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 $ 733,223 $ 845,150
Federal funds sold 544 551
Cash and cash equivalents 733,767 845,701
Interest-earning time deposits with banks 250 250
Investment securities:    
Available for sale, at fair value (cost of $859,464 and $674,139, respectively) 853,913 676,592
Held to maturity, at cost and net of allowance for credit losses of $150 (estimated fair value of $265,579 and $268,094, respectively) 322,939 322,675
Investment securities 1,176,852 999,267
Federal Home Loan Bank stock, at cost 10,324 10,206
Loans, net of unearned income 1,924,577 2,069,802
Less: allowance for credit losses 38,488 40,755
Net loans 1,886,089 2,029,047
Premises and equipment, net 58,753 59,585
Intangible assets, net 2,429 2,638
Other real estate, net 28,872 35,084
Accrued interest receivable 13,920 12,455
Other assets 47,286 84,088
Total Assets 3,958,542 4,078,321
Deposits:    
Noninterest-bearing demand 411,764 414,604
Interest-bearing demand 1,100,162 1,165,061
Savings 217,316 213,936
Time 1,778,302 1,839,276
Total deposits 3,507,544 3,632,877
Repurchase agreements 7,119 7,119
Accrued interest payable 22,558 17,637
Long-term advances from Federal Home Loan Bank 135,000 135,000
Senior long-term debt 14,210 14,203
Junior subordinated debentures 29,820 29,805
Other liabilities 18,301 15,462
Total Liabilities 3,734,552 3,852,103
Preferred stock, Series A - $1,000 par value - 100,000 shares authorized    
Non-cumulative perpetual; 34,500 shares issued and outstanding 33,058 33,058
Common stock, $1 par value - 100,600,000 shares authorized; 16,028,044 and 15,793,433 shares issued and outstanding 16,028 15,793
Surplus 172,209 170,621
Retained earnings 16,058 14,055
Accumulated other comprehensive (loss) income (13,363) (7,309)
Total Shareholders' Equity 223,990 226,218
Total Liabilities and Shareholders' Equity $ 3,958,542 $ 4,078,321