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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and Cash Equivalents $ 143,355 $ 128,562
Securities Available for Sale, at Fair Value 633,282 604,104
Loans, Net of Allowance for Credit Losses of $51,347 at March 31, 2024 (unaudited) and $50,494 at December 31, 2023 3,726,502 3,667,215
Federal Home Loan Bank (FHLB) Stock, at Cost 17,195 17,097
Premises and Equipment, Net 48,299 48,886
Accrued Interest 16,696 16,697
Goodwill 2,626 2,626
Other Intangible Assets, Net 180 188
Bank-Owned Life Insurance 34,778 34,477
Other Assets 100,196 92,138
Total Assets 4,723,109 4,611,990
Deposits:    
Noninterest Bearing 698,432 756,964
Interest Bearing 3,108,793 2,952,984
Total Deposits 3,807,225 3,709,948
Notes Payable 13,750 13,750
FHLB Advances 317,000 319,500
Subordinated Debentures, Net of Issuance Costs 79,383 79,288
Accrued Interest Payable 4,405 5,282
Other Liabilities 67,735 58,707
Total Liabilities 4,289,498 4,186,475
SHAREHOLDERS' EQUITY    
Preferred Stock- $0.01 par value; Authorized 10,000,000 Preferred Stock - Issued and Outstanding 27,600 Series A shares ($2,500 liquidation preference) at March 31, 2024 (unaudited) and December 31, 2023 66,514 66,514
Common Stock- $0.01 par value; Authorized 75,000,000 Common Stock - Issued and Outstanding 27,589,827 at March 31, 2024 (unaudited) and 27,748,965 at December 31, 2023 276 277
Additional Paid-In Capital 95,069 96,320
Retained Earnings 287,468 280,650
Accumulated Other Comprehensive Loss (15,716) (18,246)
Total Shareholders' Equity 433,611 425,515
Total Liabilities and Equity $ 4,723,109 $ 4,611,990