v3.25.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Cash and cash equivalents:    
Cash and due from banks $ 24,904 $ 22,553
Federal funds sold 263,612 128,452
Interest-bearing deposits with banks 16,541 11,858
Total cash and cash equivalents 305,057 162,863
Investment securities:    
Investment securities available for sale 131,290 132,127
Other investments 19,927 19,490
Total investment securities 151,217 151,617
Mortgage loans held for sale 11,524 4,565
Loans 3,683,919 3,631,767
Less allowance for credit losses (40,687) (39,914)
Loans, net 3,643,232 3,591,853
Bank owned life insurance 54,473 54,070
Property and equipment, net 87,369 88,794
Deferred income taxes, net 13,080 13,467
Other assets 18,359 20,364
Total assets 4,284,311 4,087,593
LIABILITIES    
Deposits 3,620,886 3,435,765
FHLB advances and related debt 240,000 240,000
Subordinated debentures 24,903 24,903
Other liabilities 60,924 56,481
Total liabilities 3,946,713 3,757,149
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, 8,168,865 shares issued and outstanding at March 31, 2025; 20,000,000 shares authorized, 8,164,872 shares issued and outstanding at December 31, 2024. 82 82
Nonvested restricted stock (3,372) (3,884)
Additional paid-in capital 124,561 124,641
Accumulated other comprehensive loss (10,016) (11,472)
Retained earnings 226,343 221,077
Total shareholders’ equity 337,598 330,444
Total liabilities and shareholders’ equity $ 4,284,311 $ 4,087,593