v3.25.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 145,876 $ 117,580
Interest-bearing deposits in depository institutions 26,248 107,809
Cash and Cash Equivalents 172,124 225,389
Investment securities available for sale, at fair value (amortized cost $1,685,151 and $1,570,449, net of allowance for credit losses of $0 at June 30, 2025 and December 31, 2024, respectively) 1,562,423 1,421,306
Other securities 29,768 29,803
Total Investment Securities 1,592,191 1,451,109
Gross loans 4,339,196 4,274,776
Allowance for credit losses (19,724) (21,922)
Net Loans 4,319,472 4,252,854
Bank owned life insurance 122,587 120,887
Premises and equipment, net 69,038 70,539
Accrued interest receivable 21,654 20,650
Deferred tax assets, net 33,994 41,704
Goodwill and other intangible assets, net 158,957 160,044
Other assets 108,120 116,283
Total Assets 6,598,137 6,459,459
Deposits:    
Noninterest-bearing 1,383,247 1,344,449
Interest-bearing:    
Demand deposits 1,333,858 1,335,220
Savings deposits 1,244,179 1,215,358
Time deposits 1,287,536 1,249,123
Total Deposits 5,248,820 5,144,150
Securities sold under agreements to repurchase 339,834 325,655
FHLB long-term advances 150,000 150,000
Other liabilities 95,268 108,990
Total Liabilities 5,833,922 5,728,795
Commitments and contingencies - see Note I
Shareholders’ Equity    
Preferred stock, par value $25 per share: 500,000 shares authorized; none issued 0 0
Common stock, par value $2.50 per share: 50,000,000 shares authorized; 19,047,548 shares issued at June 30, 2025 and December 31, 2024, less 4,552,717 and 4,342,108 shares in treasury, respectively 47,619 47,619
Capital surplus 172,853 176,506
Retained earnings 893,422 852,757
Treasury Stock (254,181) (230,499)
Accumulated other comprehensive loss:    
Unrealized loss on securities available-for-sale (94,056) (114,277)
Underfunded pension liability (1,442) (1,442)
Total Accumulated Other Comprehensive Loss (95,498) (115,719)
Total Shareholders’ Equity 764,215 730,664
Total Liabilities and Shareholders’ Equity $ 6,598,137 $ 6,459,459