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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 103,359 $ 91,409
Interest earning deposits 293,364 281,945
Federal funds sold 34,248 52,807
Total cash and cash equivalents 430,971 426,161
Securities AFS, at estimated fair value (amortized cost of $1,509,152 and $1,587,416, respectively) 1,457,939 1,533,894
Securities HTM (estimated fair value of $1,109,108 and $1,113,482, respectively) 1,278,330 1,279,234
FHLB stock, at cost 34,208 33,818
Equity investments 9,458 9,467
Loans held for sale 903 1,946
Loans:    
Loans 4,567,239 4,661,597
Less: Allowance for loan losses (44,623) (44,884)
Net loans 4,522,616 4,616,713
Premises and equipment, net 142,245 141,648
Operating lease ROU assets 13,527 13,860
Goodwill 201,116 201,116
Other intangible assets, net 1,531 1,754
Interest receivable 36,245 46,724
Deferred tax asset, net 36,646 34,492
BOLI 137,962 138,313
Other assets 39,603 38,308
Total assets 8,343,300 8,517,448
Deposits:    
Noninterest bearing 1,379,641 1,357,152
Interest bearing 5,211,210 5,297,096
Total deposits 6,590,851 6,654,248
Other borrowings 79,698 76,443
FHLB borrowings 611,719 731,909
Subordinated notes, net of unamortized debt issuance costs [1] 92,078 92,042
Trust preferred subordinated debentures, net of unamortized debt issuance costs 60,276 60,274
Operating lease liabilities 15,454 15,779
Other liabilities 76,601 74,811
Total liabilities 7,526,677 7,705,506
Off-balance-sheet arrangements, commitments and contingencies (Note 12)
Shareholders’ equity:    
Common stock:  ($1.25 par value, 80,000,000 shares authorized, 38,086,889 shares issued at March 31, 2025 and 38,077,992 shares issued at December 31, 2024) 47,609 47,598
Paid-in capital 794,385 793,586
Retained earnings 337,230 326,793
Treasury stock: (shares at cost, 7,676,507 at March 31, 2025 and 7,699,182 at December 31, 2024) (230,787) (231,137)
AOCI (131,814) (124,898)
Total shareholders’ equity 816,623 811,942
Total liabilities and shareholders’ equity $ 8,343,300 $ 8,517,448
[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.