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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 26,776 $ 26,256
Interest-bearing deposits with banks 152,895 114,996
Cash and cash equivalents 179,671 141,252
Interest-bearing time deposits with banks 0 509
Debt securities available-for-sale, at fair value 710,303 759,461
Debt securities held-to-maturity (fair value of $463,259 at 2024 and $466,496 at 2023) 505,075 521,439
Equity securities with readily determinable fair value 3,364 3,360
Equity securities with no readily determinable fair value 2,638 2,505
Restricted stock, at cost 5,086 7,160
Loans held for sale 2,959 2,318
Loans, before allowance for credit losses 3,369,830 3,404,417
Allowance for credit losses (40,966) (40,048)
Loans, net of allowance for credit losses 3,328,864 3,364,369
Bank owned life insurance 24,405 23,905
Bank premises and equipment, net 65,919 65,150
Bank premises held for sale 317 0
Foreclosed assets 376 852
Goodwill 59,820 59,820
Intangible assets, net 18,552 20,682
Mortgage servicing rights, at fair value 17,496 19,001
Investments in unconsolidated subsidiaries 1,614 1,614
Accrued interest receivable 24,160 24,534
Other assets 40,109 55,239
Total assets 4,990,728 5,073,170
Deposits:    
Noninterest-bearing 1,008,359 1,072,407
Interest-bearing 3,272,341 3,329,030
Total deposits 4,280,700 4,401,437
Securities sold under agreements to repurchase 29,029 42,442
FHLB advances 13,435 12,623
Subordinated notes 39,533 39,474
Junior subordinated debentures issued to capital trusts 52,834 52,789
Other liabilities 37,535 34,909
Total liabilities 4,453,066 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 296,810 295,877
Retained earnings 302,532 269,051
Accumulated other comprehensive income (loss) (38,989) (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 537,662 489,496
Total liabilities and stockholders’ equity $ 4,990,728 $ 5,073,170