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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 30,761 $ 23,387
Interest-bearing deposits with banks 328,218 385,881
Cash and cash equivalents 358,979 409,268
Interest-bearing time deposits with banks 487 490
Debt securities available-for-sale, at fair value 933,922 942,168
Debt securities held-to-maturity (fair value of $416,603 in 2022 and $336,027 in 2021) 438,054 336,185
Equity securities with readily determinable fair value 3,256 3,443
Equity securities with no readily determinable fair value 1,927 1,927
Restricted stock, at cost 2,739 2,739
Loans held for sale 1,777 4,942
Loans, before allowance for loan losses 2,487,785 2,499,689
Allowance for loan losses (24,508) (23,936)
Loans, net of allowance for loan losses 2,463,277 2,475,753
Bank owned life insurance 7,433 7,393
Bank premises and equipment, net 52,005 52,483
Bank premises held for sale 1,081 1,452
Foreclosed assets 3,043 3,278
Goodwill 29,322 29,322
Core deposit intangible assets, net 1,698 1,943
Mortgage servicing rights, at fair value 9,723 7,994
Investments in unconsolidated subsidiaries 1,165 1,165
Accrued interest receivable 13,527 14,901
Other assets 25,550 17,408
Total assets 4,348,965 4,314,254
Deposits:    
Noninterest-bearing 1,069,231 1,087,659
Interest-bearing 2,746,838 2,650,526
Total deposits 3,816,069 3,738,185
Securities sold under agreements to repurchase 50,834 61,256
Subordinated notes 39,336 39,316
Junior subordinated debentures issued to capital trusts 37,731 37,714
Other liabilities 21,840 25,902
Total liabilities 3,965,810 3,902,373
COMMITMENTS AND CONTINGENCIES (Note 14)
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 29,308,491 at 2022 and 29,276,547 at 2021; shares outstanding of 28,967,943 at 2022 and 28,986,061 at 2021 293 293
Surplus 221,735 220,891
Retained earnings 203,076 194,132
Accumulated other comprehensive income (loss) (36,100) 1,471
Treasury stock at cost, 340,548 shares at 2022 and 290,486 at 2021 (5,849) (4,906)
Total stockholders' equity 383,155 411,881
Total liabilities and stockholders' equity $ 4,348,965 $ 4,314,254