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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 19,989 $ 26,256
Interest-bearing deposits with banks 240,223 114,996
Cash and cash equivalents 260,212 141,252
Interest-bearing time deposits with banks 515 509
Debt securities available-for-sale, at fair value 669,020 759,461
Debt securities held-to-maturity (fair value of $458,640 at 2024 and $466,496 at 2023) 517,472 521,439
Equity securities with readily determinable fair value 3,324 3,360
Equity securities with no readily determinable fair value 2,622 2,505
Restricted stock, at cost 5,155 7,160
Loans held for sale 3,479 2,318
Loans, before allowance for credit losses 3,345,962 3,404,417
Allowance for credit losses (40,815) (40,048)
Loans, net of allowance for credit losses 3,305,147 3,364,369
Bank owned life insurance 24,069 23,905
Bank premises and equipment, net 64,755 65,150
Bank premises held for sale 317 0
Foreclosed assets 277 852
Goodwill 59,820 59,820
Intangible assets, net 19,972 20,682
Mortgage servicing rights, at fair value 19,081 19,001
Investments in unconsolidated subsidiaries 1,614 1,614
Accrued interest receivable 23,117 24,534
Other assets 60,542 55,239
Total assets 5,040,510 5,073,170
Deposits:    
Noninterest-bearing 1,047,074 1,072,407
Interest-bearing 3,313,500 3,329,030
Total deposits 4,360,574 4,401,437
Securities sold under agreements to repurchase 31,864 42,442
FHLB advances 12,725 12,623
Subordinated notes 39,494 39,474
Junior subordinated debentures issued to capital trusts 52,804 52,789
Other liabilities 46,368 34,909
Total liabilities 4,543,829 4,583,674
COMMITMENTS AND CONTINGENCIES (Note 14)
Stockholders' Equity    
Preferred stock, $0.01 par value; 25,000,000 shares authorized; none issued or outstanding 0 0
Common stock, $0.01 par value; 125,000,000 shares authorized; shares issued of 32,827,039 at 2024 and 32,730,698 at 2023; shares outstanding of 31,612,888 at 2024 and 31,695,828 at 2023 328 327
Surplus 296,054 295,877
Retained earnings 278,353 269,051
Accumulated other comprehensive income (loss) (56,048) (57,163)
Treasury stock at cost, 1,214,151 shares at 2024 and 1,034,870 at 2023 (22,006) (18,596)
Total stockholders’ equity 496,681 489,496
Total liabilities and stockholders’ equity $ 5,040,510 $ 5,073,170