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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
[1]
Assets    
Cash and due from banks $ 54,863 $ 58,404
Federal funds sold 570,486 395,756
Interest-bearing deposits in banks 3,396 2,401
Total cash and cash equivalents 628,745 456,561
Debt securities available for sale 87,643 83,358
Loans held for investment, net of unearned income (includes covered loans of $9,041 and $9,680, respectively) 2,146,640 2,186,632
Allowance for credit losses (34,563) (26,182)
Loans held for investment, net 2,112,077 2,160,450
FDIC indemnification asset 946 1,223
Premises and equipment, net 57,371 57,700
Other real estate owned 1,740 2,083
Interest receivable 8,724 9,052
Goodwill 129,565 129,565
Other intangible assets 6,712 7,069
Other assets 106,543 104,075
Total assets 3,140,066 3,011,136
Liabilities    
Noninterest-bearing 824,576 772,795
Interest-bearing 1,848,524 1,773,452
Total deposits 2,673,100 2,546,247
Securities sold under agreements to repurchase 1,519 964
Interest, taxes, and other liabilities 39,448 37,195
Total liabilities 2,714,067 2,584,406
Stockholders' equity    
Preferred stock, undesignated par value; 1,000,000 shares authorized; Series A Noncumulative Convertible Preferred Stock, $0.01 par value; 25,000 shares authorized; none outstanding 0 0
Common stock, $1 par value; 50,000,000 shares authorized; 24,376,278 shares issued and 17,592,009 outstanding at March 31, 2021; 24,319,076 shares issued and 17,722,507 outstanding at December 31, 2020 17,592 17,723
Additional paid-in capital 169,173 173,345
Retained earnings 241,889 237,585
Accumulated other comprehensive loss (2,655) (1,923)
Total stockholders' equity 425,999 426,730
Total liabilities and stockholders' equity $ 3,140,066 $ 3,011,136
[1] Derived from audited financial statements