XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets:    
Cash and due from banks $ 69,291 $ 51,306
Interest bearing deposits 149,967 77,380
Cash and cash equivalents 219,258 128,686
Certificates of deposit in other banks 245 245
Debt securities available-for-sale at fair value (amortized cost of $1,324,139 and $1,430,605, respectively) 1,135,878 1,256,226
Equity securities at fair value 2,900 2,166
Loans held for sale 0 109
Loans 3,985,019 3,709,290
Allowance for credit losses (48,719) (45,981)
Net loans 3,936,300 3,663,309
Premises and equipment, net 44,962 42,633
Operating right-of-use assets 12,929 13,809
Finance right-of-use assets 3,171 3,262
Federal Home Loan Bank stock 7,670 6,676
Federal Reserve Bank stock 4,887 4,887
Goodwill 65,490 65,490
Bank owned life insurance 94,019 92,746
Mortgage servicing rights 8,289 8,468
Other real estate owned 2,175 3,671
Deferred tax asset 41,268 39,878
Accrued interest receivable 21,467 19,592
Other assets 34,024 28,463
Total assets 5,634,932 5,380,316
Deposits:    
Noninterest bearing 1,314,189 1,394,915
Interest bearing 3,313,703 3,031,228
Total deposits 4,627,892 4,426,143
Repurchase agreements 232,577 215,431
Federal funds purchased 500 500
Advances from Federal Home Loan Bank 340 355
Long-term debt 64,296 57,841
Operating lease liability 13,323 14,160
Finance lease liability 3,478 3,468
Accrued interest payable 8,210 2,237
Other liabilities 31,282 32,134
Total liabilities 4,981,898 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 - 17,991,419; 2022 - 17,918,280 89,956 89,591
Capital surplus 230,503 229,012
Retained earnings 473,976 438,596
Accumulated other comprehensive loss, net of tax (141,401) (129,152)
Total shareholders' equity 653,034 628,047
Total liabilities and shareholders' equity $ 5,634,932 $ 5,380,316