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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and due from financial institutions $ 411,858 $ 253,459
Restricted cash 840 10,780
Cash and cash equivalents 412,698 264,239
Investments in time deposits 1,728 1,730
Securities available for sale 552,377 559,874
Equity securities 1,122 1,072
Loans held for sale 4,794 1,972
Loans, net of allowance of $27,033 and $26,641 1,991,155 1,971,238
Other securities 18,511 17,011
Premises and equipment, net 22,110 22,445
Accrued interest receivable 7,738 7,385
Goodwill 76,851 76,851
Other intangible assets, net 7,400 7,581
Bank owned life insurance 46,885 46,641
Swap assets 6,852 11,072
Other assets 34,136 23,794
Total assets 3,184,357 3,012,905
Deposits    
Noninterest-bearing 987,347 788,906
Interest-bearing 1,627,790 1,627,795
Total deposits 2,615,137 2,416,701
Long-term Federal Home Loan Bank advances 75,000 75,000
Securities sold under agreements to repurchase 23,931 25,495
Subordinated debentures 103,704 103,735
Swap liabilities 6,852 11,072
Accrued expenses and other liabilities 32,041 25,690
Total liabilities 2,856,665 2,657,693
SHAREHOLDERS’ EQUITY    
Common shares, no par value, 40,000,000 shares authorized, 17,741,358 shares issued at March 31, 2022 and 17,709,584 shares issued at December 31, 2021, including Treasury shares 277,919 277,741
Retained earnings 131,934 125,558
Treasury shares, 2,944,144 common shares at March 31, 2022 and 2,755,384 common shares at December 31, 2021, at cost (61,472) (56,907)
Accumulated other comprehensive income (loss) (20,689) 8,820
Total shareholders’ equity 327,692 355,212
Total liabilities and shareholders’ equity $ 3,184,357 $ 3,012,905