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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 49,897 $ 44,368
Interest bearing deposits with other banks 687,153 488,326
Total cash and cash equivalents 737,050 532,694
Securities available for sale 732,793 584,908
Trading securities 9,941 6,649
Loans held for sale 3,415 8,514
Loans 3,511,125 3,371,789
Less: allowance for credit losses (37,230) (34,340)
Net loans 3,473,895 3,337,449
FHLB, other equity, and restricted equity interests 22,259 21,018
Premises and equipment, net 61,284 60,064
Operating lease assets 19,652 18,407
Bank owned life insurance 99,083 76,471
Mortgage servicing rights 1,661 1,527
Goodwill 43,749 43,749
Core deposit intangible 485 567
Accrued interest receivable and other assets 41,019 37,382
Total Assets 5,246,286 4,729,399
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Non-interest bearing demand deposits 774,851 627,114
Interest bearing demand deposits 1,031,488 951,903
Savings 2,350,266 2,126,183
Certificates of deposit 437,023 476,544
Total deposits 4,593,628 4,181,744
Subordinated notes and debentures 154,212 70,620
Operating lease liabilities 20,847 19,449
Accrued interest payable and other liabilities 39,910 41,449
Total liabilities 4,808,597 4,313,262
Preferred stock, Series A non-cumulative perpetual, $0 par value; $1,000 liquidation preference; authorized 60,375 shares; issued 60,375 shares at September 30, 2021 and December 31, 2020, respectively 57,785 57,785
Common stock, $0 par value; authorized 50,000,000 shares; issued 16,978,057 shares at September 30, 2021 and December 31, 2020, respectively 0 0
Additional paid in capital 127,124 127,518
Retained earnings 249,978 218,727
Treasury stock, at cost (88,363 and 145,049 shares for September 30, 2021 and December 31, 2020, respectively) (1,535) (2,967)
Accumulated other comprehensive income (loss) 4,337 15,074
Total shareholders’ equity 437,689 416,137
Total Liabilities and Shareholders’ Equity $ 5,246,286 $ 4,729,399