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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 11,882 $ 9,047
Federal funds sold 2,581 3,740
Interest-bearing deposits with banks and other short-term investments 619,017 709,897
Investment securities available-for-sale (amortized cost of $1,408,935 and $1,668,316, respectively, and allowance for credit losses of $22 and $17, respectively) 1,267,404 1,506,388
Investment securities held-to-maturity, net of allowance for credit losses of $1,306 and $1,956, respectively (fair value of $820,382 and $901,582, respectively) 938,647 1,015,737
Federal Reserve and Federal Home Loan Bank stock 51,763 25,748
Loans held for investment, at amortized cost 7,934,888 7,968,695
Less allowance for credit losses (114,390) (85,940)
Loans held for investment, net of allowance 7,820,498 7,882,755
Premises and equipment, net 7,694 10,189
Right-of-use assets - operating leases 18,494 19,129
Deferred income taxes 91,472 86,620
Bank-owned life insurance 115,806 112,921
Goodwill and other intangible assets, net 16 104,925
Other real estate owned 2,743 1,108
Other assets 181,491 176,334
Total Assets 11,129,508 11,664,538
Deposits:    
Noninterest-bearing demand 1,544,403 2,279,081
Interest-bearing transaction 1,211,791 997,448
Savings and money market 3,599,221 3,314,043
Time deposits 2,775,663 2,217,467
Total deposits 9,131,078 8,808,039
Customer repurchase agreements 33,157 30,587
Other short-term borrowings 490,000 1,369,918
Long-term borrowings 76,108 0
Operating lease liabilities 23,815 23,238
Reserve for unfunded commitments 3,463 5,590
Other liabilities 145,826 152,883
Total Liabilities 9,903,447 10,390,255
Shareholders’ Equity    
Common stock, par value $0.01 per share; shares authorized 100,000,000, shares issued and outstanding 30,202,003 and 29,925,612, respectively 298 296
Additional paid-in capital 384,932 374,888
Retained earnings 982,304 1,061,456
Accumulated other comprehensive income (loss) (141,473) (162,357)
Total Shareholders’ Equity 1,226,061 1,274,283
Total Liabilities and Shareholders’ Equity $ 11,129,508 $ 11,664,538