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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 18,970 $ 23,387
Interest-bearing deposits with banks 95,189 385,881
Cash and cash equivalents 114,159 409,268
Interest-bearing time deposits with banks   490
Debt securities available-for-sale, at fair value 843,524 942,168
Debt securities held-to-maturity (fair value of $478,801 in 2022 and $336,027 in 2021) 541,600 336,185
Equity securities with readily determinable fair value 3,029 3,443
Equity securities with no readily determinable fair value 1,977 1,927
Restricted stock, at cost 7,965 2,739
Loans held for sale 615 4,942
Loans, before allowance for loan losses 2,620,253 2,499,689
Allowance for loan losses (25,333) (23,936)
Loans, net of allowance for loan losses 2,594,920 2,475,753
Bank owned life insurance 7,557 7,393
Bank premises and equipment, net 50,469 52,483
Bank premises held for sale 235 1,452
Foreclosed assets 3,030 3,278
Goodwill 29,322 29,322
Core deposit intangible assets, net 1,070 1,943
Mortgage servicing rights, at fair value 10,147 7,994
Investments in unconsolidated subsidiaries 1,165 1,165
Accrued interest receivable 19,506 14,901
Other assets 56,444 17,408
Total assets 4,286,734 4,314,254
Deposits:    
Noninterest-bearing 994,954 1,087,659
Interest-bearing 2,592,070 2,650,526
Total deposits 3,587,024 3,738,185
Securities sold under agreements to repurchase 43,081 61,256
Federal Home Loan Bank advances 160,000 0
Subordinated notes 39,395 39,316
Junior subordinated debentures issued to capital trusts 37,780 37,714
Other liabilities 45,822 25,902
Total liabilities 3,913,102 3,902,373
COMMITMENTS AND CONTINGENCIES (Note 23)
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 28,752,626 at 2022 and 28,986,061 at 2021 293 293
Surplus 222,783 220,891
Retained earnings 232,004 194,132
Accumulated other comprehensive income (loss) (71,759) 1,471
Treasury stock at cost, 555,865 shares at 2022 and 290,486 at 2021 (9,689) (4,906)
Total stockholders' equity 373,632 411,881
Total liabilities and stockholders' equity $ 4,286,734 $ 4,314,254