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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Cash and cash equivalents    
Cash and due from banks $ 97,090 $ 33,524
Interest-bearing deposits in other banks 10,286 9,141
Federal funds sold 178,093 144,700
Total cash and cash equivalents 285,469 187,365
Investment securities:    
Available for sale: Amortized cost of 601,270 and $450,454, respectively, net of allowance for credit losses of $0 at September 30, 2024 and December 31, 2023 562,486 398,927
Held to maturity: Fair value of $69,034 and $71,698, respectively, net of allowance for credit losses of $0 at September 30, 2024 and December 31, 2023 79,861 84,851
Equity investments carried at fair value 3,921 98
Total investment securities 646,268 483,876
Loans 4,069,683 2,849,897
Less: allowance for credit losses 39,341 21,895
Net loans 4,030,342 2,828,002
Loans held for sale 803 250
Goodwill 76,958 63,370
Premises and equipment, net 75,877 61,276
Bank owned life insurance 87,401 49,397
Deferred tax assets 33,078 13,770
Accrued interest receivable 17,979 12,734
Intangible assets, net 35,907  
Other assets 70,056 42,249
Total assets 5,360,138 3,742,289
Deposits:    
Noninterest-bearing 717,565 644,683
Interest-bearing 3,920,299 2,634,354
Total deposits 4,637,864 3,279,037
Short-term borrowings 37,346 17,590
Long-term debt 111,489 25,000
Subordinated debt 33,000 33,000
Junior subordinated debt 8,015  
Accrued interest payable 6,829 5,765
Other liabilities 50,544 41,475
Total liabilities 4,885,087 3,401,867
Stockholders' equity:    
Common stock, par value $2.00, authorized 25,000,000 shares, issued and outstanding 9,994,648, shares at September 30, 2024 and 7,040,852 shares at December 31, 2023 19,993 14,093
Capital surplus 250,578 122,130
Retained earnings 239,021 248,550
Accumulated other comprehensive loss (34,541) (44,351)
Total stockholders' equity 475,051 340,422
Total liabilities and stockholders' equity $ 5,360,138 $ 3,742,289