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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Cash and cash equivalents:    
Cash and due from banks $ 42,221 $ 39,933
Interest-earning deposits with other banks 52,621 52,362
Total cash and cash equivalents 94,842 92,295
Securities:    
Securities available for sale 534,574 559,516
Federal Home Loan Bank stock 12,788 14,893
Total securities 547,362 574,409
Loans held for sale 2,189 0
Total loans 2,999,049 2,902,690
Less: Allowance for credit losses (28,142) (25,860)
Net loans 2,970,907 2,876,830
Premises and equipment, net 48,287 47,622
Goodwill 119,477 119,477
Other intangible assets 4,869 5,801
Cash surrender value of bank-owned life insurance 80,037 81,197
Deferred tax assets, net 22,979 24,443
Other assets 79,936 87,729
Total assets 3,970,885 3,909,803
Deposits:    
Demand 569,714 676,350
NOW 946,978 900,730
Savings 553,963 664,514
Money market 370,242 478,398
Time 700,260 323,439
Total deposits 3,141,157 3,043,431
Borrowings:    
Senior 271,044 333,957
Subordinated 60,461 60,289
Total borrowings 331,505 394,246
Other liabilities 66,164 78,676
Total liabilities 3,538,826 3,516,353
Shareholders' equity    
Capital stock, par value $2.00; authorized 20,000,000 shares; issued 16,428,388 shares; outstanding 15,172,131 shares and 15,082,688 shares at December 31, 2023 and December 31, 2022 respectively 32,857 32,857
Additional paid-in capital 193,114 191,922
Retained earnings 272,101 243,815
Accumulated other comprehensive loss (49,862) (58,340)
Less: 1,256,257 and 1,345,700 shares of treasury stock, at cost, at December 31, 2023 and December 31, 2022, respectively (16,151) (16,804)
Total shareholders' equity 432,059 393,450
Total liabilities and shareholders' equity $ 3,970,885 $ 3,909,803