v3.26.1
Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Cash and cash equivalents:    
Cash and due from banks $ 425,174 $ 175,202
Federal funds sold 6,133 6,027
Total cash and cash equivalents 431,307 181,229
Interest bearing time deposits in other banks 270 267
Investment securities available-for-sale 435,846 383,192
Investment securities held-to-maturity 191,980 192,008
Loans, net of allowance for credit losses of $51,455 and $43,949 at March 31, 2026 and December 31, 2025, respectively 5,200,003 4,350,802
Accrued interest receivable 31,385 29,236
Premises and equipment, net 40,558 24,789
Other real estate owned 8,388 8,388
Bank-owned life insurance 77,107 76,357
Non-marketable equity securities, at cost 21,759 16,424
Deferred tax asset, net 7,493 6,450
Derivative assets 2,350 2,544
Right-of-use asset - operating leases 17,615 17,066
Core deposit intangibles, net 8,516 646
Goodwill 46,367 18,034
Other assets 61,129 33,327
Total assets 6,582,073 5,340,759
Deposits:    
Noninterest bearing 577,217 495,000
Interest bearing 5,137,860 4,131,888
Total deposits 5,715,077 4,626,888
Accrued interest payable 7,205 5,957
Derivative liabilities 3,517 3,142
Lease liability - operating leases 18,676 18,130
Other liabilities 48,177 36,775
Line of credit - Senior Debt 57,875 37,875
Note payable - Subordinated Debentures, net 81,016 80,965
Total liabilities 5,931,543 4,809,732
Commitments and contingent liabilities - See Notes 10 and 19
Shareholders' equity:    
Series A Convertible Non-Cumulative Preferred Stock, $1 par value; 69,400 shares authorized and outstanding at March 31, 2026 and December 31, 2025 69 69
Common stock, $1 par value; 50,000,000 shares authorized; 16,640,730 and 13,969,517 issued; and 16,562,268 and 13,891,055 outstanding at March 31, 2026 and December 31, 2025, respectively 16,641 13,970
Additional paid-in capital 428,815 323,929
Retained earnings 198,435 183,238
Accumulated other comprehensive income 7,669 10,920
Treasury stock: at cost; 78,462 shares at March 31, 2026 and December 31, 2025 (1,099) (1,099)
Total shareholders' equity 650,530 531,027
Total liabilities and shareholders' equity $ 6,582,073 $ 5,340,759