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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 26,256,000 $ 18,970,000
Interest-bearing deposits with banks 114,996,000 95,189,000
Cash and cash equivalents 141,252,000 114,159,000
Interest-bearing time deposits with banks 509,000 0
Debt securities available-for-sale, at fair value 759,461,000 843,524,000
Debt securities held-to-maturity (fair value of $466,496 at 2023 and $478,801 at 2022) 521,439,000 541,600,000
Equity securities with readily determinable fair value 3,360,000 3,029,000
Equity securities with no readily determinable fair value 2,505,000 1,977,000
Restricted stock, at cost 7,160,000 7,965,000
Loans held for sale 2,318,000 615,000
Loans, before allowance for credit losses 3,404,417,000 2,620,253,000
Allowance for credit losses (40,048,000) (25,333,000)
Loans, net of allowance for credit losses 3,364,369,000 2,594,920,000
Bank owned life insurance 23,905,000 7,557,000
Bank premises and equipment, net 65,150,000 50,469,000
Bank premises held for sale 0 235,000
Foreclosed assets 852,000 3,030,000
Goodwill 59,820,000 29,322,000
Intangible assets, net 20,682,000 1,070,000
Mortgage servicing rights, at fair value 19,001,000 10,147,000
Investments in unconsolidated subsidiaries 1,614,000 1,165,000
Accrued interest receivable 24,534,000 19,506,000
Other assets 55,239,000 56,444,000
Total assets 5,073,170,000 4,286,734,000
Deposits:    
Noninterest-bearing 1,072,407,000 994,954,000
Interest-bearing 3,329,030,000 2,592,070,000
Total deposits 4,401,437,000 3,587,024,000
Securities sold under agreements to repurchase 42,442,000 43,081,000
Federal Home Loan Bank advances 12,623,000 160,000,000
Subordinated notes 39,474,000 39,395,000
Junior subordinated debentures issued to capital trusts 52,789,000 37,780,000
Other liabilities 34,909,000 45,822,000
Total liabilities 4,583,674,000 3,913,102,000
COMMITMENTS AND CONTINGENCIES (Note 22)
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 31,695,828 at 2023 and 28,752,626 at 2022 327,000 293,000
Surplus 295,877,000 222,783,000
Retained earnings 269,051,000 232,004,000
Accumulated other comprehensive income (loss) (57,163,000) (71,759,000)
Treasury stock at cost, 1,034,870 shares at 2023 and 555,865 at 2022 (18,596,000) (9,689,000)
Total stockholders’ equity 489,496,000 373,632,000
Total liabilities and stockholders’ equity $ 5,073,170,000 $ 4,286,734,000