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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 111,099,000 $ 91,120,000
Interest earning deposits 12,910,000 110,633,000
Federal funds sold 48,280,000 0
Total cash and cash equivalents 172,289,000 201,753,000
Securities available for sale, at estimated fair value 1,733,354,000 2,764,325,000
Securities HTM (estimated fair value of $969,807 and $95,235, respectively) 1,083,672,000 90,780,000
FHLB stock, at cost 13,726,000 14,375,000
Equity investments 11,282,000 11,841,000
Loans held for sale 815,000 1,684,000
Loans:    
Loans 3,963,041,000 3,645,162,000
Less: Allowance for loan losses (35,449,000) (35,273,000)
Net loans 3,927,592,000 3,609,889,000
Premises and equipment, net 142,772,000 142,509,000
Operating lease ROU assets 14,427,000 15,073,000
Goodwill 201,116,000 201,116,000
Other intangible assets, net 5,687,000 6,895,000
Interest receivable 41,539,000 39,145,000
Deferred tax asset, net 34,458,000 0
Unsettled trades to sell securities 72,001,000 0
BOLI 132,675,000 131,232,000
Other assets 18,656,000 28,985,000
Total assets 7,606,061,000 7,259,602,000
Deposits:    
Noninterest bearing 1,735,488,000 1,644,775,000
Interest bearing 4,512,921,000 4,077,552,000
Total deposits 6,248,409,000 5,722,327,000
Other borrowings 58,478,000 23,219,000
FHLB borrowings 153,701,000 344,038,000
Subordinated notes, net of unamortized debt issuance costs [1] 98,604,000 98,534,000
Trust preferred subordinated debentures, net of unamortized debt issuance costs 60,262,000 60,260,000
Deferred tax liability, net 0 17,808,000
Unsettled trades to purchase securities 174,038,000 18,995,000
Operating lease liabilities 16,096,000 16,676,000
Other liabilities 64,691,000 45,573,000
Total liabilities 6,874,279,000 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, 37,984,357 shares issued at June 30, 2022 and 37,968,969 shares issued at December 31, 2021) 47,481,000 47,461,000
Paid-in capital 782,511,000 780,501,000
Retained earnings 208,171,000 179,813,000
Treasury stock: (shares at cost, 5,876,390 at June 30, 2022 and 5,616,917 at December 31, 2021) (167,046,000) (155,308,000)
AOCI (139,335,000) 59,705,000
Total shareholders’ equity 731,782,000 912,172,000
Total liabilities and shareholders’ equity $ 7,606,061,000 $ 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.