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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 72,815 $ 84,176
Interest-earning deposits with other banks 176,984 68,623
Cash and cash equivalents 249,799 152,799
Investment securities held-to-maturity (fair value $128,277 and $134,068 at December 31, 2023 and 2022, respectively) 145,777 154,727
Investment securities available-for-sale (amortized cost $395,727 and $402,111, net of allowance for credit losses of $731 and $1,140 at December 31, 2023 and 2022, respectively) 351,553 350,256
Investments in equity securities 3,293 2,579
Federal Home Loan Bank, Federal Reserve Bank and other stock, at cost 40,499 33,841
Loans held for sale 11,637 5,037
Loans and leases held for investment 6,567,214 6,123,230
Allowance for credit losses, loans and leases (85,387) (79,004)
Net loans and leases held for investment 6,481,827 6,044,226
Premises and equipment, net 51,441 50,939
Operating lease right-of-use asset 31,795 30,059
Goodwill 175,510 175,510
Other intangibles, net of accumulated amortization 10,950 11,384
Bank owned life insurance 131,344 120,297
Accrued interest receivable and other assets 95,203 90,362
Total assets 7,780,628 7,222,016
LIABILITIES    
Noninterest-bearing deposits 1,468,320 2,047,263
Interest-bearing deposits 4,907,461 3,866,263
Total deposits 6,375,781 5,913,526
Short-term borrowings 6,306 197,141
Long-term debt 310,000 95,000
Subordinated notes 148,761 148,260
Operating lease liabilities 34,851 33,153
Accrued interest payable and other liabilities 65,721 58,436
Total liabilities 6,941,420 6,445,516
SHAREHOLDERS' EQUITY    
Common stock, $5 par value: 48,000,000 shares authorized at December 31, 2023 and 2022; 31,556,799 shares issued at December 31, 2023 and 2022; 29,511,721 and 29,271,915 shares outstanding at December 31, 2023 and 2022, respectively 157,784 157,784
Additional paid-in capital 301,066 300,808
Retained earnings 474,691 428,637
Accumulated other comprehensive loss, net of tax benefit $ (50,646) $ (62,104)
Treasury Stock, Common, Shares 2,045,078 2,284,884
Treasury Stock, Value $ (43,687) $ (48,625)
Shareholders' equity: 839,208 776,500
Total liabilities and shareholders' equity $ 7,780,628 $ 7,222,016