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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 90,399,000 $ 91,120,000
Interest earning deposits 72,158,000 110,633,000
Federal funds sold 24,550,000 0
Total cash and cash equivalents 187,107,000 201,753,000
Securities AFS, at estimated fair value (amortized cost of $2,117,597 and $2,655,594, respectively) 2,065,984,000 2,764,325,000
Securities HTM (estimated fair value of $462,621 and $95,235, respectively) 474,319,000 90,780,000
FHLB stock, at cost 3,757,000 14,375,000
Equity investments 11,475,000 11,841,000
Loans held for sale 1,576,000 1,684,000
Loans:    
Loans 3,800,916,000 3,645,162,000
Less: Allowance for loan losses (35,524,000) (35,273,000)
Net loans 3,765,392,000 3,609,889,000
Premises and equipment, net 142,880,000 142,509,000
Operating lease ROU assets 14,751,000 15,073,000
Goodwill 201,116,000 201,116,000
Other intangible assets, net 6,273,000 6,895,000
Interest receivable 28,367,000 39,145,000
Deferred tax asset, net 19,116,000 0
Unsettled trades to sell securities 47,019,000 0
BOLI 131,923,000 131,232,000
Other assets 18,060,000 28,985,000
Total assets 7,119,115,000 7,259,602,000
Deposits:    
Noninterest bearing 1,630,056,000 1,644,775,000
Interest bearing 4,440,343,000 4,077,552,000
Total deposits 6,070,399,000 5,722,327,000
Other borrowings 30,196,000 23,219,000
FHLB borrowings 3,871,000 344,038,000
Subordinated notes, net of unamortized debt issuance costs [1] 98,569,000 98,534,000
Trust preferred subordinated debentures, net of unamortized debt issuance costs 60,261,000 60,260,000
Deferred tax liability, net 0 17,808,000
Unsettled trades to purchase securities 2,053,000 18,995,000
Operating lease liabilities 16,388,000 16,676,000
Other liabilities 53,137,000 45,573,000
Total liabilities 6,334,874,000 6,347,430,000
Off-balance-sheet arrangements, commitments and contingencies (Note 12)
Shareholders’ equity:    
Common stock:  ($1.25 par value, 80,000,000 shares authorized, 37,976,640 shares issued at March 31, 2022 and 37,968,969 shares issued at December 31, 2021) 47,471,000 47,461,000
Paid-in capital 781,814,000 780,501,000
Retained earnings 193,739,000 179,813,000
Treasury stock: (shares at cost, 5,682,651 at March 31, 2022 and 5,616,917 at December 31, 2021) (158,512,000) (155,308,000)
AOCI (80,271,000) 59,705,000
Total shareholders’ equity 784,241,000 912,172,000
Total liabilities and shareholders’ equity $ 7,119,115,000 $ 7,259,602,000
[1] This debt consists of subordinated notes with a remaining maturity greater than one year that qualify under the risk-based capital guidelines as Tier 2 capital, subject to certain limitations.