XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 25,478 $ 23,387
Interest-bearing deposits with banks 134,553 385,881
Cash and cash equivalents 160,031 409,268
Interest-bearing time deposits with banks   490
Debt securities available-for-sale, at fair value 924,706 942,168
Debt securities held-to-maturity (fair value of $510,152 in 2022 and $336,027 in 2021) 548,236 336,185
Equity securities with readily determinable fair value 3,103 3,443
Equity securities with no readily determinable fair value 1,952 1,927
Restricted stock, at cost 2,813 2,739
Loans held for sale 5,312 4,942
Loans, before allowance for loan losses 2,451,826 2,499,689
Allowance for loan losses (24,734) (23,936)
Loans, net of allowance for loan losses 2,427,092 2,475,753
Bank owned life insurance 7,474 7,393
Bank premises and equipment, net 51,433 52,483
Bank premises held for sale 319 1,452
Foreclosed assets 2,891 3,278
Goodwill 29,322 29,322
Core deposit intangible assets, net 1,453 1,943
Mortgage servicing rights, at fair value 10,089 7,994
Investments in unconsolidated subsidiaries 1,165 1,165
Accrued interest receivable 14,263 14,901
Other assets 32,324 17,408
Total assets 4,223,978 4,314,254
Deposits:    
Noninterest-bearing 1,028,790 1,087,659
Interest-bearing 2,673,196 2,650,526
Total deposits 3,701,986 3,738,185
Securities sold under agreements to repurchase 51,091 61,256
Subordinated notes 39,356 39,316
Junior subordinated debentures issued to capital trusts 37,747 37,714
Other liabilities 19,989 25,902
Total liabilities 3,850,169 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 28,831,197 at 2022 and 28,986,061 at 2021 293 293
Surplus 222,087 220,891
Retained earnings 212,506 194,132
Accumulated other comprehensive income (loss) (52,820) 1,471
Treasury stock at cost, 477,294 shares at 2022 and 290,486 at 2021 (8,257) (4,906)
Total stockholders' equity 373,809 411,881
Total liabilities and stockholders' equity $ 4,223,978 $ 4,314,254