v3.25.2
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Loans $ 4,287,945 $ 4,091,889
Less: Allowance for credit losses (53,854) (49,497)
Net loans 4,234,091 4,042,392
Securities available-for-sale, at market (amortized cost $987,775 and $947,341, respectively) 893,693 827,893
Loans held for sale 5,094 2,529
Interest bearing deposits 208,677 211,271
Restricted equity securities 4,285 3,876
Federal funds sold 9,878 9,791
Total earning assets 5,355,718 5,097,752
Cash and due from banks 26,758 26,527
Bank premises and equipment, net 62,990 61,549
Accrued interest receivable 18,865 16,914
Deferred income tax asset 40,441 46,048
Bank owned life insurance 68,260 61,948
Other assets 52,875 43,116
Goodwill 5,877 4,805
Total assets 5,631,784 5,358,659
Deposits:    
Noninterest-bearing 394,581 383,168
Interest bearing 941,760 968,198
Savings and money market accounts 1,875,753 1,669,607
Time 1,827,643 1,809,061
Total deposits 5,039,737 4,830,034
Accrued interest payable and other liabilities 61,091 48,922
Total liabilities 5,100,828 4,878,956
Shareholders’ equity:    
Common stock, $2.00 par value; authorized 50,000,000 shares, issued and outstanding 11,993,971 and 11,876,770 shares, respectively 24,001 23,754
Additional paid-in capital 159,606 150,739
Retained earnings 416,843 393,238
Noncontrolling interest in consolidated subsidiary 0 203
Accumulated other comprehensive losses, net of taxes of $24,588 and $31,217 respectively (69,494) (88,231)
Total shareholders’ equity 530,956 479,703
Total liabilities and shareholders’ equity $ 5,631,784 $ 5,358,659