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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from financial institutions $ 60,406 $ 43,361
Cash and cash equivalents 60,406 43,361
Investments in time deposits 1,225 1,477
Securities available for sale 618,272 615,402
Equity securities 2,169 2,190
Loans held for sale 1,725 683
Loans, net of allowance of $37,160 and $28,511 2,824,568 2,619,770
Other securities 29,998 33,585
Premises and equipment, net 56,769 64,018
Accrued interest receivable 12,819 11,178
Goodwill 125,520 125,695
Other intangible assets 9,508 10,759
Bank owned life insurance 61,335 53,543
Swap assets 12,481 16,579
Deferred taxes 18,357 18,449
Other assets 26,266 22,756
Total assets 3,861,418 3,639,445
Deposits    
Noninterest-bearing 771,699 896,333
Interest-bearing 2,213,329 1,723,651
Total deposits 2,985,028 2,619,984
Short-term Federal Home Loan Bank advances 338,000 393,700
Long-term Federal Home Loan Bank advances 2,392 3,578
Securities sold under agreement to repurchase 0 25,143
Subordinated debentures 103,943 103,799
Secured borrowings 0 101,615
Other borrowings 9,859 15,516
Swap liabilities 12,481 16,579
Accrued expenses and other liabilities 37,713 24,696
Total liabilities 3,489,416 3,304,610
SHAREHOLDERS’ EQUITY    
Common stock, no par value, 40,000,000 shares authorized, 19,288,674 shares issued at December 31, 2023 and 19,231,061 shares issued at December 31, 2022 311,166 310,182
Accumulated earnings 183,788 156,492
Treasury stock, 3,593,250 common shares at December 31, 2023 and 3,502,827 common shares at December 31, 2022, at cost (75,422) (73,794)
Accumulated other comprehensive loss (47,530) (58,045)
Total shareholders’ equity 372,002 334,835
Total liabilities and shareholders’ equity $ 3,861,418 $ 3,639,445