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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 22,604 $ 26,256
Interest-bearing deposits with banks 172,636 114,996
Cash and cash equivalents 195,240 141,252
Interest-bearing time deposits with banks 520 509
Debt securities available-for-sale, at fair value 669,055 759,461
Debt securities held-to-maturity (fair value of $453,753 at 2024 and $466,496 at 2023) 512,549 521,439
Equity securities with readily determinable fair value 3,228 3,360
Equity securities with no readily determinable fair value 2,613 2,505
Restricted stock, at cost 5,086 7,160
Loans held for sale 858 2,318
Loans, before allowance for credit losses 3,385,483 3,404,417
Allowance for credit losses (40,806) (40,048)
Loans, net of allowance for credit losses 3,344,677 3,364,369
Bank owned life insurance 24,235 23,905
Bank premises and equipment, net 65,711 65,150
Bank premises held for sale 317 0
Foreclosed assets 320 852
Goodwill 59,820 59,820
Intangible assets, net 19,262 20,682
Mortgage servicing rights, at fair value 18,984 19,001
Investments in unconsolidated subsidiaries 1,614 1,614
Accrued interest receivable 22,425 24,534
Other assets 59,685 55,239
Total assets 5,006,199 5,073,170
Deposits:    
Noninterest-bearing 1,045,697 1,072,407
Interest-bearing 3,272,996 3,329,030
Total deposits 4,318,693 4,401,437
Securities sold under agreements to repurchase 29,330 42,442
FHLB advances 13,734 12,623
Subordinated notes 39,514 39,474
Junior subordinated debentures issued to capital trusts 52,819 52,789
Other liabilities 42,640 34,909
Total liabilities 4,496,730 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 31,559,366 at 2024 and 31,695,828 at 2023 328 327
Surplus 296,430 295,877
Retained earnings 290,386 269,051
Accumulated other comprehensive income (loss) (54,656) (57,163)
Treasury stock at cost, 1,267,673 shares at 2024 and 1,034,870 at 2023 (23,019) (18,596)
Total stockholders’ equity 509,469 489,496
Total liabilities and stockholders’ equity $ 5,006,199 $ 5,073,170