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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from financial institutions $ 55,760 $ 60,406
Investments in time deposits 1,450 1,225
Securities available-for-sale 609,765 618,272
Equity securities 2,101 2,169
Loans held for sale 5,369 1,725
Loans, net of allowance for credit losses of $39,919 and $37,160 2,975,077 2,824,568
Other securities 37,615 29,998
Premises and equipment, net 52,142 56,769
Accrued interest receivable 14,543 12,819
Goodwill 125,520 125,520
Other intangible assets, net 8,707 9,508
Bank owned life insurance 63,367 61,335
Swap assets 14,545 12,481
Deferred taxes 20,614 18,357
Other assets 25,339 26,266
Total assets 4,011,914 3,861,418
Deposits    
Noninterest-bearing 691,203 771,699
Interest-bearing 2,286,413 2,213,329
Total deposits 2,977,616 2,985,028
Short-term Federal Home Loan Bank advances 500,500 338,000
Long-term Federal Home Loan Bank advances 1,841 2,392
Subordinated debentures 104,026 103,943
Other borrowings 7,156 9,859
Swap liabilities 14,545 12,481
Accrued expenses and other liabilities 32,422 37,713
Total liabilities 3,638,106 3,489,416
SHAREHOLDERS’ EQUITY    
Common shares, no par value, 40,000,000 shares authorized, 19,338,734 shares issued at June 30, 2024 and 19,288,674 shares issued at December 31, 2023, including Treasury shares 311,529 311,166
Retained earnings 192,186 183,788
Treasury shares, 3,601,512 common shares at June 30, 2024 and 3,593,250 common shares at December 31, 2023, at cost (75,574) (75,422)
Accumulated other comprehensive loss (54,333) (47,530)
Total shareholders’ equity 373,808 372,002
Total liabilities and shareholders’ equity $ 4,011,914 $ 3,861,418