XML 11 R2.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
[1]
Assets    
Cash and due from banks $ 71,666 $ 63,044
Federal funds sold 40,204 105,636
Interest-bearing deposits in banks 1,527 2,166
Total cash and cash equivalents 113,397 170,846
Debt securities available for sale 275,332 300,349
Loans held for investment, net of unearned income 2,593,472 2,400,197
Allowance for credit losses (36,031) (30,556)
Loans held for investment, net 2,557,441 2,369,641
Premises and equipment, net 51,205 47,340
Other real estate owned 243 703
Interest receivable 10,428 9,279
Goodwill 143,946 129,565
Other intangible assets 15,681 4,176
Other assets 116,552 103,673
Total assets 3,284,225 3,135,572
Liabilities    
Noninterest-bearing 944,301 872,168
Interest-bearing 1,801,835 1,806,647
Total deposits 2,746,136 2,678,815
Securities sold under agreements to repurchase 1,029 1,874
Interest, taxes, and other liabilities 41,393 32,898
Total liabilities 2,788,558 2,713,587
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; 27,502,121 shares issued and 18,671,470 outstanding at September 30, 2023; 24,477,471 shares issued and 16,225,399 outstanding at December 31, 2022 18,671 16,225
Additional paid-in capital 180,951 128,508
Retained earnings 313,489 292,971
Accumulated other comprehensive loss (17,444) (15,719)
Total stockholders' equity 495,667 421,985
Total liabilities and stockholders' equity $ 3,284,225 $ 3,135,572
[1] Derived from audited financial statements