v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Cash and cash equivalents:    
Cash and due from banks $ 845,150 $ 563,778
Federal funds sold 551 430
Cash and cash equivalents 845,701 564,208
Interest-earning time deposits with banks 250 250
Investment securities:    
Available for sale, at fair value (cost of $674,139 and $284,321, respectively) 676,592 281,097
Held to maturity, at cost and net of allowance for credit losses of $150 (estimated fair value of $268,094 and $251,458, respectively) 322,675 321,622
Investment securities 999,267 602,719
Federal Home Loan Bank stock, at cost 10,206 9,706
Loans, net of unearned income 2,069,802 2,693,780
Less: allowance for credit losses 40,755 34,811
Net loans 2,029,047 2,658,969
Premises and equipment, net 59,585 67,789
Goodwill 0 12,900
Intangible assets, net 2,638 3,474
Other real estate, net 35,084 319
Accrued interest receivable 12,455 14,850
Other assets 84,088 37,544
Total Assets 4,078,321 3,972,728
Deposits:    
Noninterest-bearing demand 414,604 404,056
Interest-bearing demand 1,165,061 1,387,068
Savings 213,936 234,444
Time 1,839,276 1,450,692
Total deposits 3,632,877 3,476,260
Repurchase agreements 7,119 7,009
Accrued interest payable 17,637 20,437
Long-term advances from Federal Home Loan Bank 135,000 135,000
Senior long-term debt 14,203 15,169
Junior subordinated debentures 29,805 44,745
Other liabilities 15,462 19,059
Total Liabilities 3,852,103 3,717,679
Preferred stock, Series A - $1,000 par value - 100,000 shares authorized    
Non-cumulative perpetual; 34,500 shares issued and outstanding, respectively 33,058 33,058
Common stock, $1 par value - 100,600,000 shares authorized; 15,793,433 and 12,504,717 shares issued and outstanding 15,793 12,505
Surplus 170,621 149,389
Retained earnings 14,055 72,965
Accumulated other comprehensive (loss) income (7,309) (12,868)
Total Shareholders' Equity 226,218 255,049
Total Liabilities and Shareholders' Equity $ 4,078,321 $ 3,972,728