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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 70,908 $ 73,721
Interest-bearing deposits in banks 48,336 4,881
Total cash & cash equivalents 119,244 78,602
Available-for-sale, net of zero allowance for credit losses 741,789 1,019,201
Held-to-maturity, net of allowance for credit losses of $16 and $16 316,406 320,057
Total investment securities 1,058,195 1,339,258
Loans:    
Gross loans 2,156,864 2,090,075
Deferred loan costs, net 214 309
Allowance for credit losses on loans (23,140) (23,500)
Net loans 2,133,938 2,066,884
Premises and equipment, net 16,067 16,907
Goodwill 27,357 27,357
Other intangible assets, net 1,180 1,399
Bank-owned life insurance 52,977 51,572
Other assets 144,114 147,820
Total assets 3,553,072 3,729,799
Deposits:    
Noninterest-bearing 968,996 1,020,772
Interest-bearing 1,878,008 1,740,451
Total deposits 2,847,004 2,761,223
Repurchase agreements 121,851 107,121
Other borrowings 80,000 360,500
Long-term debt 49,326 49,304
Subordinated debentures 35,704 35,660
Allowance for credit losses on unfunded loan commitments 540 510
Other liabilities 73,553 77,384
Total liabilities 3,207,978 3,391,702
Commitments and contingent liabilities (Note 7)
Shareholders' equity    
Common stock, no par value; 24,000,000 shares authorized; 14,645,298 and 15,170,372 shares issued and outstanding at March 31, 2024, and December 31, 2023, respectively 109,295 110,446
Additional paid-in capital 4,815 4,581
Retained earnings 262,906 259,050
Accumulated other comprehensive loss, net (31,922) (35,980)
Total shareholders' equity 345,094 338,097
Total liabilities and shareholders' equity $ 3,553,072 $ 3,729,799