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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 64,376 $ 51,026
Interest-bearing deposits with banks 222,744 197,848
Cash and cash equivalents 287,120 248,874
Restricted investments in bank stocks 19,693 20,232
Securities available for sale (amortized cost of $886,782 and $864,920 at March 31, 2025 and December 31, 2024, respectively) 855,456 829,711
Loans held for sale, at fair value 5,261 6,614
Loans 3,875,985 3,931,214
Less: Allowance for credit losses (47,804) (48,689)
Net loans 3,828,181 3,882,525
Premises and equipment, net 51,729 50,217
Cash surrender value of life insurance 144,798 143,854
Goodwill 68,106 68,106
Other intangible assets, net 45,230 47,765
Accrued interest receivable 19,893 21,058
Deferred tax assets, net 36,206 42,647
Other assets 79,913 79,986
Total assets 5,441,586 5,441,589
Deposits:    
Noninterest-bearing 932,152 894,176
Interest-bearing 3,701,564 3,728,920
Total deposits 4,633,716 4,623,096
Securities sold under agreements to repurchase and federal funds purchased 23,131 25,863
FHLB advances and other borrowings 100,349 115,364
Subordinated notes and trust preferred debt 68,850 68,680
Other liabilities 82,604 91,904
Total liabilities 4,908,650 4,924,907
Commitments and contingencies
Shareholders’ Equity    
Preferred stock, $1.25 par value per share; 500,000 shares authorized; no shares issued or outstanding 0 0
Common stock, no par value—$0.05205 stated value per share; 50,000,000 shares authorized; 19,721,340 shares issued and 19,509,642 outstanding at March 31, 2025; 19,722,640 shares issued and 19,389,967 outstanding at December 31, 2024 1,026 1,027
Additional paid - in capital 421,445 423,274
Retained earnings 139,547 126,540
Accumulated other comprehensive loss (24,024) (26,316)
Treasury stock—211,698 and 332,673 shares, at cost at March 31, 2025 and December 31, 2024, respectively (5,058) (7,843)
Total shareholders’ equity 532,936 516,682
Total liabilities and shareholders’ equity $ 5,441,586 $ 5,441,589