v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and due from banks $ 298,244 $ 127,279
Federal funds sold 503 532
Cash and cash equivalents 298,747 127,811
Investment securities available for sale, at fair value 1,653,460 1,523,001
Equity securities, at fair value 3,853 4,235
Loans 4,243,704 4,352,004
Allowance for credit losses on loans (62,519) (69,219)
Total loans, net 4,181,185 4,282,785
Loans held for sale 8,944 7,781
Premises and equipment, net 82,898 85,134
Other real estate owned 356 606
Nonmarketable equity securities 30,664 32,598
Accrued interest receivable 23,676 23,824
Loan servicing rights, at lower of cost or fair value 11,316 11,932
Loan servicing rights, held for sale 0 3,661
Goodwill 7,927 7,927
Other intangible assets, net 7,495 8,876
Company-owned life insurance 222,757 218,554
Credit enhancement asset 13,642 12,557
Other assets 153,696 162,138
Total assets 6,700,616 6,513,420
Deposits:    
Noninterest-bearing demand deposits 1,010,128 1,040,411
Interest-bearing deposits 4,697,150 4,383,968
Total deposits 5,707,278 5,424,379
Short-term borrowings 7,645 60,181
Federal Home Loan Bank advances 258,000 293,000
Subordinated debt 27,030 27,019
Trust preferred debentures 52,219 51,857
Accrued interest payable and other liabilities 78,756 91,485
Total liabilities 6,130,928 5,947,921
Shareholders’ Equity:    
Preferred stock, $2.00 par value; 4,000,000 shares authorized; 115,000 Series A shares, $1,000 per share liquidation preference, issued and outstanding at June 30, 2026 and December 31, 2025, respectively 110,548 110,548
Common stock, $0.01 par value; 40,000,000 shares authorized; 20,725,814 and 21,169,854 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 207 212
Capital surplus 419,832 428,247
Retained earnings 107,032 86,825
Accumulated other comprehensive loss, net of tax (67,931) (60,333)
Total shareholders’ equity 569,688 565,499
Total liabilities and shareholders’ equity $ 6,700,616 $ 6,513,420