XML 19 R2.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 82,515 $ 62,304
Federal funds sold and interest bearing due from banks 84,852 898,888
Total cash and cash equivalents 167,367 961,192
Mortgage loans held for sale, at fair value 2,606 8,614
Available for sale debt securities (amortized cost of $1,297,977 in 2022 and $1,190,379 in 2021, respectively) 1,144,617 1,180,298
Held to maturity debt securities (fair value of $431,833 in 2022 and $0 in 2021, respectively) 473,217 0
Federal Home Loan Bank stock, at cost 10,928 9,376
Loans [1] 5,205,918 4,169,303
Allowance for credit losses on loans 73,531 53,898
Net loans 5,132,387 4,115,405
Premises and equipment, net 101,612 76,894
Premises held for sale 2,644 0
Bank owned life insurance 84,674 53,073
Accrued interest receivable 22,157 13,745
Goodwill 194,074 135,830
Other assets 134,988 86,002
Total assets 7,496,261 6,646,025
Liabilities    
Non-interest bearing 1,950,198 1,755,754
Interest bearing 4,441,054 4,031,760
Total deposits 6,391,252 5,787,514
Securities sold under agreements to repurchase 133,342 75,466
Federal funds purchased 8,789 10,374
Subordinated debentures 26,343 0
Federal Home Loan Bank advances 50,000 0
Accrued interest payable 660 300
Other liabilities 125,443 96,502
Total liabilities 6,735,829 5,970,156
Commitments and contingent liabilities (Footnote 21)
Stockholders’ equity    
Preferred stock, no par value. Authorized 1,000,000 shares; no shares issued or outstanding 0 0
Common stock, no par value. Authorized 40,000,000 shares; issued and outstanding 29,259,000 and 26,596,000 shares in 2022 and 2021, respectively 58,367 49,501
Additional paid-in capital 377,703 243,107
Retained earnings 439,898 391,201
Accumulated other comprehensive loss (115,536) (7,940)
Total stockholders’ equity 760,432 675,869
Total liabilities and equity 7,496,261 6,646,025
Core Deposits [Member]    
Assets    
Intangible 14,958 5,596
Customer Lists [Member]    
Assets    
Intangible $ 10,032 $ 0
[1] Total loans are presented inclusive of premiums, discounts and net loan origination fees and costs.