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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 36,948 $ 45,435
Interest-bearing balances with other financial institutions 25,585 34,668
Federal funds sold 43,193 16,660
Total cash and cash equivalents 105,726 96,763
Investment securities:    
HTM, at amortized cost (fair value $347,275 and $357,521) 393,320 399,128
AFS, at fair value 207,936 223,555
Equity securities available for sale, at fair value 427 438
Loans held for sale, at fair value 8,420 3,855
Loans, net of unearned interest 4,364,561 4,252,792
Less: ACL - Loans (35,288) (34,187)
Net loans 4,329,273 4,218,605
Premises and equipment, net 34,344 36,909
Operating lease right of use asset 7,925 8,953
Finance lease right of use asset 2,638 2,727
Cash surrender value of life insurance 53,298 54,497
Restricted investment in bank stocks 13,930 16,768
Accrued interest receivable 27,381 25,820
Deferred income taxes 24,520 24,146
Goodwill 127,031 127,031
Core deposit and other intangibles, net 5,626 6,479
Foreclosed assets held for sale 441 293
Other assets 49,513 44,825
Total Assets 5,391,749 5,290,792
Deposits:    
Noninterest-bearing demand 766,014 801,312
Interest-bearing transaction accounts 2,194,948 2,086,450
Time 1,536,049 1,458,450
Total Deposits 4,497,011 4,346,212
Short-term borrowings 200,000 241,532
Long-term debt 23,827 59,003
Subordinated debt 46,047 46,354
Operating lease liability 8,344 9,285
Accrued interest payable 18,139 14,257
Other liabilities 38,695 31,799
Total Liabilities 4,832,063 4,748,442
Shareholders' Equity:    
Common stock, par value $1.00 per share; 40,000,000 shares authorized at June 30, 2024 and December 31, 2023; 17,051,236 issued at June 30, 2024 and 16,998,929 at December 31, 2023; 16,580,595 outstanding at June 30, 2024 and 16,573,707 at December 31, 2023 17,051 16,999
Additional paid-in capital 406,544 405,725
Retained earnings 163,256 145,982
Accumulated other comprehensive loss (17,123) (16,637)
Treasury stock, at cost; 440,722 shares at June 30, 2024 and 425,222 shares at December 31, 2023 (10,042) (9,719)
Total Shareholders’ Equity 559,686 542,350
Total Liabilities and Shareholders' Equity $ 5,391,749 $ 5,290,792