v3.25.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and Cash Equivalents $ 217,495 $ 229,760
Bank-Owned Certificates of Deposit 3,897 4,377
Securities Available for Sale, at Fair Value 743,889 768,247
Loans, Net of Allowance for Credit Losses of $55,765 at June 30, 2025 (unaudited) and $52,277 at December 31, 2024 4,082,405 3,809,436
Federal Home Loan Bank (FHLB) Stock, at Cost 21,472 19,297
Premises and Equipment, Net 49,979 49,533
Foreclosed Assets 185  
Accrued Interest 17,711 17,711
Goodwill 11,982 11,982
Other Intangible Assets, Net 7,390 7,850
Bank-Owned Life Insurance 45,413 44,646
Other Assets 94,855 103,403
Total Assets 5,296,673 5,066,242
Deposits:    
Noninterest Bearing 787,868 800,763
Interest Bearing 3,448,874 3,286,004
Total Deposits 4,236,742 4,086,767
Notes Payable 13,750 13,750
FHLB Advances 404,500 359,500
Subordinated Debentures, Net of Issuance Costs 108,689 79,670
Accrued Interest Payable 4,110 4,008
Other Liabilities 52,600 64,612
Total Liabilities 4,820,391 4,608,307
SHAREHOLDERS' EQUITY    
Preferred Stock - Issued and Outstanding 27,600 Series A shares ($2,500 liquidation preference) at June 30, 2025 (unaudited) and December 31, 2024 66,514 66,514
Common Stock - Issued and Outstanding 27,470,283 at June 30, 2025 (unaudited) and 27,552,449 at December 31, 2024 275 276
Additional Paid-In Capital 95,174 95,088
Retained Earnings 328,547 309,421
Accumulated Other Comprehensive Loss (14,228) (13,364)
Total Shareholders' Equity 476,282 457,935
Total Liabilities and Equity $ 5,296,673 $ 5,066,242