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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 175,897 $ 114,055
Federal funds sold 690 711
Cash and cash equivalents 176,587 114,766
Investment securities available for sale, at fair value 1,350,357 1,207,574
Equity securities, at fair value 4,295 4,792
Loans 5,035,295 5,167,574
Allowance for credit losses on loans (92,690) (111,204)
Total loans, net 4,942,605 5,056,370
Loans held for sale 37,299 344,947
Premises and equipment, net 86,240 85,710
Other real estate owned 393 4,941
Nonmarketable equity securities 37,692 33,723
Accrued interest receivable 25,053 25,329
Loan servicing rights, at lower of cost or fair value 16,720 17,842
Goodwill 7,927 161,904
Other intangible assets, net 10,362 12,100
Company-owned life insurance 214,392 211,168
Credit enhancement asset 5,800 16,804
Other assets 192,156 208,839
Total assets 7,107,878 7,506,809
Deposits:    
Noninterest-bearing demand deposits 1,074,212 1,055,564
Interest-bearing deposits 4,872,707 5,141,679
Total deposits 5,946,919 6,197,243
Short-term borrowings 8,654 87,499
Federal Home Loan Bank advances and other borrowings 345,000 258,000
Subordinated debt 77,759 77,749
Trust preferred debentures 51,518 51,205
Accrued interest payable and other liabilities 104,323 124,266
Total liabilities 6,534,173 6,795,962
Shareholders’ Equity:    
Preferred stock, $2.00 par value; 4,000,000 shares authorized; 115,000 Series A shares, $1,000 per share liquidation preference, issued and outstanding at June 30, 2025 and December 31, 2024, respectively 110,548 110,548
Common stock, $0.01 par value; 40,000,000 shares authorized; 21,515,138 and 21,494,485 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 215 215
Capital surplus 436,205 434,346
Retained earnings 100,725 247,698
Accumulated other comprehensive loss, net of tax (73,988) (81,960)
Total shareholders’ equity 573,705 710,847
Total liabilities and shareholders’ equity $ 7,107,878 $ 7,506,809