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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 52,671 $ 37,002
Interest-bearing balances with other financial institutions 22,828 14,490
Federal funds sold 261,353 19,072
Total cash and cash equivalents 336,852 70,564
Investment securities:    
HTM, at amortized cost (fair value $331,798 and $340,648, respectively) 364,029 382,447
AFS, at fair value (amortized cost $421,289 and $284,770, respectively) 404,745 260,477
Equity securities, at fair value 437 428
Loans held for sale, at fair value 6,101 7,064
Loans, net of unearned income 4,832,898 4,443,070
Less: ACL - Loans (37,615) (35,514)
Net loans 4,795,283 4,407,556
Premises and equipment, net 47,732 38,806
Operating lease right of use asset 15,026 7,699
Finance lease right of use asset 2,458 2,548
Cash surrender value of life insurance 94,770 51,521
Restricted investment in bank stocks 7,110 7,461
Accrued interest receivable 28,546 26,846
Deferred income taxes 35,333 22,747
Goodwill 135,473 128,160
Core deposit and other intangibles, net 16,531 6,242
Foreclosed assets held for sale 9,816 44
Other assets 54,301 50,326
Total Assets 6,354,543 5,470,936
Deposits:    
Noninterest-bearing demand 857,072 759,169
Interest-bearing transaction accounts 2,772,739 2,319,753
Time 1,819,853 1,611,005
Total Deposits 5,449,664 4,689,927
Short-term borrowings 0 2,000
Long-term debt 23,374 23,603
Subordinated debt 37,303 45,741
Operating lease liability 15,342 8,092
Accrued interest payable 13,421 13,484
Other liabilities 39,731 33,071
Total Liabilities 5,578,835 4,815,918
Shareholders' Equity:    
Common stock, par value $1.00 per share; 40,000,000 shares authorized at June 30, 2025 and December 31, 2024; 23,418,728 issued at June 30, 2025 and 19,796,519 at December 31, 2024; 22,915,194 outstanding at June 30, 2025 and 19,355,797 at December 31, 2024 23,419 19,797
Additional paid-in capital 584,291 480,491
Retained earnings 191,574 181,597
Accumulated other comprehensive loss (11,756) (16,825)
Treasury stock, at cost; 503,534 shares at June 30, 2025 and December 31, 2024 (11,820) (10,042)
Total Shareholders’ Equity 775,708 655,018
Total Liabilities and Shareholders' Equity $ 6,354,543 $ 5,470,936