v3.25.3
CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Cash and cash equivalents:    
Cash and due from banks $ 753,629 $ 563,778
Federal funds sold 554 430
Cash and cash equivalents 754,183 564,208
Interest-earning time deposits with banks 250 250
Investment securities:    
Available for sale, at fair value (cost of $372,873 and $284,321, respectively) 374,335 281,097
Held to maturity, at cost and net of allowance for credit losses of $150 (estimated fair value of $264,566 and $251,458, respectively) 322,413 321,622
Investment securities 696,748 602,719
Federal Home Loan Bank stock, at cost 10,079 9,706
Loans, net of unearned income 2,279,741 2,693,780
Less: allowance for credit losses 85,713 34,811
Net loans 2,194,028 2,658,969
Premises and equipment, net 59,979 67,789
Goodwill 0 12,900
Intangible assets, net 2,847 3,474
Other real estate, net 12,050 319
Accrued interest receivable 14,776 14,850
Other assets 52,396 37,544
Total Assets 3,797,336 3,972,728
Deposits:    
Noninterest-bearing demand 396,906 404,056
Interest-bearing demand 1,390,219 1,387,068
Savings 215,077 234,444
Time 1,352,695 1,450,692
Total deposits 3,354,897 3,476,260
Repurchase agreements 7,117 7,009
Accrued interest payable 16,333 20,437
Long-term advances from Federal Home Loan Bank 135,000 135,000
Senior long-term debt 14,196 15,169
Junior subordinated debentures 29,790 44,745
Other liabilities 18,928 19,059
Total Liabilities 3,576,261 3,717,679
Preferred stock, Series A - $1,000 par value - 100,000 shares authorized    
Non-cumulative perpetual; 34,500 shares issued and outstanding 33,058 33,058
Common stock, $1 par value - 100,600,000 shares authorized; 15,352,947 and 12,504,717 shares issued and outstanding 15,353 12,505
Surplus 168,682 149,389
Retained earnings 12,342 72,965
Accumulated other comprehensive (loss) income (8,360) (12,868)
Total Shareholders' Equity 221,075 255,049
Total Liabilities and Shareholders' Equity $ 3,797,336 $ 3,972,728