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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Cash and due from banks:    
Non-interest bearing $ 151,845,000 $ 138,412,000
Interest bearing 9,391,000 6,394,000
Federal funds sold 7,898,000 7,627,000
Cash and cash equivalents 169,134,000 152,433,000
Certificates of deposit 1,715,000 1,470,000
Investment securities:    
Available-for-sale, at fair value (amortized cost of $1,406,923 and $1,432,372 at March 31, 2023 and December 31, 2022, respectively) 1,212,698,000 1,218,985,000
Held-to-maturity, at amortized cost (estimated fair value of $2,979 and $2,954 at March 31, 2023 and December 31, 2022, respectively) 2,979,000 2,954,000
Equity securities, at fair value 362,000 311,000
Loans held for sale 999,000 338,000
Loans 4,759,632,000 4,825,874,000
Less allowance for credit losses (58,223,000) (59,093,000)
Net loans 4,701,409,000 4,766,781,000
Interest receivable 28,729,000 28,357,000
Other real estate owned 4,024,000 4,261,000
Premises and equipment, net 90,178,000 90,473,000
Goodwill 140,412,000 140,412,000
Intangible assets, net 27,961,000 29,485,000
Bank owned life insurance 151,366,000 151,756,000
Right of use lease assets 15,092,000 15,774,000
'Deferred tax asset, net 66,698,000 72,254,000
Other assets 69,094,000 68,171,000
Total assets 6,682,850,000 6,744,215,000
Deposits:    
Non-interest bearing 1,262,181,000 1,256,514,000
Interest bearing 3,768,597,000 4,000,487,000
Total deposits 5,030,778,000 5,257,001,000
Securities sold under agreements to repurchase 228,664,000 221,414,000
Interest payable 4,732,000 3,346,000
FHLB borrowings 595,021,000 465,071,000
Junior subordinated debentures, net 19,406,000 19,364,000
Subordinated debt, net 94,593,000 94,553,000
Lease liabilities 15,353,000 16,035,000
Other liabilities 32,438,000 34,276,000
Total liabilities 6,020,985,000 6,111,060,000
Stockholders’ equity:    
Common stock ($4 par value; authorized 30,000,000 shares; issued 21,158,977 and 21,091,466 shares in 2023 and 2022, respectively; outstanding 20,519,717 and 20,452,376 shares in 2023 and 2022, respectively) 86,636,000 86,366,000
Additional paid-in capital 428,283,000 427,001,000
Retained earnings 303,768,000 289,284,000
Deferred compensation 963,000 2,064,000
Accumulated other comprehensive loss (137,901,000) (151,507,000)
Less treasury stock, at cost (639,260 shares in 2023 and 639,090 shares in 2022) (19,884,000) (20,053,000)
Total stockholders’ equity 661,865,000 633,155,000
Total liabilities and stockholders’ equity $ 6,682,850,000 $ 6,744,215,000