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Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Cash and due from banks:    
Non-interest bearing $ 75,152,000 $ 76,498,000
Interest bearing 340,821,000 7,656,000
Federal funds sold 1,308,000 926,000
Cash and cash equivalents 417,281,000 85,080,000
Certificates of deposit investments 2,695,000 4,625,000
Investment securities:    
Available-for-sale, at fair value 879,240,000 685,636,000
Held-to-maturity, at amortized cost (estimated fair value of $5,119 and $69,572 at December 31, 2020 and 2019, respectively) 5,016,000 69,542,000
Equity securities, at fair value 218,000 412,000
Loans held for sale 1,924,000 1,820,000
Loans 3,136,495,000 2,693,527,000
Less allowance for credit losses (41,910,000) (26,911,000)
Net loans 3,094,585,000 2,666,616,000
Interest receivable 19,287,000 15,577,000
Other real estate owned 2,489,000 3,644,000
Premises and equipment, net 58,206,000 59,491,000
Goodwill, net 104,992,000 104,992,000
Intangible assets, net 23,128,000 28,265,000
Bank owned life insurance 68,955,000 67,225,000
Right of use asset 17,209,000 17,006,000
Other assets 31,123,000 29,495,000
Total assets 4,726,348,000 3,839,426,000
Deposits:    
Non-interest bearing 936,926,000 633,331,000
Interest bearing 2,755,858,000 2,284,035,000
Total deposits 3,692,784,000 2,917,366,000
Repurchase agreements with customers 206,937,000 208,109,000
Interest payable 2,345,000 2,261,000
FHLB borrowings 93,969,000 113,895,000
Other borrowings 0 5,000,000
Junior subordinated debentures, net 19,027,000 18,858,000
Subordinated debt, net 94,253,000 0
Lease liability 17,351,000 17,007,000
Other liabilities 31,454,000 30,321,000
Total liabilities 4,158,120,000 3,312,817,000
Stockholders’ Equity:    
Common stock, $4 par value; authorized 30,000,000 shares; issued 17,361,898 shares in 2020 and 17,287,882 shares in 2019; outstanding 16,741,207 shares in 2020 and 16,673,479 shares in 2019 71,449,000 71,152,000
Additional paid-in capital 297,806,000 295,925,000
Retained earnings 197,726,000 166,667,000
Deferred compensation 2,980,000 2,760,000
Accumulated other comprehensive income 17,095,000 8,360,000
Less treasury stock at cost, 620,691 shares in 2020 and 614,403 shares in 2019 (18,828,000) (18,255,000)
Total stockholders’ equity 568,228,000 526,609,000
Total liabilities and stockholders’ equity $ 4,726,348,000 $ 3,839,426,000