XML 27 R3.htm IDEA: XBRL DOCUMENT v3.24.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 45,435 $ 53,368
Interest-bearing balances with other financial institutions 34,668 4,405
Federal funds sold 16,660 3,108
Total cash and cash equivalents 96,763 60,881
Investment securities:    
Held to maturity, at amortized cost 399,128 399,494
AFS, at fair value 223,555 237,878
Equity securities available for sale, at fair value 438 430
Loans held for sale, at fair value 3,855 2,475
Loans, net of unearned interest 4,252,792 3,514,119
Less: ACL - Loans (34,187) (18,957)
Net loans 4,218,605 3,495,162
Premises and equipment, net 36,909 34,471
Operating lease right of use asset 8,953 8,798
Finance lease right of use asset 2,727 2,907
Cash surrender value of life insurance 54,497 50,674
Restricted investment in bank stocks 16,768 8,315
Accrued interest receivable 25,820 18,405
Deferred income taxes 24,146 13,674
Goodwill 127,031 114,231
Core deposit and other intangibles, net 6,479 7,260
Foreclosed assets held for sale 293 43
Other assets 44,825 42,856
Total Assets 5,290,792 4,497,954
Deposits:    
Noninterest-bearing demand 801,312 793,939
Interest-bearing demand deposits 2,086,450 2,325,847
Time 1,458,450 658,545
Total Deposits 4,346,212 3,778,331
Short-term borrowings 241,532 102,647
Long-term debt 59,003 4,409
Subordinated debt and trust preferred securities 46,354 56,941
Operating lease liability 9,285 9,725
Accrued interest payable 14,257 2,303
Other liabilities 31,799 31,499
Total Liabilities 4,748,442 3,985,855
Shareholders' Equity:    
Common stock, par value $1.00 per share; 40,000,000 shares authorized; 16,998,929 issued at December 31, 2023 and 16,094,486 at December 31, 2022; 16,573,707 outstanding at December 31, 2023 and 15,886,143 at December 31, 2022 16,999 16,094
Additional paid-in capital 405,725 386,987
Retained earnings 145,982 133,114
Accumulated other comprehensive loss (16,637) (19,216)
Treasury Stock, at cost; 425,222 and 208,343 shares at December 31, 2023 and December 31, 2022 (9,719) (4,880)
Total Shareholders’ Equity 542,350 512,099
Total Liabilities and Shareholders' Equity $ 5,290,792 $ 4,497,954