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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 165,673 $ 114,055
Federal funds sold 474 711
Cash and cash equivalents 166,147 114,766
Investment securities available for sale, at fair value 1,378,907 1,207,574
Equity securities, at fair value 4,214 4,792
Loans 4,867,587 5,167,574
Allowance for credit losses on loans (100,886) (111,204)
Total loans, net 4,766,701 5,056,370
Loans held for sale 7,535 344,947
Premises and equipment, net 86,005 85,710
Other real estate owned 393 4,941
Nonmarketable equity securities 37,270 33,723
Accrued interest receivable 26,672 25,329
Loan servicing rights, at lower of cost or fair value 16,165 17,842
Goodwill 7,927 161,904
Other intangible assets, net 9,619 12,100
Company-owned life insurance 216,494 211,168
Credit enhancement asset 5,765 16,804
Other assets 181,701 208,839
Total assets 6,911,515 7,506,809
Deposits:    
Noninterest-bearing demand deposits 1,015,930 1,055,564
Interest-bearing deposits 4,588,895 5,141,679
Total deposits 5,604,825 6,197,243
Short-term borrowings 146,766 87,499
Federal Home Loan Bank advances and other borrowings 373,000 258,000
Subordinated debt 27,014 77,749
Trust preferred debentures 51,684 51,205
Accrued interest payable and other liabilities 124,225 124,266
Total liabilities 6,327,514 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 September 30, 2025 and December 31, 2024, respectively 110,548 110,548
Common stock, $0.01 par value; 40,000,000 shares authorized; 21,543,557 and 21,494,485 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively 215 215
Capital surplus 437,168 434,346
Retained earnings 99,036 247,698
Accumulated other comprehensive loss, net of tax (62,966) (81,960)
Total shareholders’ equity 584,001 710,847
Total liabilities and shareholders’ equity $ 6,911,515 $ 7,506,809