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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Cash and cash equivalents:    
Cash and due from banks $ 41,210 $ 39,933
Interest-earning deposits with other banks 81,606 52,362
Total cash and cash equivalents 122,816 92,295
Securities:    
Securities available for sale 509,453 559,516
Federal Home Loan Bank stock 14,834 14,893
Total securities 524,287 574,409
Loans held for sale 2,016  
Loans:    
Total loans 2,992,791 2,902,690
Less: Allowance for credit losses (28,011) (25,860)
Net loans 2,964,780 2,876,830
Premises and equipment, net 47,790 47,622
Goodwill 119,477 119,477
Other intangible assets 5,102 5,801
Cash surrender value of bank-owned life insurance 79,469 81,197
Deferred tax assets, net 28,328 24,443
Other assets 89,876 87,729
Total assets 3,983,941 3,909,803
Deposits:    
Demand 618,421 676,350
NOW 929,481 900,730
Savings 572,271 664,514
Money market 361,839 478,398
Time 658,482 323,439
Total deposits 3,140,494 3,043,431
Borrowings:    
Senior 307,070 333,957
Subordinated 60,422 60,289
Total borrowings 367,492 394,246
Other liabilities 71,747 78,676
Total liabilities 3,579,733 3,516,353
Shareholders' equity    
Capital stock, par value $2.00; authorized 20,000,000 shares; issued 16,428,388 shares; outstanding 15,155,971 shares and 15,082,688 shares at September 30, 2023 and December 31, 2022 respectively 32,857 32,857
Additional paid-in capital 192,673 191,922
Retained earnings 266,365 243,815
Accumulated other comprehensive loss (71,400) (58,340)
Less: 1,272,417 and 1,345,700 shares of treasury stock, at cost, at September 30, 2023 and December 31, 2022, respectively (16,287) (16,804)
Total shareholders' equity 404,208 393,450
Total liabilities and shareholders' equity $ 3,983,941 $ 3,909,803