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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 76,018 $ 41,100
Interest-bearing balances with other financial institutions 4,520 146,031
Federal funds sold 14,140 726,621
Total cash and cash equivalents 94,678 913,752
Investment securities held to maturity, at amortized cost (fair value $346,625 and $330,626) 402,142 329,257
Available-for-sale investment securities 242,195 62,862
Equity securities available for sale, at fair value 428 500
Loans held for sale, at fair value 5,997 11,514
Loans and leases, net of unearned interest 3,322,457 3,104,396
Less: Allowance for loan and lease losses (18,480) (14,597)
Net loans and leases 3,303,977 3,089,799
Bank premises and equipment, net 33,854 33,232
Bank premises and equipment held for sale 2,262 3,907
Operating lease right of use asset 8,352 9,055
Finance lease right of use asset 2,952 3,087
Cash surrender value of life insurance 50,419 49,661
Restricted investment in bank stocks 4,595 9,134
Accrued interest receivable 15,861 11,328
Deferred income taxes 16,093 10,779
Goodwill 113,871 113,835
Core deposit and other intangibles, net 7,215 9,436
Foreclosed assets held for sale 49 0
Other assets 28,963 28,287
Total Assets 4,333,903 4,689,425
Deposits:    
Noninterest-bearing demand 863,037 850,438
Interest-bearing demand 1,103,000 1,066,852
Money Market 966,913 1,076,593
Savings 344,359 381,476
Time 452,287 626,657
Total Deposits 3,729,596 4,002,016
Long-term debt 4,501 81,270
Subordinated debt and trust preferred securities 66,357 74,274
Operating lease liability 10,261 11,363
Accrued interest payable 1,841 1,791
Other liabilities 22,242 28,635
Total Liabilities 3,834,798 4,199,349
Shareholders' Equity:    
Common stock, par value $1.00 per share; 20.0 million shares authorized; 16.1 million issued at September 30, 2022 and at December 31, 2021; 15.9 million outstanding at September 30, 2022 and 16.0 million at December 31, 2021 16,091 16,056
Additional paid-in capital 386,452 384,742
Retained earnings 120,572 91,043
Accumulated other comprehensive (loss) income (19,130) 158
Treasury stock, at cost; 208,343 shares at September 30, 2022 and 98,452 shares at December 31, 2021 (4,880) (1,923)
Total Shareholders’ Equity 499,105 490,076
Total Liabilities and Shareholders' Equity $ 4,333,903 $ 4,689,425