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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 68,097,000 $ 37,661,000
Interest-bearing deposits with other banks 40,612,000 17,838,000
Cash and cash equivalents 108,709,000 55,499,000
Investment securities:    
Investment securities - AFS 79,143,000 83,587,000
Held to maturity, net of allowance for credit losses of $126 (2023) (fair value of $445,652 (2023) and $494,627 (2022)) 523,051,000 559,455,000
Equity securities, at fair value 5,434,000 1,233,000
Restricted securities, at cost 13,361,000 11,169,000
Loans held for sale, at fair value 14,725,000 4,248,000
Less: allowance for credit losses (57,051,000) (16,643,000)
Loans, net 4,560,668,000 2,539,464,000
Premises and equipment, net 81,149,000 51,488,000
Goodwill 63,266,000 63,266,000
Core deposit intangible, net 50,685,000 5,547,000
Other real estate owned, net 179,000 197,000
Mortgage servicing rights, at fair value 5,890,000 5,275,000
Right-of-use assets 12,741,000 9,629,000
Cash surrender value on life insurance 100,950,000 59,218,000
Accrued interest receivable 15,683,000 9,384,000
Deferred income taxes 45,346,000 7,357,000
Other assets 24,392,000 11,260,000
TOTAL ASSETS 5,705,372,000 3,477,276,000
Deposits:    
Noninterest-bearing 1,211,401,000 862,015,000
Interest-bearing 3,897,343,000 2,147,769,000
Total deposits 5,108,744,000 3,009,784,000
Advances from FHLB - short-term 0 40,000,000
Guaranteed preferred beneficial interest in junior subordinated debentures ("TRUPS") 29,079,000 18,398,000
Subordinated debt 42,956,000 24,674,000
Total borrowings 72,035,000 83,072,000
Lease liabilities 13,082,000 9,908,000
Other liabilities 9,933,000 10,227,000
TOTAL LIABILITIES 5,203,794,000 3,112,991,000
STOCKHOLDERS' EQUITY    
Common stock, par value $.01 per share; shares authorized - 35,000,000; shares issued and outstanding - 33,136,182 (2023) and 19,864,956 (2022) 331,000 199,000
Additional paid in capital 355,575,000 201,494,000
Retained earnings 155,781,000 171,613,000
Accumulated other comprehensive loss (10,109,000) (9,021,000)
TOTAL STOCKHOLDERS' EQUITY 501,578,000 364,285,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 5,705,372,000 $ 3,477,276,000