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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and due from financial institutions $ 90,456 $ 63,155
Investments in time deposits 960 1,450
Securities available-for-sale 646,145 648,067
Equity securities 2,392 2,421
Loans held for sale 4,324 665
Loans, net of allowance for credit losses of $40,284 and $39,669 3,063,752 3,041,561
Other securities 32,592 30,352
Premises and equipment, net 45,107 47,166
Accrued interest receivable 14,041 13,453
Goodwill 125,520 125,520
Other intangible assets, net 7,506 7,883
Bank owned life insurance 63,170 62,783
Swap assets 2,845 5,308
Deferred taxes 21,889 21,681
Other assets 26,018 27,004
Total assets 4,146,717 4,098,469
Deposits    
Noninterest-bearing 648,683 695,094
Interest-bearing 2,590,205 2,516,776
Total deposits 3,238,888 3,211,870
Short-term Federal Home Loan Bank advances 360,000 339,000
Long-term Federal Home Loan Bank advances 1,355 1,501
Subordinated debentures 104,130 104,089
Other borrowings 6,140 6,293
Swap liabilities 8,915 11,638
Accrued expenses and other liabilities 29,855 35,576
Total liabilities 3,749,283 3,709,967
SHAREHOLDERS’ EQUITY    
Common shares, no par value, 40,000,000 shares authorized, 19,379,608 shares issued at March 31, 2025 and 19,340,021 shares issued at December 31, 2024, including Treasury shares 312,192 312,037
Retained earnings 212,944 205,408
Treasury shares, 3,860,536 common shares at March 31, 2025 and 3,852,354 common shares at December 31, 2024, at cost (75,753) (75,586)
Accumulated other comprehensive loss (51,949) (53,357)
Total shareholders’ equity 397,434 388,502
Total liabilities and shareholders’ equity $ 4,146,717 $ 4,098,469