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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 12,516 $ 11,882
Federal funds sold 2,968 2,581
Interest-bearing deposits with banks and other short-term investments 661,173 619,017
Investment securities available-for-sale (amortized cost of $1,330,077 and $1,408,935, respectively, and allowance for credit losses of $0 and $22, respectively) 1,214,237 1,267,404
Investment securities held-to-maturity, net of allowance for credit losses of $1,275 and $1,306, respectively (fair value of $820,530 and $820,382, respectively) 924,473 938,647
Federal Reserve and Federal Home Loan Bank stock 51,467 51,763
Loans held for sale 15,251 0
Loans held for investment, at amortized cost 7,943,306 7,934,888
Less: Allowance for credit losses (129,469) (114,390)
Loans held for investment, net of allowance 7,813,837 7,820,498
Premises and equipment, net 7,079 7,694
Right-of-use assets - operating leases 32,769 18,494
Deferred income taxes 84,798 91,472
Bank-owned life insurance 320,055 115,806
Goodwill and other intangible assets, net 11 16
Other real estate owned 2,459 2,743
Other assets 174,268 181,491
Total Assets 11,317,361 11,129,508
Deposits:    
Noninterest-bearing demand 1,607,826 1,544,403
Interest-bearing transaction 926,722 1,211,791
Savings and money market 3,558,919 3,599,221
Time deposits 3,183,801 2,775,663
Total deposits 9,277,268 9,131,078
Customer repurchase agreements 32,357 33,157
Other short-term borrowings 490,000 490,000
Long-term borrowings 76,181 76,108
Operating lease liabilities 38,484 23,815
Reserve for unfunded commitments 3,166 3,463
Other liabilities 155,014 145,826
Total Liabilities 10,072,470 9,903,447
Shareholders’ Equity    
Common stock, par value $0.01 per share; shares authorized 100,000,000, shares issued and outstanding 30,368,843 and 30,202,003, respectively 300 298
Additional paid-in capital 386,535 384,932
Retained earnings 978,995 982,304
Accumulated other comprehensive income (loss) (120,939) (141,473)
Total Shareholders’ Equity 1,244,891 1,226,061
Total Liabilities and Shareholders’ Equity $ 11,317,361 $ 11,129,508