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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 35,244 $ 18,970
Interest-bearing deposits with banks 141,868 95,189
Cash and cash equivalents 177,112 114,159
Interest-bearing time deposits with banks 249  
Debt securities available-for-sale, at fair value (allowance for credit losses of $600 at 2023) 854,622 843,524
Debt securities held-to-maturity (fair value of $481,925 at 2023 and $478,801 at 2022) 536,429 541,600
Equity securities with readily determinable fair value 3,145 3,029
Equity securities with no readily determinable fair value 1,980 1,977
Restricted stock, at cost 4,991 7,965
Loans held for sale 5,130 615
Loans, before allowance for credit losses 3,195,540 2,620,253
Allowance for credit losses (38,776) (25,333)
Loans, net of allowance for credit losses 3,156,764 2,594,920
Bank owned life insurance 23,447 7,557
Bank premises and equipment, net 65,119 50,469
Bank premises held for sale 235 235
Foreclosed assets 3,356 3,030
Goodwill 59,876 29,322
Intangible assets, net 22,842 1,070
Mortgage servicing rights, at fair value 19,992 10,147
Investments in unconsolidated subsidiaries 1,614 1,165
Accrued interest receivable 20,301 19,506
Other assets 56,617 56,444
Total assets 5,013,821 4,286,734
Deposits:    
Noninterest-bearing 1,218,888 994,954
Interest-bearing 3,091,633 2,592,070
Total deposits 4,310,521 3,587,024
Securities sold under agreements to repurchase 34,919 43,081
Federal Home Loan Bank advances 75,183 160,000
Subordinated notes 39,415 39,395
Junior subordinated debentures issued to capital trusts 52,746 37,780
Other liabilities 50,939 45,822
Total liabilities 4,563,723 3,913,102
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 32,730,698 at 2023 and 29,308,491 at 2022; shares outstanding of 32,095,370 at 2023 and 28,752,626 at 2022 327 293
Surplus 294,441 222,783
Retained earnings 228,782 232,004
Accumulated other comprehensive income (loss) (62,175) (71,759)
Treasury stock at cost, 635,328 shares at 2023 and 555,865 at 2022 (11,277) (9,689)
Total stockholders' equity 450,098 373,632
Total liabilities and stockholders' equity $ 5,013,821 $ 4,286,734