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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 545,772 $ 129,893
Trading 4,553 0
Available-for-sale, at fair value (amortized cost of $573,733 and $584,754, respectively) 472,272 486,736
Held-to-maturity, at amortized cost (fair value of $249,807 and $258,617, respectively, with an allowance for credit losses on investments of $207 and $213, respectively) 291,932 299,515
Loans held for sale 10,625 11,497
Loans 2,799,475 2,759,583
Allowance for credit losses on loans (36,584) (35,843)
Net loans 2,762,891 2,723,740
Land, premises and equipment, net 18,162 17,940
Operating lease right-of-use assets 5,112 5,436
Accrued interest receivable 16,149 15,700
Bank-owned life insurance 33,396 33,236
Goodwill 46,783 46,783
Other intangible assets, net 15,834 17,158
Servicing rights 1,983 2,052
Deferred income taxes, net 34,796 34,595
Other assets 77,833 83,432
Total assets 4,338,093 3,907,713
Deposits    
Noninterest-bearing 692,500 728,082
Interest-bearing 2,592,469 2,367,529
Total deposits 3,284,969 3,095,611
Short-term borrowings 555,000 314,170
Long-term debt 58,985 58,956
Operating lease liabilities 5,420 5,751
Accrued expenses and other liabilities 62,084 64,098
Total liabilities 3,966,458 3,538,586
Commitments and contingencies (Note 11)
Stockholders' equity    
Preferred stock, $1 par value, 2,000,000 shares authorized: 0 issued and outstanding
Common stock, $1 par value, 30,000,000 shares authorized: 19,776,786 and 19,734,077 issued and outstanding 19,777 19,734
Additional paid-in capital 150,740 150,343
Retained earnings 275,374 272,705
Accumulated other comprehensive income (loss) (74,256) (73,655)
Total stockholders' equity 371,635 369,127
Total liabilities and stockholders' equity $ 4,338,093 $ 3,907,713