Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and Due From Banks $ 75,304 $ 83,118
Federal Funds Sold and Interest Bearing Deposits 272,675 228,949
Total Cash and Cash Equivalents 347,979 312,067
Investment Securities, Available for Sale, at fair value (amortized cost of $341,307 and $367,747) 310,941 337,902
Investment Securities, Held to Maturity (fair value of $551,244 and $591,751) 582,984 625,022
Equity Securities 2,537 3,450
Total Investment Securities 896,462 966,374
Loans Held For Sale, at fair value 24,022 28,211
Loans Held for Investment 2,690,223 2,733,918
Allowance for Credit Losses (29,219) (29,941)
Loans Held for Investment, Net 2,661,004 2,703,977
Premises and Equipment, Net 81,414 81,266
Goodwill and Other Intangibles 92,853 92,933
Other Real Estate Owned 650 1
Other Assets 121,311 119,648
Total Assets 4,225,695 4,304,477
Deposits:    
Noninterest Bearing Deposits 1,343,606 1,377,934
Interest Bearing Deposits 2,264,958 2,323,888
Total Deposits 3,608,564 3,701,822
Short-Term Borrowings 25,770 35,341
Subordinated Notes Payable 52,887 52,887
Other Long-Term Borrowings 1,009 315
Other Liabilities 69,987 66,080
Total Liabilities 3,758,217 3,856,445
Temporary Equity 6,479 7,407
SHAREOWNERS' EQUITY    
Preferred Stock, $0.01 par value; 3,000,000 shares authorized; no shares issued and outstanding
Common Stock, $0.01 par value; 90,000,000 shares authorized; 16,941,553 and 16,950,222 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 169 170
Additional Paid-In Capital 35,547 36,326
Retained Earnings 445,959 426,275
Accumulated Other Comprehensive Loss, net of tax (20,676) (22,146)
Total Shareowners' Equity 460,999 440,625
Total Liabilities, Temporary Equity, and Shareowners' Equity $ 4,225,695 $ 4,304,477