v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 24,423 $ 29,552
Interest-bearing deposits with banks 97,846 108,140
Cash and cash equivalents 122,269 137,692
Debt securities available-for-sale, at fair value 813,101 698,049
Debt securities held-to-maturity (fair value of $426,799 at 2025 and $445,186 at 2024) 458,746 499,858
Equity securities with readily determinable fair value 3,322 3,315
Equity securities with no readily determinable fair value 2,612 2,629
Restricted stock, at cost 4,979 5,086
Loans held for sale 1,263 1,586
Loans, before allowance for credit losses 3,456,209 3,466,146
Allowance for credit losses (41,690) (42,044)
Loans, net of allowance for credit losses 3,414,519 3,424,102
Bank owned life insurance 24,660 23,989
Bank premises and equipment, net 73,642 66,758
Bank premises held for sale 0 317
Foreclosed assets 1,126 367
Goodwill 59,820 59,820
Intangible assets, net 15,117 17,843
Mortgage servicing rights, at fair value 16,944 18,827
Investments in unconsolidated subsidiaries 1,614 1,614
Accrued interest receivable 23,779 24,770
Other assets 33,877 46,280
Total assets 5,071,390 5,032,902
Deposits:    
Noninterest-bearing 1,049,043 1,046,405
Interest-bearing 3,310,220 3,271,849
Total deposits 4,359,263 4,318,254
Securities sold under agreements to repurchase 0 28,969
Federal Home Loan Bank advances 12,301 13,231
Subordinated notes 0 39,553
Junior subordinated debentures issued to capital trusts 52,909 52,849
Other liabilities 31,419 35,441
Total liabilities 4,455,892 4,488,297
COMMITMENTS AND CONTINGENCIES (Note 23)
Stockholders' Equity    
Preferred stock, $0.01 par value; 25,000,000 shares authorized; none issued or outstanding 0 0
Common stock, $0.01 par value; 125,000,000 shares authorized; shares issued of 32,899,104 at 2025 and 32,827,039 at 2024; shares outstanding of 31,431,924 at 2025 and 31,559,366 at 2024 329 328
Surplus 298,548 297,297
Retained earnings 367,163 316,764
Accumulated other comprehensive income (loss) (23,018) (46,765)
Treasury stock at cost, 1,467,180 shares at 2025 and 1,267,673 at 2024 (27,524) (23,019)
Total stockholders’ equity 615,498 544,605
Total liabilities and stockholders’ equity $ 5,071,390 $ 5,032,902