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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and due from financial institutions $ 62,766 $ 63,155
Investments in time deposits 735 1,450
Securities available-for-sale 654,616 648,067
Equity securities 2,573 2,421
Loans held for sale 8,012 665
Loans, net of allowance for credit losses of $40,254 and $39,669 3,055,740 3,041,561
Other securities 27,901 30,352
Premises and equipment, net 40,910 47,166
Accrued interest receivable 14,070 13,453
Goodwill 125,520 125,520
Other intangible assets, net 6,756 7,883
Bank owned life insurance 62,756 62,783
Swap assets 3,684 5,308
Deferred taxes 19,503 21,681
Other assets 27,792 27,004
Total assets 4,113,334 4,098,469
Deposits    
Noninterest-bearing 651,934 695,094
Interest-bearing 2,578,529 2,516,776
Total deposits 3,230,463 3,211,870
Short-term Federal Home Loan Bank advances 232,000 339,000
Long-term Federal Home Loan Bank advances 970 1,501
Subordinated debentures 104,213 104,089
Other borrowings 4,699 6,293
Swap liabilities 6,222 11,638
Accrued expenses and other liabilities 35,739 35,576
Total liabilities 3,614,306 3,709,967
SHAREHOLDERS’ EQUITY    
Common shares, no par value, 40,000,000 shares authorized, 23,173,796 shares issued at September 30, 2025 and 19,340,021 shares issued at December 31, 2024, including Treasury shares 388,458 312,037
Retained earnings 230,798 205,408
Treasury shares, 3,861,070 common shares at September 30, 2025 and 3,852,354 common shares at December 31, 2024, at cost (75,760) (75,586)
Accumulated other comprehensive loss (44,468) (53,357)
Total shareholders’ equity 499,028 388,502
Total liabilities and shareholders’ equity $ 4,113,334 $ 4,098,469