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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Cash and cash equivalents:    
Cash and due from banks $ 33,802 $ 34,266
Interest-earning deposits with other banks 54,329 37,896
Total cash and cash equivalents 88,131 72,162
Securities:    
Securities available for sale 513,961 521,018
Less: Allowance for credit losses on securities available for sale (1,204) (568)
Net securities 512,757 520,450
Federal Home Loan Bank stock 10,695 12,237
Loans held for sale 1,515 1,235
Total loans held for investment 3,124,240 3,147,096
Less: Allowance for credit losses (28,614) (28,744)
Net loans held for investment 3,095,626 3,118,352
Premises and equipment, net 51,659 51,237
Goodwill 119,477 119,477
Other intangible assets 3,705 3,938
Cash surrender value of bank-owned life insurance 82,471 81,858
Deferred tax assets, net 23,298 23,330
Other assets 73,892 79,051
Total assets 4,063,226 4,083,327
Deposits:    
Non-interest bearing demand 547,401 575,649
Interest-bearing demand 930,031 910,191
Savings 551,280 545,816
Money market 405,326 405,758
Time 862,773 830,274
Total deposits 3,296,811 3,267,688
Borrowings:    
Senior 199,982 249,981
Subordinated 40,620 40,620
Total borrowings 240,602 290,601
Other liabilities 58,502 66,610
Total liabilities 3,595,915 3,624,899
Shareholders' equity    
Capital stock, par value $2.00; authorized 20,000,000 shares; issued 16,384,353 shares and 16,428,388 shares; outstanding 15,317,222 shares and 15,279,783 shares at March 31, 2025 and December 31, 2024, respectively 32,769 32,857
Additional paid-in capital 194,776 194,607
Retained earnings 303,448 297,857
Accumulated other comprehensive loss (48,824) (51,536)
Less: 1,067,131 and 1,148,605 shares of treasury stock, at cost, at March 31, 2025 and December 31, 2024, respectively (14,858) (15,357)
Total shareholders' equity 467,311 458,428
Total liabilities and shareholders' equity $ 4,063,226 $ 4,083,327