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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and due from financial institutions $ 40,914 $ 253,459
Restricted cash   10,780
Cash and cash equivalents 40,914 264,239
Investments in time deposits 1,479 1,730
Securities available-for-sale 602,046 559,874
Equity securities 2,028 1,072
Loans held for sale 3,491 1,972
Loans, net of allowance of $27,773 and $26,641 2,300,841 1,971,238
Other securities 18,578 17,011
Premises and equipment, net 30,168 22,445
Accrued interest receivable 9,175 7,385
Goodwill 101,652 76,851
Other intangible assets, net 11,554 7,581
Bank owned life insurance 53,291 46,641
Swap assets 18,448 11,072
Deferred taxes 25,118 980
Other assets 22,936 22,814
Total assets 3,241,719 3,012,905
Deposits    
Noninterest-bearing 944,241 788,906
Interest-bearing 1,764,012 1,627,795
Total deposits 2,708,253 2,416,701
Short-term Federal Home Loan Bank advances 55,000  
Securities sold under agreements to repurchase 20,155 25,495
Long-term Federal Home Loan Bank advances 6,723 75,000
Subordinated debentures 103,778 103,735
Swap liabilities 18,448 11,072
Securities purchased payable 2,611 3,524
Tax refunds in process 2,709 549
Accrued expenses and other liabilities 21,440 21,617
Total liabilities 2,939,117 2,657,693
SHAREHOLDERS’ EQUITY    
Common shares, no par value, 40,000,000 shares authorized, 18,731,167 shares issued at September 30, 2022 and 17,709,584 shares issued at December 31, 2021, including Treasury shares 299,515 277,741
Retained earnings 146,546 125,558
Treasury shares, 3,495,622 common shares at September 30, 2022 and 2,755,384 common shares at December 31, 2021, at cost (73,641) (56,907)
Accumulated other comprehensive income (loss) (69,818) 8,820
Total shareholders’ equity 302,602 355,212
Total liabilities and shareholders’ equity $ 3,241,719 $ 3,012,905