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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 91,409 $ 122,021
Interest earning deposits 281,945 391,719
Federal funds sold 52,807 46,770
Total cash and cash equivalents 426,161 560,510
Securities AFS, at estimated fair value (amortized cost of $1,587,416 and $1,332,467, respectively) 1,533,894 1,296,294
Securities HTM (estimated fair value of $1,113,482 and $1,166,162, respectively) 1,279,234 1,307,053
FHLB stock, at cost 33,818 11,936
Equity investments 9,467 9,691
Loans held for sale 1,946 10,894
Loans:    
Loans 4,661,597 4,524,510
Less:  Allowance for loan losses (44,884) (42,674)
Net loans 4,616,713 4,481,836
Premises and equipment, net 141,648 138,950
Operating lease ROU assets 13,860 14,837
Goodwill 201,116 201,116
Other intangible assets, net 1,754 2,925
Interest receivable 46,724 50,489
Deferred tax asset, net 34,492 30,426
BOLI 138,313 136,330
Other assets 38,308 31,627
Total assets 8,517,448 8,284,914
Deposits:    
Noninterest bearing 1,357,152 1,390,407
Interest bearing 5,297,096 5,159,274
Total deposits 6,654,248 6,549,681
Other borrowings 76,443 509,820
FHLB borrowings 731,909 212,648
Subordinated notes, net of unamortized debt issuance costs [1] 92,042 93,877
Trust preferred subordinated debentures, net of unamortized debt issuance costs 60,274 60,270
Operating lease liabilities 15,779 16,704
Other liabilities 74,811 68,626
Total liabilities 7,705,506 7,511,626
Off-balance-sheet arrangements, commitments and contingencies (Note 17)
Shareholders’ equity:    
Common stock:  ($1.25 par value, 80,000,000 shares authorized, 38,077,992 shares issued at December 31, 2024 and 38,039,706 shares issued at December 31, 2023) 47,598 47,550
Paid-in capital 793,586 788,840
Retained earnings 326,793 282,355
Treasury stock: (shares at cost, 7,699,182 at December 31, 2024 and 7,790,276 at December 31, 2023) (231,137) (231,995)
AOCI (124,898) (113,462)
Total shareholders’ equity 811,942 773,288
Total liabilities and shareholders’ equity $ 8,517,448 $ 8,284,914
[1] This debt consists of subordinated notes with a remaining maturity greater than one year that qualify under the risk-based capital guidelines as Tier 2 capital, subject to certain limitations.