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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 68,900 $ 84,176
Interest-earning deposits with other banks 221,441 68,623
Cash and cash equivalents 290,341 152,799
Investment securities held-to-maturity (fair value $123,760 and $134,068 at September 30, 2023 and December 31, 2022, respectively) 149,451 154,727
Investment securities available-for-sale (amortized cost $396,804 and $402,111, net of allowance for credit losses of $1,537 and $1,140 at September 30, 2023 and December 31, 2022, respectively) 334,538 350,256
Investments in equity securities 4,054 2,579
Federal Home Loan Bank, Federal Reserve Bank and other stock, at cost 42,417 33,841
Loans held for sale 16,473 5,037
Loans and leases receivable, net of deferred income 6,574,958 6,123,230
Less: Allowance for credit losses, loans and leases (83,837) (79,004)
Net loans and leases held for investment 6,491,121 6,044,226
Premises and equipment, net 51,287 50,939
Operating lease right-of-use assets 31,053 30,059
Goodwill 175,510 175,510
Other intangibles, net of accumulated amortization 11,079 11,384
Bank owned life insurance 130,522 120,297
Accrued interest receivable and other assets 100,220 90,362
Total assets 7,828,066 7,222,016
LIABILITIES    
Noninterest-bearing deposits 1,432,559 2,047,263
Interest-bearing deposits 5,006,606 3,866,263
Deposits, Total 6,439,165 5,913,526
Short-term borrowings 14,676 197,141
Long-term debt 320,000 95,000
Subordinated notes 148,636 148,260
Operating lease liabilities 34,017 33,153
Accrued interest payable and other liabilities 64,374 58,436
Total liabilities 7,020,868 6,445,516
SHAREHOLDERS' EQUITY    
Common stock, $5 par value: 48,000,000 shares authorized at September 30, 2023 and December 31, 2022; 31,556,799 shares issued at September 30, 2023 and December 31, 2022; 29,508,128 and 29,271,915 shares outstanding at September 30, 2023 and December 31, 2022, respectively 157,784 157,784
Additional paid-in capital 300,171 300,808
Retained earnings 464,634 428,637
Accumulated other comprehensive loss, net of tax benefit (71,586) (62,104)
Treasury stock, at cost; 2,048,671 and 2,284,884 shares at September 30, 2023 and December 31, 2022, respectively (43,805) (48,625)
Total shareholders’ equity 807,198 776,500
Total liabilities and shareholders’ equity $ 7,828,066 $ 7,222,016