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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Cash and cash equivalents:    
Cash and due from banks $ 39,673 $ 42,221
Interest-earning deposits with other banks 62,163 52,621
Total cash and cash equivalents 101,836 94,842
Securities:    
Securities available for sale 512,928 534,574
Federal Home Loan Bank stock 14,755 12,788
Total securities 527,683 547,362
Loans held for sale 3,897 2,189
Total loans 3,064,181 2,999,049
Less: Allowance for credit losses (28,855) (28,142)
Net loans 3,035,326 2,970,907
Premises and equipment, net 51,628 48,287
Goodwill 119,477 119,477
Other intangible assets 4,404 4,869
Cash surrender value of bank-owned life insurance 81,221 80,037
Deferred tax assets, net 24,750 22,979
Other assets 83,978 79,936
Total assets 4,034,200 3,970,885
Deposits:    
Non-interest bearing demand 553,067 569,714
Interest-bearing demand deposits 882,068 946,978
Savings 544,980 553,963
Money market 359,208 370,242
Time 801,143 700,260
Total deposits 3,140,466 3,141,157
Borrowings:    
Senior 329,349 271,044
Subordinated 60,541 60,461
Total borrowings 389,890 331,505
Other liabilities 64,937 66,164
Total liabilities 3,595,293 3,538,826
Shareholders' equity    
Capital stock, par value $2.00; authorized 20,000,000 shares; issued 16,428,388 shares; outstanding 15,232,425 shares and 15,172,131 shares at June 30, 2024 and December 31, 2023, respectively 32,857 32,857
Additional paid-in capital 193,486 193,114
Retained earnings 283,729 272,101
Accumulated other comprehensive loss (55,487) (49,862)
Less: 1,195,963 and 1,256,257 shares of treasury stock, at cost, at June 30, 2024 and December 31, 2023, respectively (15,678) (16,151)
Total shareholders' equity 438,907 432,059
Total liabilities and shareholders' equity $ 4,034,200 $ 3,970,885