XML 11 R2.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 64,440,000 $ 41,100,000
Interest-bearing balances with other financial institutions 4,909,000 146,031,000
Federal funds sold 167,437,000 726,621,000
Total cash and cash equivalents 236,786,000 913,752,000
Investment securities held to maturity, at amortized cost (fair value $365,288 and $330,626) 399,032,000 329,257,000
Investment securities available for sale, at fair value 218,698,000 62,862,000
Equity securities available for sale, at fair value 454,000 500,000
Loans held for sale, at fair value 9,574,000 11,514,000
Loans and leases, net of unearned interest 3,180,033,000 3,104,396,000
Less: Allowance for loan and lease losses (16,876,000) (14,597,000)
Net loans and leases 3,163,157,000 3,089,799,000
Bank premises and equipment, net 33,732,000 33,232,000
Bank premises and equipment held for sale 2,574,000 3,907,000
Operating lease right of use asset 8,326,000 9,055,000
Finance lease right of use asset 2,997,000 3,087,000
Cash surrender value of life insurance 50,169,000 49,661,000
Restricted investment in bank stocks 4,234,000 9,134,000
Accrued interest receivable 12,902,000 11,328,000
Deferred income taxes 13,780,000 10,779,000
Goodwill 113,835,000 113,835,000
Core deposit and other intangibles, net 7,729,000 9,436,000
Foreclosed assets held for sale 69,000  
Other assets 32,115,000 28,287,000
Total Assets 4,310,163,000 4,689,425,000
LIABILITIES & SHAREHOLDERS’ EQUITY    
Deposits: Noninterest-bearing demand 850,180,000 850,438,000
Deposits: Interest-bearing demand 1,023,027,000 1,066,852,000
Deposits: Money Market 999,556,000 1,076,593,000
Deposits: Savings 354,677,000 381,476,000
Deposits: Time 475,147,000 626,657,000
Total Deposits 3,702,587,000 4,002,016,000
Long-term debt 4,592,000 81,270,000
Subordinated debt and trust preferred securities 73,995,000 74,274,000
Operating lease liability 10,324,000 11,363,000
Accrued interest payable 1,542,000 1,791,000
Other liabilities 21,288,000 28,635,000
Total Liabilities 3,814,328,000 4,199,349,000
Shareholders' Equity:    
Common stock, par value $1.00 per share; 20.0 million shares authorized; 16.1 million issued at June 30, 2022 and at December 31, 2021; 15.9 million outstanding at June 30, 2022 and 16.0 million at December 31, 2021 16,081,000 16,056,000
Additional paid-in capital 386,128,000 384,742,000
Retained earnings 108,265,000 91,043,000
Accumulated other comprehensive (loss) income (9,759,000) 158,000
Treasury stock, at cost; 202,364 shares at June 30, 2022 and 98,452 shares at December 31, 2021 (4,880,000) (1,923,000)
Total Shareholders’ Equity 495,835,000 490,076,000
Total Liabilities and Shareholders' Equity $ 4,310,163,000 $ 4,689,425,000