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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 46,332 $ 51,524
Interest-bearing deposits 29,444 67,827
Cash and cash equivalents 75,776 119,351
Securities held to maturity, at amortized cost ($74,888 and $43,770 fair value at September 30, 2023 and December 31, 2022, respectively) 77,154 45,097
Securities available for sale, at fair value ($205,602 and $325,960 amortized cost at September 30, 2023 and December 31, 2022, respectively) 179,046 304,637
Loans held for sale 1,155 648
Loans 3,355,549 2,893,978
Allowance for credit losses - loans ("ACL-Loans") (43,404) (22,680)
Loans, net 3,312,145 2,871,298
Premises and equipment, net 70,994 56,448
Goodwill 175,106 110,206
Other investments 21,542 16,495
Cash value of life insurance 60,889 46,050
Core deposit intangibles, net 28,599 16,829
Mortgage servicing rights ("MSR") 13,733 9,582
Other real estate owned ("OREO") 1,844 2,520
Investment in minority-owned subsidiaries 46,203 44,180
Other assets 23,333 17,091
TOTAL ASSETS 4,087,519 3,660,432
Deposits:    
Interest-bearing deposits 2,333,452 2,126,137
Noninterest-bearing deposits 1,064,841 934,092
Total deposits 3,398,293 3,060,229
Securities sold under repurchase agreements 17,191 97,196
Notes payable 35,847 1,929
Subordinated notes 23,500 23,500
Junior subordinated notes 10,972  
Other liabilities 24,387 24,475
Total liabilities 3,510,190 3,207,329
Stockholders' equity:    
Serial preferred stock - $0.01 par value; Authorized - 5,000,000 shares
Common stock - $0.01 par value; Authorized - 20,000,000 shares; Issued - 11,515,130 and 10,064,858 shares as of September 30, 2023 and December 31, 2022, respectively; Outstanding - 10,379,071 and 9,021,697 shares as of September 30, 2023 and December 31, 2022, respectively 115 101
Additional paid-in capital 333,254 218,263
Retained earnings 316,212 295,496
Treasury stock, at cost - 1,136,059 and 1,043,161 shares as of September 30, 2023 and December 31, 2022, respectively (52,497) (45,191)
Accumulated other comprehensive loss (19,755) (15,566)
Total stockholders' equity 577,329 453,103
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 4,087,519 $ 3,660,432