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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 25,005 $ 29,552
Interest-bearing deposits with banks 186,586 108,140
Cash and cash equivalents 211,591 137,692
Debt securities available-for-sale, at fair value 706,135 698,049
Debt securities held-to-maturity (fair value of $445,762 at 2025 and $445,186 at 2024) 490,398 499,858
Equity securities with readily determinable fair value 3,323 3,315
Equity securities with no readily determinable fair value 2,629 2,629
Restricted stock, at cost 5,086 5,086
Loans held for sale 2,721 1,586
Loans, before allowance for credit losses 3,461,778 3,466,146
Allowance for credit losses (42,111) (42,044)
Loans, net of allowance for credit losses 3,419,667 3,424,102
Bank owned life insurance 24,153 23,989
Bank premises and equipment, net 67,272 66,758
Bank premises held for sale 190 317
Foreclosed assets 460 367
Goodwill 59,820 59,820
Intangible assets, net 17,148 17,843
Mortgage servicing rights, at fair value 18,519 18,827
Investments in unconsolidated subsidiaries 1,614 1,614
Accrued interest receivable 22,735 24,770
Other assets 38,731 46,280
Total assets 5,092,192 5,032,902
Deposits:    
Noninterest-bearing 1,065,874 1,046,405
Interest-bearing 3,318,716 3,271,849
Total deposits 4,384,590 4,318,254
Securities sold under agreements to repurchase 2,698 28,969
Federal Home Loan Bank advances 7,209 13,231
Subordinated notes 39,573 39,553
Junior subordinated debentures issued to capital trusts 52,864 52,849
Other liabilities 40,201 35,441
Total liabilities 4,527,135 4,488,297
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 32,899,104 at 2025 and 32,827,039 at 2024; shares outstanding of 31,631,431 at 2025 and 31,559,366 at 2024 329 328
Surplus 297,024 297,297
Retained earnings 329,169 316,764
Accumulated other comprehensive income (loss) (38,446) (46,765)
Treasury stock at cost, 1,267,673 shares at 2025 and 1,267,673 at 2024 (23,019) (23,019)
Total stockholders’ equity 565,057 544,605
Total liabilities and stockholders’ equity $ 5,092,192 $ 5,032,902