v3.25.2
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 104,769 $ 91,732
Federal funds sold 27,000 27,150
Interest-bearing deposits at financial institutions 118,704 143,442
Securities held to maturity, at amortized cost, net of allowance for credit losses 909,035 835,797
Securities available for sale, at fair value 271,517 281,109
Securities trading, at fair value 82,900 83,529
Total securities 1,263,452 1,200,435
Loans receivable held for sale 1,162 2,143
Loans/leases receivable held for investment 6,923,762 6,782,261
Gross loans/leases receivable 6,924,924 6,784,404
Less allowance for credit losses (88,732) (89,841)
Net loans/leases receivable 6,836,192 6,694,563
Bank-owned life insurance 111,097 109,575
Premises and equipment, net 181,773 159,153
Restricted investment securities 32,891 35,412
Other real estate owned, net 62 661
Goodwill 138,595 138,595
Intangibles 9,738 11,061
Derivatives 184,982 186,781
Other assets 233,076 227,470
Total assets 9,242,331 9,026,030
Liabilities and Stockholders' Equity    
Noninterest-bearing 952,032 921,160
Interest-bearing 6,366,321 6,140,027
Total deposits 7,318,353 7,061,187
Short-term borrowings 1,350 1,800
Federal Home Loan Bank advances 225,383 285,383
Subordinated notes 233,701 233,489
Junior subordinated debentures 48,925 48,860
Derivatives 209,505 214,823
Other liabilities 154,560 183,101
Total liabilities 8,191,777 8,028,643
Stockholders' Equity:    
Preferred stock, $1 par value; shares authorized 250,000 June 2025 and December 2024 - no shares issued or outstanding
Common stock, $1 par value; shares authorized 20,000,000 June 2025 - 16,934,698 shares issued and outstanding December 2024 - 16,882,045 shares issued and outstanding 16,935 16,882
Additional paid-in capital 376,571 374,975
Retained earnings 717,956 665,171
Accumulated other comprehensive loss:    
Securities available for sale (43,919) (37,965)
Derivatives (16,989) (21,676)
Total stockholders' equity 1,050,554 997,387
Total liabilities and stockholders' equity $ 9,242,331 $ 9,026,030