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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Cash and due from banks:    
Non-interest bearing $ 81,006,000 $ 122,871,000
Interest bearing 274,680,000 11,211,000
Federal funds sold 15,000 8,982,000
Cash and cash equivalents 355,701,000 143,064,000
Certificates of deposit 3,745,000 1,470,000
Investment securities:    
Available-for-sale, at fair value (amortized cost of $1,342,603 and $1,363,721 at March 31, 2024 and December 31, 2023, respectively) 1,139,427,000 1,171,572,000
Held-to-maturity, at amortized cost (estimated fair value of $2,282 and $2,286 at March 31, 2024 and December 31, 2023, respectively) 2,282,000 2,286,000
Equity securities, at fair value 4,298,000 4,074,000
Loans held for sale 4,817,000 4,980,000
Loans 5,494,478,000 5,575,585,000
Less allowance for credit losses (67,936,000) (68,675,000)
Net loans 5,426,542,000 5,506,910,000
Interest receivable 37,667,000 35,082,000
Other real estate owned 1,346,000 1,163,000
Premises and equipment, net 101,666,000 101,396,000
Goodwill, net 196,461,000 196,461,000
Intangible assets, net 64,238,000 67,770,000
Bank owned life insurance 167,247,000 166,125,000
Right of use lease assets 14,318,000 14,306,000
'Deferred tax asset, net 69,876,000 70,067,000
Other assets 88,615,000 100,068,000
Total assets 7,678,246,000 7,586,794,000
Deposits:    
Non-interest bearing 1,448,299,000 1,398,234,000
Interest bearing 4,794,637,000 4,725,425,000
Total deposits 6,242,936,000 6,123,659,000
Securities sold under agreements to repurchase 210,719,000 213,721,000
Interest payable 6,318,000 5,437,000
FHLB borrowings 238,761,000 263,787,000
Junior subordinated debentures, net 24,113,000 24,058,000
Subordinated debt, net 106,862,000 106,755,000
Lease liabilities 14,624,000 14,615,000
Other liabilities 35,961,000 41,558,000
Total liabilities 6,880,294,000 6,793,590,000
Stockholders’ equity:    
Common stock ($4 par value; authorized 30,000,000 shares; issued 24,541,500 and 24,479,708 shares in 2024 and 2023, respectively; outstanding 23,888,929 and 23,827,137 shares in 2024 and 2023, respectively) 100,166,000 99,919,000
Additional paid-in capital 511,785,000 509,314,000
Retained earnings 353,694,000 338,662,000
Deferred compensation 832,000 2,629,000
Accumulated other comprehensive loss (147,667,000) (136,427,000)
Treasury stock, at cost (652,571 shares in 2024 and 652,571 shares in 2023) (20,858,000) (20,893,000)
Total stockholders’ equity 797,952,000 793,204,000
Total liabilities and stockholders’ equity $ 7,678,246,000 $ 7,586,794,000