v3.25.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Cash and cash equivalents $ 82,979 $ 61,239
Trading 3,047 3,309
Available-for-sale, at fair value (amortized cost of $652,004 and $686,556, respectively) 567,728 588,053
Held-to-maturity, at amortized cost (fair value of $234,575 and $236,986, respectively, with an allowance for credit losses on investments of $129 and $131, respectively) 268,631 275,585
Loans held for sale 12,905 16,518
Loans 4,085,483 3,992,534
Allowance for credit losses on loans (61,929) (59,929)
Net loans 4,023,554 3,932,605
Land, premises and equipment, net 40,733 39,780
Operating lease right-of-use assets 12,983 13,438
Interest Receivable 20,505 20,075
Bank-owned life insurance 36,392 36,033
Goodwill 85,634 85,634
Other intangible assets, net 41,172 43,882
Servicing rights 7,351 7,918
Deferred income taxes, net 45,162 52,885
Other Assets 90,844 84,719
Total assets 5,339,620 5,261,673
Deposits    
Noninterest-bearing 889,270 903,466
Interest-bearing 3,596,021 3,474,944
Total deposits 4,485,291 4,378,410
Short-term borrowings 200,000 238,960
Long-term debt 59,098 59,069
Operating lease liabilities 18,515 18,991
Accrued Liabilities and Other Liabilities 62,484 70,833
Total liabilities 4,825,388 4,766,263
Commitments and contingencies (Note 12)
Stockholders’ equity    
Preferred stock, $1 par value, 2,000,000 shares authorized: 0 issued and outstanding 0 0
Common stock, $1 par value, 30,000,000 shares authorized: 25,365,662 and 25,344,803 issued and outstanding 25,366 25,345
Additional paid-in capital 270,159 269,708
Retained earnings 281,961 273,723
Accumulated other comprehensive income (loss) (63,254) (73,366)
Total stockholders’ equity 514,232 495,410
Total liabilities and stockholders’ equity $ 5,339,620 $ 5,261,673