v3.25.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets [Abstract]    
Cash and due from banks $ 70,320 $ 56,991
Interest-earning deposits 315,140 336,019
Total cash and cash equivalents 385,460 393,010
Securities available for sale 787,583 730,352
Federal Home Loan Bank stock 21,513 21,513
Mortgage loans held for sale 15,192 15,824
Loans 4,636,549 4,600,781
Allowance for credit losses (56,666) (54,454)
Loans, net 4,579,883 4,546,327
Premises and equipment, net 53,693 53,427
Bank owned life insurance 94,417 93,839
Goodwill 49,473 49,473
Other Assets 153,986 148,396
Total assets 6,141,200 6,052,161
LIABILITIES AND SHAREHOLDERS' EQUITY    
Noninterest-bearing 1,173,499 1,264,523
Interest-bearing 3,508,286 3,433,843
Total deposits 4,681,785 4,698,366
Securities sold under agreements to repurchase 242,102 121,521
Federal Home Loan Bank advances 366,221 387,083
Subordinated debentures 50,501 50,330
Subordinated notes 89,400 89,314
Accrued interest and other liabilities 102,845 121,021
Total liabilities 5,532,854 5,467,635
Commitments and contingent liabilities (Note 9)
Shareholders' equity    
Preferred stock, no par value; 1,000,000 shares authorized; none issued 0 0
Common stock, no par value; 40,000,000 shares authorized; 16,235,660 shares issued and outstanding at March 31, 2025 and 16,146,374 shares issued and outstanding at December 31, 2024 300,732 299,705
Retained earnings 348,281 334,646
Accumulated other comprehensive gain (loss) (40,667) (49,825)
Total shareholders’ equity 608,346 584,526
Total liabilities and shareholders’ equity $ 6,141,200 $ 6,052,161