v3.25.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 114,055 $ 134,212
Federal funds sold 711 849
Cash and cash equivalents 114,766 135,061
Investment securities available for sale, at fair value 1,207,574 915,895
Equity securities, at fair value 4,792 4,501
Loans 5,167,574 6,103,592
Allowance for credit losses on loans (111,204) (159,319)
Total loans, net 5,056,370 5,944,273
Loans held for sale 344,947 3,811
Premises and equipment, net 85,710 82,814
Other real estate owned 4,941 9,112
Nonmarketable equity securities 33,723 43,421
Accrued interest receivable 25,329 34,133
Loan servicing rights, at lower of cost or fair value 17,842 20,253
Goodwill 161,904 161,904
Other intangible assets, net 12,100 16,108
Company-owned life insurance 211,168 203,485
Credit enhancement asset 16,804 15,389
Other assets 208,839 199,886
Total assets 7,506,809 7,790,046
Deposits:    
Noninterest-bearing demand deposits 1,055,564 1,145,395
Interest-bearing deposits 5,141,679 5,164,134
Total deposits 6,197,243 6,309,529
Short-term borrowings 87,499 34,865
Federal Home Loan Bank advances and other borrowings 258,000 476,000
Subordinated debt 77,749 93,546
Trust preferred debentures 51,205 50,616
Accrued interest payable and other liabilities 124,266 110,377
Total liabilities 6,795,962 7,074,933
Shareholders’ Equity:    
Preferred stock, $2.00 par value; 4,000,000 shares authorized; 115,000 Series A shares, $1,000 per share liquidation preference, issued and outstanding at December 31, 2024 and 2023, respectively 110,548 110,548
Common stock, $0.01 par value; 40,000,000 shares authorized; 21,494,485 and 21,551,402 shares issued and outstanding at December 31, 2024 and 2023, respectively 215 216
Capital surplus 434,346 435,463
Retained earnings 247,698 245,639
Accumulated other comprehensive loss, net of tax (81,960) (76,753)
Total shareholders’ equity 710,847 715,113
Total liabilities and shareholders’ equity $ 7,506,809 $ 7,790,046