XML 14 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Cash and cash equivalents:    
Cash and due from banks $ 30,770 $ 42,221
Interest-earning deposits with other banks 45,449 52,621
Total cash and cash equivalents 76,219 94,842
Securities:    
Securities available for sale 527,603 534,574
Federal Home Loan Bank stock 9,960 12,788
Total securities 537,563 547,362
Loans held for sale 3,137 2,189
Total loans 3,011,672 2,999,049
Less: Allowance for credit losses (28,355) (28,142)
Net loans 2,983,317 2,970,907
Premises and equipment, net 47,849 48,287
Goodwill 119,477 119,477
Other intangible assets 4,637 4,869
Cash surrender value of bank-owned life insurance 80,642 80,037
Deferred tax assets, net 23,849 22,979
Other assets 82,285 79,936
Total assets 3,958,975 3,970,885
Deposits:    
Demand 544,495 569,714
Interest-bearing demand deposits 888,591 946,978
Savings 551,493 553,963
Money market 365,289 370,242
Time 777,208 700,260
Total deposits 3,127,076 3,141,157
Borrowings:    
Senior 269,437 271,044
Subordinated 60,501 60,461
Total borrowings 329,938 331,505
Other liabilities 66,247 66,164
Total liabilities 3,523,261 3,538,826
Shareholders' equity    
Capital stock, par value $2.00; authorized 20,000,000 shares; issued 16,428,388 shares; outstanding 15,211,877 shares and 15,172,131 shares at March 31, 2024 and December 31, 2023, respectively 32,857 32,857
Additional paid-in capital 193,246 193,114
Retained earnings 277,991 272,101
Accumulated other comprehensive loss (52,568) (49,862)
Less: 1,216,511 and 1,256,257 shares of treasury stock, at cost, at March 31, 2024 and December 31, 2023, respectively (15,812) (16,151)
Total shareholders' equity 435,714 432,059
Total liabilities and shareholders' equity $ 3,958,975 $ 3,970,885