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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 22,976 $ 24,912
Interest-bearing deposits with banks 406,760 287,539
Cash and cash equivalents 429,736 312,451
Debt securities available-for-sale, at fair value 856,835 922,869
Debt securities held-to-maturity (fair value of $195,608 in 2021 and $72,441 in 2020) 192,994 68,395
Equity securities with readily determinable fair value 3,332 3,292
Equity securities with no readily determinable fair value 1,552 1,552
Restricted stock, at cost 2,498 2,498
Loans held for sale 12,882 14,713
Loans, net of allowance for loan losses of $28,759 in 2021 and $31,838 in 2020 2,241,946 2,215,168
Bank premises and equipment, net 52,548 52,904
Bank premises held for sale 121 121
Foreclosed assets 4,748 4,168
Goodwill 23,620 23,620
Core deposit intangible assets, net 2,509 2,798
Mortgage servicing rights, at fair value 7,629 5,934
Investments in unconsolidated subsidiaries 1,165 1,165
Accrued interest receivable 12,718 14,255
Other assets 18,781 20,664
Total assets 3,865,614 3,666,567
Deposits:    
Noninterest-bearing 968,991 882,939
Interest-bearing 2,386,975 2,247,595
Total deposits 3,355,966 3,130,534
Securities sold under agreements to repurchase 41,976 45,736
Subordinated notes 39,257 39,238
Junior subordinated debentures issued to capital trusts 37,665 37,648
Other liabilities 33,344 49,494
Total liabilities 3,508,208 3,302,650
COMMITMENTS AND CONTINGENCIES (Notes 7 and 18)
Stockholders' Equity    
Preferred stock, $0.01 par value; 25,000,000 shares authorized; none issued or outstanding
Common stock, $0.01 par value; 125,000,000 shares authorized; shares issued of 27,477,531 in 2021 and 27,457,306 in 2020; shares outstanding of 27,382,069 in 2021 and 27,457,306 in 2020 275 275
Surplus 191,004 190,875
Retained earnings 165,735 154,614
Accumulated other comprehensive income 1,906 18,153
Treasury stock at cost, 95,462 shares in 2021 (1,514)  
Total stockholders' equity 357,406 363,917
Total liabilities and stockholders' equity $ 3,865,614 $ 3,666,567