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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 24,757 $ 18,970
Interest-bearing deposits with banks 87,156 95,189
Cash and cash equivalents 111,913 114,159
Interest-bearing time deposits with banks 500 0
Debt securities available-for-sale, at fair value 753,163 843,524
Debt securities held-to-maturity (fair value of $450,313 at 2023 and $478,801 at 2022) 527,144 541,600
Equity securities with readily determinable fair value 3,106 3,029
Equity securities with no readily determinable fair value 2,300 1,977
Restricted stock, at cost 11,165 7,965
Loans held for sale 3,563 615
Loans, before allowance for credit losses 3,342,786 2,620,253
Allowance for credit losses (38,863) (25,333)
Loans, net of allowance for credit losses 3,303,923 2,594,920
Bank owned life insurance 23,747 7,557
Bank premises and equipment, net 64,713 50,469
Bank premises held for sale 35 235
Foreclosed assets 1,519 3,030
Goodwill 59,820 29,322
Intangible assets, net 21,402 1,070
Mortgage servicing rights, at fair value 20,156 10,147
Investments in unconsolidated subsidiaries 1,614 1,165
Accrued interest receivable 23,447 19,506
Other assets 58,538 56,444
Total assets 4,991,768 4,286,734
Deposits:    
Noninterest-bearing 1,086,877 994,954
Interest-bearing 3,111,191 2,592,070
Total deposits 4,198,068 3,587,024
Securities sold under agreements to repurchase 28,900 43,081
Federal Home Loan Bank advances 177,650 160,000
Subordinated notes 39,454 39,395
Junior subordinated debentures issued to capital trusts 52,774 37,780
Other liabilities 38,671 45,822
Total liabilities 4,535,517 3,913,102
COMMITMENTS AND CONTINGENCIES (Note 15)
Stockholders' Equity    
Preferred stock, $0.01 par value; 25,000,000 shares authorized; none issued or outstanding 0 0
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 31,774,140 at 2023 and 28,752,626 at 2022 327 293
Surplus 295,483 222,783
Retained earnings 256,050 232,004
Accumulated other comprehensive income (loss) (78,432) (71,759)
Treasury stock at cost, 956,558 shares at 2023 and 555,865 at 2022 (17,177) (9,689)
Total stockholders’ equity 456,251 373,632
Total liabilities and stockholders’ equity $ 4,991,768 $ 4,286,734