock, at cost 39,617 38,980
Loans held for sale 6,330 16,653
Loans and leases held for investment 6,785,482 6,826,583
Less: Allowance for credit losses, loans and leases (86,527) (87,091)
Net loans and leases held for investment 6,698,955 6,739,492
Premises and equipment, net 46,245 46,671
Operating lease right-of-use assets 26,536 28,531
Goodwill 175,510 175,510
Other intangibles, net of accumulated amortization 7,537 8,309
Bank owned life insurance 139,044 139,351
Accrued interest receivable and other assets 120,257 112,098
Total assets 8,573,616 8,128,417
LIABILITIES    
Noninterest-bearing deposits 1,390,565 1,414,635
Interest-bearing deposits 5,827,578 5,344,624
Total 7,218,143 6,759,259
Short-term borrowings 11,951 11,181
Long-term debt 200,000 225,000
Subordinated notes 129,597 149,261
Operating lease liabilities 29,310 31,485
Accrued interest payable and other liabilities 51,396 64,930
Total liabilities 7,640,397 7,241,116
SHAREHOLDERS’ EQUITY    
Common stock, $5 par value: 48,000,000 shares authorized at September 30, 2025 and December 31, 2024; 31,556,799 shares issued at September 30, 2025 and December 31, 2024; 28,576,346 and 29,045,877 shares outstanding at September 30, 2025 and December 31, 2024, respectively 157,784 157,784
Additional paid-in capital 302,696 302,829
Retained earnings 574,715 525,780
Accumulated other comprehensive loss, net of tax benefit (31,636) (43,992)
Treasury stock, at cost; 2,980,453 and 2,510,922 shares at September 30, 2025 and December 31, 2024, respectively (70,340) (55,100)
Total shareholders’ equity 933,219 887,301
Total liabilities and shareholders’ equity $ 8,573,616 $ 8,128,417