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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from financial institutions $ 77,774,000 $ 116,181,000
Interest-bearing deposits in other financial institutions 303,167,000 406,256,000
Investment securities:    
Debt securities available-for-sale, at fair value 737,658,000 647,210,000
Held-to-maturity debt securities, fair value of: $506,681 at December 31, 2024 and $565,178 at December 31, 2023 596,930,000 632,338,000
Total investment securities 1,334,588,000 1,279,548,000
Loans held for sale 5,662,000 1,778,000
Loans 5,332,852,000 5,438,982,000
Provision (credit) for credit losses on loans 59,182,000 63,934,000
Loans, net of allowance for credit losses 5,273,670,000 5,375,048,000
Premises and equipment, net 104,342,000 96,184,000
Accrued interest receivable 23,378,000 21,511,000
Investment in unconsolidated entities 52,417,000 41,546,000
Mortgage servicing rights, net 8,473,000 8,696,000
Bank-owned life insurance 176,216,000 170,706,000
Federal Home Loan Bank of Des Moines ("FHLB") stock 6,929,000 6,793,000
Right-of-use lease asset 30,824,000 29,720,000
Other assets 74,656,000 88,829,000
Total assets 7,472,096,000 7,642,796,000
Deposits:    
Noninterest-bearing demand 1,888,937,000 1,913,379,000
Interest-bearing demand 1,338,719,000 1,329,189,000
Savings and money market 2,329,170,000 2,209,733,000
Time 1,087,185,000 1,395,291,000
Total deposits 6,644,011,000 6,847,592,000
FHLB advances and other short-term borrowings 0 0
Long-term debt, net of unamortized debt issuance costs of $202 at December 31, 2024 and $445 at December 31, 2023 156,345,000 156,102,000
Lease liability 32,025,000 30,634,000
Accrued interest payable 10,051,000 18,948,000
Other liabilities 91,279,000 85,705,000
Total liabilities 6,933,711,000 7,138,981,000
Contingent liabilities and other commitments (see Note 19)
Equity:    
Preferred stock, no par value, authorized 1,000,000 shares; issued and outstanding: none at December 31, 2024, and December 31, 2023 0 0
Common stock, no par value, authorized 185,000,000 shares; issued and outstanding 27,065,570 and 27,045,033 shares at December 31, 2024 and 2023, respectively 404,494,000 405,439,000
Additional paid-in capital 105,054,000 102,982,000
Retained earnings 143,259,000 117,990,000
Accumulated other comprehensive loss (114,422,000) (122,596,000)
Total shareholders' equity 538,385,000 503,815,000
Total liabilities and equity $ 7,472,096,000 $ 7,642,796,000