XML 19 R2.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 28,896 $ 21,395
Federal funds sold and other 74,762 54,156
TOTAL CASH AND CASH EQUIVALENTS 103,658 75,551
Debt securities available for sale, at fair value (amortized cost $1,516,841 in 2023 and $1,534,512 in 2022) 1,299,701 1,268,025
Other investments 35,311 33,444
Loans held for sale, at fair value 3,711 858
Loans 3,198,127 2,404,750
Less allowance for credit losses 34,440 26,978
NET LOANS 3,163,687 2,377,772
Premises and equipment, net 44,364 30,764
Goodwill 167,446 94,640
Other intangibles, net 22,842 7,026
Bank owned life insurance 99,482 74,972
Affordable housing investments 17,893 13,559
Other assets 120,255 105,589
TOTAL ASSETS 5,078,350 4,082,200
Deposits:    
Noninterest-bearing 1,026,630 896,957
Interest-bearing 3,150,756 2,526,760
Brokered time deposits 0 138,051
TOTAL DEPOSITS 4,177,386 3,561,768
Short-term borrowings 355,000 95,000
Long-term borrowings 88,663 88,211
Other liabilities 52,886 44,926
TOTAL LIABILITIES 4,673,935 3,789,905
Commitments and contingent liabilities (Note 14)
Stockholders' equity    
Common Stock, no par value; 50,000,000 shares authorized; 39,321,709 and 35,128,962 shares issued and 37,502,773 and 34,055,125 shares outstanding, respectively 365,305 305,340
Retained earnings 236,757 212,375
Accumulated other comprehensive income (loss) (172,554) (210,490)
Treasury stock, at cost; 1,818,936 and 1,073,837 shares, respectively (25,093) (14,930)
TOTAL STOCKHOLDERS' EQUITY 404,415 292,295
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 5,078,350 $ 4,082,200