XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and Cash Equivalents $ 134,093 $ 128,562
Securities Available for Sale, at Fair Value 601,057 604,104
Loans, Net of Allowance for Credit Losses of $51,949 at June 30, 2024 (unaudited) and $50,494 at December 31, 2023 3,742,222 3,667,215
Federal Home Loan Bank (FHLB) Stock, at Cost 15,844 17,097
Premises and Equipment, Net 47,902 48,886
Accrued Interest 16,944 16,697
Goodwill 2,626 2,626
Other Intangible Assets, Net 171 188
Bank-Owned Life Insurance 35,090 34,477
Other Assets 91,086 92,138
Total Assets 4,687,035 4,611,990
Deposits:    
Noninterest Bearing 705,175 756,964
Interest Bearing 3,102,537 2,952,984
Total Deposits 3,807,712 3,709,948
Notes Payable 13,750 13,750
FHLB Advances 287,000 319,500
Subordinated Debentures, Net of Issuance Costs 79,479 79,288
Accrued Interest Payable 3,999 5,282
Other Liabilities 55,854 58,707
Total Liabilities 4,247,794 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 June 30, 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 27,348,049 at June 30, 2024 (unaudited) and 27,748,965 at December 31, 2023 273 277
Additional Paid-In Capital 93,205 96,320
Retained Earnings 294,569 280,650
Accumulated Other Comprehensive Loss (15,320) (18,246)
Total Shareholders' Equity 439,241 425,515
Total Liabilities and Equity $ 4,687,035 $ 4,611,990