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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Cash and cash equivalents    
Cash and due from banks $ 47,029 $ 33,524
Interest-bearing deposits in other banks 8,593 9,141
Federal funds sold 80,229 144,700
Total cash and cash equivalents 135,851 187,365
Investment securities:    
Available for sale: Amortized cost of $575,288 and $450,454, respectively, net of allowance for credit losses of $0 at December 31, 2024 and December 31, 2023 526,329 398,927
Held to maturity: Fair value of $65,152 and $71,698, respectively, net of allowance for credit losses of $0 at December 31, 2024 and December 31, 2023 78,184 84,851
Equity investments carried at fair value 2,430 98
Total investment securities 606,943 483,876
Loans 3,993,505 2,849,897
Less: allowance for credit losses 41,776 21,895
Net loans 3,951,729 2,828,002
Loans held for sale   250
Goodwill 75,986 63,370
Premises and equipment, net 73,283 61,276
Bank owned life insurance 87,429 49,397
Deferred tax assets 35,688 13,770
Accrued interest receivable 15,632 12,734
Intangible assets, net 34,197  
Other assets 74,919 42,249
Total assets 5,091,657 3,742,289
Deposits:    
Noninterest-bearing 935,516 644,683
Interest-bearing 3,472,036 2,634,354
Total deposits 4,407,552 3,279,037
Short-term borrowings 15,900 17,590
Long-term debt 98,637 25,000
Subordinated debt 33,000 33,000
Junior subordinated debt 8,039  
Accrued interest payable 5,503 5,765
Other liabilities 54,076 41,475
Total liabilities 4,622,707 3,401,867
Stockholders' equity:    
Common stock, par value $2.00, authorized 25,000,000 shares, issued and outstanding 9,990,724, shares at December 31, 2024 and 7,040,852 shares at December 31, 2023 19,995 14,093
Capital surplus 250,695 122,130
Retained earnings 238,955 248,550
Accumulated other comprehensive loss (40,695) (44,351)
Total stockholders' equity 468,950 340,422
Total liabilities and stockholders' equity $ 5,091,657 $ 3,742,289