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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Cash and cash equivalents:    
Cash and due from banks $ 25,289 $ 28,020
Federal funds sold 226,110 119,349
Interest-bearing deposits with banks 9,176 8,801
Total cash and cash equivalents 260,575 156,170
Investment securities:    
Investment securities available for sale 134,597 134,702
Other investments 19,640 19,939
Total investment securities 154,237 154,641
Mortgage loans held for sale 8,602 7,194
Loans 3,619,556 3,602,627
Less allowance for credit losses (40,166) (40,682)
Loans, net 3,579,390 3,561,945
Bank owned life insurance 53,663 52,501
Property and equipment, net 90,158 94,301
Deferred income taxes, net 11,595 12,200
Other assets 16,411 16,837
Total assets 4,174,631 4,055,789
LIABILITIES    
Deposits 3,518,825 3,379,564
FHLB advances and related debt 240,000 275,000
Subordinated debentures 24,903 36,322
Other liabilities 64,365 52,436
Total liabilities 3,848,093 3,743,322
SHAREHOLDERS’ EQUITY    
Preferred stock, par value $.01 per share, 10,000,000 shares authorized
Common stock, par value $.01 per share, 20,000,000 shares authorized, 8,156,097 shares issued and outstanding at September 30, 2024; 10,000,000 shares authorized, 8,088,186 shares issued and outstanding at December 31, 2023. 82 81
Nonvested restricted stock (4,219) (3,596)
Additional paid-in capital 124,288 121,777
Accumulated other comprehensive loss (9,063) (11,342)
Retained earnings 215,450 205,547
Total shareholders’ equity 326,538 312,467
Total liabilities and shareholders’ equity $ 4,174,631 $ 4,055,789