v3.25.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 129,607 $ 115,943
Interest-earning deposits 293,031 420,104
Cash and cash equivalents 422,638 [1] 536,047
Securities available for sale (“AFS”), at fair value 849,253 806,415
Other investments 59,594 62,125
Loans held for sale 9,955 7,637
Loans 6,839,141 6,626,584
Allowance for credit losses - loans (“ACL-Loans”) (68,408) (66,322)
Loans, net 6,770,733 6,560,262
Premises and equipment, net 123,723 126,979
Bank owned life insurance (“BOLI”) 189,342 186,448
Goodwill and other intangibles, net 385,107 388,140
Accrued interest receivable and other assets 120,464 122,742
Total assets 8,930,809 8,796,795
Liabilities:    
Noninterest-bearing demand deposits 1,800,335 1,791,228
Interest-bearing deposits 5,741,338 5,612,456
Total deposits 7,541,673 7,403,684
Long-term borrowings 134,340 161,387
Accrued interest payable and other liabilities 64,698 58,826
Total liabilities 7,740,711 7,623,897
Stockholders’ Equity:    
Common stock 149 154
Additional paid-in capital 601,625 655,540
Retained earnings 625,243 565,772
Accumulated other comprehensive income (loss) (36,919) (48,568)
Total stockholders’ equity 1,190,098 1,172,898
Total liabilities and stockholders’ equity $ 8,930,809 $ 8,796,795
Preferred shares authorized (no par value) 10,000,000 10,000,000
Preferred shares issued and outstanding 0 0
Common shares authorized (par value $0.01 per share) 30,000,000 30,000,000
Common shares outstanding 14,924,086 15,356,785
Common shares issued 15,019,186 15,450,298
[1] Cash and cash equivalents included $270,000 of restricted cash at June 30, 2025, while there was no restricted cash in cash and cash equivalents at June 30, 2024.