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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from financial institutions $ 74,662 $ 60,406
Investments in time deposits 1,450 1,225
Securities available-for-sale 626,788 618,272
Equity securities 2,325 2,169
Loans held for sale 8,299 1,725
Loans, net of allowance for credit losses of $41,268 and $37,160 3,002,678 2,824,568
Other securities 32,633 29,998
Premises and equipment, net 49,967 56,769
Accrued interest receivable 13,614 12,819
Goodwill 125,520 125,520
Other intangible assets, net 8,309 9,508
Bank owned life insurance 62,912 61,335
Swap assets 8,196 12,481
Deferred taxes 17,659 18,357
Other assets 26,411 26,266
Total assets 4,061,423 3,861,418
Deposits    
Noninterest-bearing 686,316 771,699
Interest-bearing 2,537,416 2,213,329
Total deposits 3,223,732 2,985,028
Short-term Federal Home Loan Bank advances 287,047 338,000
Long-term Federal Home Loan Bank advances 1,598 2,392
Subordinated debentures 104,067 103,943
Other borrowings 6,319 9,859
Swap liabilities 8,196 12,481
Accrued expenses and other liabilities 36,026 37,713
Total liabilities 3,666,985 3,489,416
SHAREHOLDERS’ EQUITY    
Common shares, no par value, 40,000,000 shares authorized, 19,338,734 shares issued at September 30, 2024 and 19,288,674 shares issued at December 31, 2023, including Treasury shares 311,901 311,166
Retained earnings 198,034 183,788
Treasury shares, 3,602,206 common shares at September 30, 2024 and 3,593,250 common shares at December 31, 2023, at cost (75,586) (75,422)
Accumulated other comprehensive loss (39,911) (47,530)
Total shareholders’ equity 394,438 372,002
Total liabilities and shareholders’ equity $ 4,061,423 $ 3,861,418