XML 14 R2.htm IDEA: XBRL DOCUMENT v3.25.2
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 109,669 $ 91,409
Interest earning deposits 260,357 281,945
Federal funds sold 20,069 52,807
Total cash and cash equivalents 390,095 426,161
Securities AFS, at estimated fair value (amortized cost of $1,517,550 and $1,587,416, respectively) 1,457,124 1,533,894
Securities HTM (estimated fair value of $1,081,377 and $1,113,482, respectively) 1,272,906 1,279,234
FHLB stock, at cost 24,384 33,818
Equity investments 9,502 9,467
Loans held for sale 428 1,946
Loans:    
Loans 4,601,933 4,661,597
Less: Allowance for loan losses (44,421) (44,884)
Net loans 4,557,512 4,616,713
Premises and equipment, net 147,263 141,648
Operating lease ROU assets 13,191 13,860
Goodwill 201,116 201,116
Other intangible assets, net 1,333 1,754
Interest receivable 45,546 46,724
Deferred tax asset, net 39,301 34,492
BOLI 138,826 138,313
Other assets 41,439 38,308
Total assets 8,339,966 8,517,448
Deposits:    
Noninterest bearing 1,368,453 1,357,152
Interest bearing 5,263,511 5,297,096
Total deposits 6,631,964 6,654,248
Other borrowings 99,841 76,443
FHLB borrowings 511,526 731,909
Subordinated notes, net of unamortized debt issuance costs [1] 92,115 92,042
Trust preferred subordinated debentures, net of unamortized debt issuance costs 60,277 60,274
Unsettled trades to purchase securities 50,514 0
Operating lease liabilities 15,125 15,779
Other liabilities 71,404 74,811
Total liabilities 7,532,766 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, 38,095,873 shares issued at June 30, 2025 and 38,077,992 shares issued at December 31, 2024) 47,620 47,598
Paid-in capital 794,325 793,586
Retained earnings 348,040 326,793
Treasury stock: (shares at cost, 8,014,363 at June 30, 2025 and 7,699,182 at December 31, 2024) (241,300) (231,137)
AOCI (141,485) (124,898)
Total shareholders’ equity 807,200 811,942
Total liabilities and shareholders’ equity $ 8,339,966 $ 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.