v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 60,595 $ 59,164
Interest-bearing deposits 240,270 202,168
Cash and cash equivalents 300,865 261,332
Securities held to maturity, at amortized cost ($110,177 and $109,424 fair value at March 31, 2025 and December 31, 2024, respectively) 110,241 110,756
Securities available for sale, at fair value ($175,648 and $235,909 amortized cost at March 31, 2025 and December 31, 2024, respectively) 163,743 223,061
Loans held for sale 2,676 3,088
Loans 3,548,070 3,517,168
Allowance for credit losses - loans ("ACL-Loans") (43,749) (44,151)
Loans, net 3,504,321 3,473,017
Premises and equipment, net 72,670 71,108
Goodwill 175,106 175,106
Other investments 23,161 22,643
Cash value of life insurance 60,621 61,542
Core deposit intangibles, net 19,905 21,203
Mortgage servicing rights ("MSR") 13,544 13,369
Other real estate owned ("OREO") 741 741
Investment in Ansay and Associates, LLC ("Ansay") 34,639 34,093
Other assets 22,832 24,001
TOTAL ASSETS 4,505,065 4,495,060
Deposits:    
Interest-bearing deposits 2,680,438 2,636,192
Noninterest-bearing deposits 993,780 1,024,881
Total deposits 3,674,218 3,661,073
Notes payable 134,890 135,372
Subordinated notes 12,000 12,000
Other liabilities 35,543 46,932
Total liabilities 3,856,651 3,855,377
Stockholders' equity:    
Serial preferred stock - $0.01 par value; Authorized - 5,000,000 shares
Common stock - $0.01 par value; Authorized - 20,000,000 shares; Issued - 11,515,130 shares as of March 31, 2025 and December 31, 2024; Outstanding - 9,973,276 and 10,012,088 shares as of March 31, 2025 and December 31, 2024, respectively 115 115
Additional paid-in capital 332,250 333,842
Retained earnings 411,752 398,002
Treasury stock, at cost - 1,541,854 and 1,503,042 shares as of March 31, 2025 and December 31, 2024, respectively (87,099) (82,925)
Accumulated other comprehensive loss (8,604) (9,351)
Total stockholders' equity 648,414 639,683
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 4,505,065 $ 4,495,060