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UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 70,260 $ 72,267
Interest bearing deposits with banks 225,676 338,375
Total cash and cash equivalents 295,936 410,642
Securities available-for-sale, amortized cost $271,970 and $199,374, respectively 251,413 182,512
Securities held-to-maturity, fair value $638,718 and $671,585, respectively 794,797 817,688
Allowance for credit losses - securities held-to-maturity (450) (450)
Total investment securities 1,045,760 999,750
Non-marketable securities 15,549 15,549
Loans and leases held for investment, net of unearned income 3,682,370 3,654,689
Allowance for credit losses - loans and leases (75,032) (74,965)
Loans and leases held for investment, net 3,607,338 3,579,724
Bank-owned life insurance 73,654 74,931
Premises and equipment, net 51,306 51,907
Deferred income tax assets and income taxes receivable 43,821 50,071
Accrued interest receivable 27,195 28,520
Goodwill 11,183 11,183
Other intangibles 1,962 2,236
Other real estate owned 873 873
Other assets 92,908 83,542
TOTAL ASSETS 5,267,485 5,308,928
Deposits:    
Non-interest bearing 1,377,514 1,482,571
Interest bearing:    
Demand 856,713 933,417
Savings and money market 1,609,334 1,607,479
Certificates of deposit 753,494 644,628
Total interest bearing 3,219,541 3,185,524
Total deposits 4,597,055 4,668,095
Subordinated debentures 10,310 10,310
Interest payable and other liabilities 83,900 80,768
TOTAL LIABILITIES 4,691,265 4,759,173
SHAREHOLDERS' EQUITY    
Preferred shares, no par value, 1,000,000 shares authorized and, none issued or outstanding 0 0
Common shares, $0.01 par value, 7,500,000 authorized, 739,308 and 747,971 issued and outstanding at June 30, 2024 and December 31, 2023, respectively 7 7
Additional paid-in capital 27,931 36,852
Retained earnings 563,383 525,360
Accumulated other comprehensive loss, net of taxes (15,101) (12,464)
TOTAL SHAREHOLDERS' EQUITY 576,220 549,755
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 5,267,485 $ 5,308,928