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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 71,215 $ 84,176
Interest-earning deposits with other banks 67,109 68,623
Cash and cash equivalents 138,324 152,799
Investment securities held-to-maturity (fair value $133,147 and $134,068 at March 31, 2023 and December 31, 2022, respectively) 151,347 154,727
Investment securities available-for-sale (amortized cost $414,118 and $402,111, net of allowance for credit losses of $1,432 and $1,140 at March 31, 2023 and December 31, 2022, respectively) 367,656 350,256
Investments in equity securities 3,105 2,579
Federal Home Loan Bank, Federal Reserve Bank and other stock, at cost 43,792 33,841
Loans held for sale 5,425 5,037
Loans and leases receivable, net of deferred income 6,239,804 6,123,230
Less: Allowance for credit losses, loans and leases (80,034) (79,004)
Net loans and leases held for investment 6,159,770 6,044,226
Premises and equipment, net 52,334 50,939
Operating lease right-of-use assets 31,663 30,059
Goodwill 175,510 175,510
Other intangibles, net of accumulated amortization 11,044 11,384
Bank owned life insurance 128,926 120,297
Accrued interest receivable and other assets 90,095 90,362
Total assets 7,358,991 7,222,016
LIABILITIES    
Noninterest-bearing deposits 1,799,225 2,047,263
Interest-bearing deposits 4,035,432 3,866,263
Deposits, Total 5,834,657 5,913,526
Short-term borrowings 271,881 197,141
Long-term debt 220,000 95,000
Subordinated notes 148,385 148,260
Operating lease liabilities 34,846 33,153
Accrued interest payable and other liabilities 50,726 58,436
Total liabilities 6,560,495 6,445,516
SHAREHOLDERS' EQUITY    
Common stock, $5 par value: 48,000,000 shares authorized at March 31, 2023 and December 31, 2022; 31,556,799 shares issued at March 31, 2023 and December 31, 2022; 29,427,696 and 29,271,915 shares outstanding at March 31, 2023 and December 31, 2022, respectively 157,784 157,784
Additional paid-in capital 298,167 300,808
Retained earnings 443,493 428,637
Accumulated other comprehensive loss, net of tax benefit (55,550) (62,104)
Treasury stock, at cost; 2,129,103 and 2,284,884 shares at March 31, 2023 and December 31, 2022, respectively (45,398) (48,625)
Total shareholders’ equity 798,496 776,500
Total liabilities and shareholders’ equity $ 7,358,991 $ 7,222,016