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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 22,914 $ 25,339
Federal funds sold and interest-bearing deposits in banks 71,755 57,983
Cash and cash equivalents 94,669 83,322
Investment securities available for sale, at fair value (amortized cost $431,138 and $455,294, respectively) 382,953 407,382
Investment securities held to maturity, at amortized cost (fair value $398,852 and $405,576, respectively) 447,157 449,031
Other investments 16,034 16,868
Loans held for sale 31,102 27,958
Loans, net of unearned income 1,859,018 1,883,470
Allowance for credit losses (18,657) (18,371)
Loans, net 1,840,361 1,865,099
Premises and equipment 39,381 39,870
Other real estate owned 562 448
Goodwill 48,923 48,923
Other intangible assets 3,855 4,192
Bank-owned life insurance 56,765 56,925
Deferred income taxes, net 24,587 25,405
Other assets 29,160 27,999
Total assets 3,015,509 3,053,422
Deposits    
Noninterest-bearing 476,413 498,992
Interest-bearing 2,046,335 2,045,798
Total deposits 2,522,748 2,544,790
Federal Home Loan Bank advances 155,000 175,000
Other borrowings 62,969 63,445
Other liabilities 14,878 15,252
Total liabilities 2,755,595 2,798,487
Stockholders' equity:    
Preferred stock, stated value $1,000; 10,000,000 shares authorized, none issued or outstanding as of March 31, 2024 and December 31, 2023, respectively 0 0
Common stock, par value $1.00 per share; 50,000,000 shares authorized, 17,558,611 and 17,564,182 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 17,559 17,564
Paid in capital 168,951 168,614
Retained earnings 127,758 124,400
Accumulated other comprehensive loss, net of tax (54,354) (55,643)
Total stockholders' equity 259,914 254,935
Total liabilities and stockholders' equity $ 3,015,509 $ 3,053,422