Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and Due From Banks $ 83,118 $ 72,114
Federal Funds Sold and Interest Bearing Deposits 228,949 528,536
Total Cash and Cash Equivalents 312,067 600,650
Investment Securities, Available for Sale, at fair value (amortized cost of $367,747 and $455,232) 337,902 413,294
Investment Securities, Held to Maturity (fair value of $591,751 and $612,701) 625,022 660,744
Equity Securities 3,450 10
Total Investment Securities 966,374 1,074,048
Loans Held For Sale, at fair value 28,211 26,909
Loans, Held for Investment 2,733,918 2,547,685
Allowance for Credit Losses (29,941) (25,068)
Loans Held for Investment, Net 2,703,977 2,522,617
Premises and Equipment, Net 81,266 82,138
Goodwill and Other Intangibles 92,933 93,093
Other Real Estate Owned 1 431
Other Assets 119,648 119,337
Total Assets 4,304,477 4,519,223
Deposits [Abstract]    
Noninterest Bearing Deposits 1,377,934 1,653,620
Interest Bearing Deposits 2,323,888 2,285,697
Total Deposits 3,701,822 3,939,317
Short-Term Borrowings 35,341 56,793
Subordinated Notes Payable 52,887 52,887
Other Long-Term Borrowings 315 513
Other Liabilities 66,080 73,675
Total Liabilities 3,856,445 4,123,185
Temporary Equity 7,407 8,757
SHAREOWNERS' EQUITY    
Preferred Stock, $.01 par value; 3,000,000 shares authorized; no shares issued and outstanding
Common Stock, $.01 par value; 90,000,000 shares authorized;16,950,222 and 16,986,785 shares issued and outstanding at December 31, 2023 and 2022, respectively 170 170
Additional Paid-In Capital 36,326 37,331
Retained Earnings 426,275 387,009
Accumulated Other Comprehensive Loss, Net of Tax (22,146) (37,229)
Total Shareowners' Equity 440,625 387,281
Total Liabilities, Temporary Equity, and Shareowners' Equity $ 4,304,477 $ 4,519,223