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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 47,067 $ 58,404
Federal funds sold 627,036 395,756
Interest-bearing deposits in banks 3,336 2,401
Total cash and cash equivalents 677,439 456,561
Debt securities available for sale 76,292 83,358
Loans held for investment, net of unearned income 2,165,569 2,186,632
Allowance for credit/loan losses (1) [1] (27,858) (26,182)
Loans held for investment, net 2,137,711 2,160,450
Premises and equipment, net 52,284 57,700
Other real estate owned 1,015 2,083
Interest receivable 7,900 9,052
Goodwill 129,565 129,565
Other intangible assets 5,622 7,069
Other assets 106,691 105,298
Total assets 3,194,519 3,011,136
Liabilities    
Noninterest-bearing deposits 842,783 772,795
Interest-bearing deposits 1,886,608 1,773,452
Total deposits 2,729,391 2,546,247
Securities sold under agreements to repurchase 1,536 964
Interest, taxes, and other liabilities 35,817 37,195
Total liabilities 2,766,744 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; 23,971,347 issued and 16,878,220 outstanding at December 31, 2021; 24,319,076 shares issued and 17,722,507 shares outstanding at December 31, 2020 16,878 17,723
Additional paid-in capital 147,619 173,345
Retained earnings 264,824 237,585
Accumulated other comprehensive loss (1,546) (1,923)
Total stockholders' equity 427,775 426,730
Total liabilities and stockholders' equity $ 3,194,519 $ 3,011,136
[1] Effective January 1, 2021, the Company adopted the current expected credit loss methodology ("CECL"), prior to January 1, 2021, the Company utilized the incurred credit loss methodology.