Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and Due From Banks $ 78,521 $ 70,543
Federal Funds Sold and Interest Bearing Deposits 446,042 321,311
Total Cash and Cash Equivalents 524,563 391,854
Investment Securities, Available for Sale, at fair value (amortized cost of $481,913 and $429,033) 461,224 403,345
Investment Securities, Held to Maturity (fair value of $500,201 and $544,460) 517,176 567,155
Equity Securities 2,315 2,399
Total Investment Securities 980,715 972,899
Loans Held For Sale, at fair value 21,441 28,672
Loans Held for Investment 2,660,770 2,651,550
Allowance for Credit Losses (29,734) (29,251)
Loans Held for Investment, Net 2,631,036 2,622,299
Premises and Equipment, Net 80,043 81,952
Goodwill and Other Intangibles 92,733 92,773
Other Real Estate Owned 132 367
Other Assets 130,570 134,116
Total Assets 4,461,233 4,324,932
Deposits:    
Noninterest Bearing Deposits 1,363,739 1,306,254
Interest Bearing Deposits 2,420,151 2,365,723
Total Deposits 3,783,890 3,671,977
Short-Term Borrowings 37,200 28,304
Subordinated Notes Payable 52,887 52,887
Other Long-Term Borrowings 794 794
Other Liabilities 73,887 75,653
Total Liabilities 3,948,658 3,829,615
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; 17,054,787 and 16,974,513 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 171 170
Additional Paid-In Capital 38,576 37,684
Retained Earnings 476,715 463,949
Accumulated Other Comprehensive Loss, net of tax (2,887) (6,486)
Total Shareowners' Equity 512,575 495,317
Total Liabilities and Shareowners' Equity $ 4,461,233 $ 4,324,932