XML 13 R2.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents:
Cash and due from banks 22,213 18,788
Federal funds sold 242,642 101,277
Interest-bearing deposits with banks 7,350 50,809
Total cash and cash equivalents 272,205 170,874
Investment securities:    
Investment securities available for sale 94,036 93,347
Other investments 10,097 10,833
Total investment securities 104,133 104,180
Mortgage loans held for sale 6,979 3,917
Loans 3,417,945 3,273,363
Less allowance for credit losses (40,435) (38,639)
Loans, net 3,377,510 3,234,724
Bank owned life insurance 51,453 51,122
Property and equipment, net 97,806 99,183
Deferred income taxes, net 12,087 12,522
Other assets 15,967 15,459
Total assets 3,938,140 3,691,981
LIABILITIES    
Deposits 3,426,774 3,133,864
FHLB advances and related debt 125,000 175,000
Subordinated debentures 36,241 36,214
Other liabilities 50,775 52,391
Total liabilities 3,638,790 3,397,469
SHAREHOLDERS’ EQUITY    
Preferred stock, par value $.01 per share, 10,000,000 shares authorized
Common stock, par value $.01 per share, 10,000,000 shares authorized, 8,047,975 and 8,011,045 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively 80 80
Nonvested restricted stock (4,462) (3,306)
Additional paid-in capital 120,683 119,027
Accumulated other comprehensive loss (11,775) (13,410)
Retained earnings 194,824 192,121
Total shareholders’ equity 299,350 294,512
Total liabilities and shareholders’ equity $ 3,938,140 $ 3,691,981