v3.26.1
CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Cash and cash equivalents:    
Cash and due from banks $ 781,030 $ 845,150
Federal funds sold 546 551
Cash and cash equivalents 781,576 845,701
Interest-earning time deposits with banks 250 250
Investment securities:    
Available for sale, at fair value (cost of $901,862 and $674,139, respectively) 890,758 676,592
Held to maturity, at cost and net of allowance for credit losses of $150 (estimated fair value of $265,294 and $268,094, respectively) 323,203 322,675
Investment securities 1,213,961 999,267
Federal Home Loan Bank stock, at cost 10,433 10,206
Loans, net of unearned income 1,765,210 2,069,802
Less: allowance for credit losses 34,299 40,755
Net loans 1,730,911 2,029,047
Premises and equipment, net 72,656 59,585
Intangible assets, net 2,218 2,638
Other real estate, net 29,721 35,084
Accrued interest receivable 11,875 12,455
Other assets 41,409 84,088
Total Assets 3,895,010 4,078,321
Deposits:    
Noninterest-bearing demand 415,296 414,604
Interest-bearing demand 1,092,746 1,165,061
Savings 224,436 213,936
Time 1,724,574 1,839,276
Total deposits 3,457,052 3,632,877
Repurchase agreements 7,227 7,119
Accrued interest payable 17,492 17,637
Long-term advances from Federal Home Loan Bank 135,000 135,000
Senior long-term debt 14,214 14,203
Junior subordinated debentures 29,835 29,805
Other liabilities 6,840 15,462
Total Liabilities 3,667,660 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; 16,539,094 and 15,793,433 shares issued and outstanding 16,539 15,793
Surplus 176,492 170,621
Retained earnings 18,742 14,055
Accumulated other comprehensive (loss) income (17,481) (7,309)
Total Shareholders' Equity 227,350 226,218
Total Liabilities and Shareholders' Equity $ 3,895,010 $ 4,078,321