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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets:    
Cash and due from banks $ 60,762 $ 51,306
Interest bearing deposits 175,112 77,380
Cash and cash equivalents 235,874 128,686
Certificates of deposit in other banks 245 245
Debt securities available-for-sale at fair value (amortized cost of $1,390,747 and $1,430,605, respectively) 1,241,080 1,256,226
Equity securities at fair value 2,380 2,166
Loans held for sale 182 109
Loans 3,777,359 3,709,290
Allowance for credit losses (46,683) (45,981)
Net loans 3,730,676 3,663,309
Premises and equipment, net 42,636 42,633
Operating right-of-use assets 13,805 13,809
Finance right-of-use assets 3,232 3,262
Federal Home Loan Bank stock 4,826 6,676
Federal Reserve Bank stock 4,887 4,887
Goodwill 65,490 65,490
Bank owned life insurance 93,324 92,746
Mortgage servicing rights 8,121 8,468
Other real estate owned 2,776 3,671
Deferred tax asset 31,653 39,878
Accrued interest receivable 19,012 19,592
Other assets 29,121 28,463
Total assets 5,529,320 5,380,316
Deposits:    
Noninterest bearing 1,409,839 1,394,915
Interest bearing 3,133,585 3,031,228
Total deposits 4,543,424 4,426,143
Repurchase agreements 208,777 215,431
Federal funds purchased 500 500
Advances from Federal Home Loan Bank 350 355
Long-term debt 64,404 57,841
Operating lease liability 14,148 14,160
Finance lease liability 3,471 3,468
Accrued interest payable 4,138 2,237
Other liabilities 33,287 32,134
Total liabilities 4,872,499 4,752,269
Shareholders' equity:    
Preferred stock, 300,000 shares authorized and unissued 0 0
Common stock, $5.00 par value, shares authorized 25,000,000; shares issued and outstanding 2023 - 17,976,345; 2022 - 17,918,280 89,881 89,591
Capital surplus 229,333 229,012
Retained earnings 450,044 438,596
Accumulated other comprehensive loss, net of tax (112,437) (129,152)
Total shareholders' equity 656,821 628,047
Total liabilities and shareholders' equity $ 5,529,320 $ 5,380,316