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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 4,932 $ 7,367
Interest-bearing deposits 402,583 412,439
Total cash and cash equivalents 407,515 419,806
Total available-for-sale securities 634,007 497,628
Securities held-to-maturity, at amortized cost (fair value of $64,337 and $69,452 in 2021 and 2020, respectively) 62,129 68,223
Loans held-for-sale (includes $19,181 and $26,341 at fair value in 2021 and 2020, respectively) 43,970 39,584
Loans 2,936,148 3,059,231
Allowance for loan losses (28,000) (29,484)
Net loans 2,908,148 3,029,747
Accrued interest receivable 14,866 17,416
Federal Home Loan Bank of Indianapolis stock 25,650 25,650
Cash surrender value of bank-owned life insurance 38,660 37,952
Premises and equipment, net 52,700 37,590
Goodwill 4,687 4,687
Servicing asset, at fair value 4,412 3,569
Other real estate owned 1,188 0
Accrued income and other assets 54,360 64,304
Total assets 4,252,292 4,246,156
Liabilities and Shareholders’ Equity    
Noninterest-bearing deposits 110,117 96,753
Interest-bearing deposits 3,114,478 3,174,132
Total deposits 3,224,595 3,270,885
Advances from Federal Home Loan Bank 514,920 514,916
Subordinated debt, net of unamortized debt issuance costs of $2,844 and $2,397 in 2021 and 2020, respectively 104,156 79,603
Accrued interest payable 1,568 1,439
Accrued expenses and other liabilities 36,611 48,369
Total liabilities 3,881,850 3,915,212
Commitments and Contingencies
Shareholders’ Equity    
Preferred stock, no par value; 4,913,779 shares authorized; issued and outstanding - none 0 0
Retained earnings 160,551 126,732
Accumulated other comprehensive loss (13,168) (17,196)
Total shareholders’ equity 370,442 330,944
Total liabilities and shareholders’ equity 4,252,292 4,246,156
Voting Common Stock    
Shareholders’ Equity    
Common stock 223,059 221,408
Nonvoting Common Stock    
Shareholders’ Equity    
Common stock $ 0 $ 0