v3.25.2
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Cash and cash equivalents:    
Cash and due from banks $ 50,948 $ 34,266
Interest-earning deposits with other banks 36,087 37,896
Total cash and cash equivalents 87,035 72,162
Securities:    
Available-for-sale debt securities 528,690 521,018
Less: Allowance for credit losses on available-for-sale debt securities   (568)
Net securities 528,690 520,450
Federal Home Loan Bank stock 12,695 12,237
Loans held for sale 2,829 1,235
Total loans held for investment 3,152,664 3,147,096
Less: Allowance for credit losses (28,885) (28,744)
Net loans held for investment 3,123,779 3,118,352
Premises and equipment, net 52,647 51,237
Goodwill 119,477 119,477
Other intangible assets 3,472 3,938
Cash surrender value of bank-owned life insurance 83,074 81,858
Deferred tax assets, net 23,290 23,330
Other assets 75,017 79,051
Total assets 4,112,005 4,083,327
Deposits:    
Non-interest bearing demand 552,074 575,649
Interest-bearing demand 931,854 910,191
Savings 542,579 545,816
Money market 370,709 405,758
Time 894,772 830,274
Total deposits 3,291,988 3,267,688
Borrowings:    
Senior 256,441 249,981
Subordinated 40,620 40,620
Total borrowings 297,061 290,601
Other liabilities 54,096 66,610
Total liabilities 3,643,145 3,624,899
Shareholders' equity    
Capital stock, par value $2.00; authorized 30,000,000 shares and 20,000,000 shares; issued 16,384,353 shares and 16,428,388 shares; outstanding 15,321,763 shares and 15,279,783 shares at June 30, 2025 and December 31, 2024, respectively 32,769 32,857
Additional paid-in capital 195,798 194,607
Retained earnings 304,500 297,857
Accumulated other comprehensive loss (48,809) (51,536)
Less: 1,062,590 and 1,148,605 shares of treasury stock, at cost, at June 30, 2025 and December 31, 2024, respectively (15,398) (15,357)
Total shareholders' equity 468,860 458,428
Total liabilities and shareholders' equity $ 4,112,005 $ 4,083,327