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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 63,172 $ 37,661
Interest-bearing deposits with other banks 309,241 17,838
Cash and cash equivalents 372,413 55,499
Investment securities:    
Investment securities - AFS 110,521 83,587
Held to maturity, net of allowance for credit losses of $94 (2023) (fair value of $457,830 (2023) and $494,627 (2022)) 513,188 559,455
Equity securities, at fair value 5,703 1,233
Restricted securities, at cost 17,900 11,169
Loans held for sale, at fair value 8,782 4,248
Total Loans, gross 4,641,010 2,556,107
Less: allowance for credit losses (57,351) (16,643)
Total loans, net 4,583,659 2,539,464
Premises and equipment, net 82,386 51,488
Goodwill 63,266 63,266
Other intangible assets, net 48,090 5,547
OREO, net 179 197
Mortgage servicing rights, at fair value 5,926 5,275
Right-of-use assets 12,487 9,629
Cash surrender value on life insurance 101,704 59,218
Accrued interest receivable 19,217 9,384
Deferred income taxes 40,707 7,357
Other assets 24,790 11,260
TOTAL ASSETS 6,010,918 3,477,276
Deposits:    
Noninterest-bearing 1,258,037 862,015
Interest-bearing 4,128,083 2,147,769
Total deposits 5,386,120 3,009,784
Advances from FHLB - short-term 0 40,000
Guaranteed preferred beneficial interest in junior subordinated debentures ("TRUPS") 29,158 18,398
Subordinated debt 43,139 24,674
Total borrowings 72,297 83,072
Lease liabilities 12,857 9,908
Other liabilities 28,509 10,227
TOTAL LIABILITIES 5,499,783 3,112,991
STOCKHOLDERS' EQUITY    
Common stock, par value $.01 per share; shares authorized - 50,000,000; shares issued and outstanding - 33,161,532 (2023) and 19,864,956 (2022) 332 199
Additional paid in capital 356,007 201,494
Retained earnings 162,290 171,613
Accumulated other comprehensive loss (7,494) (9,021)
TOTAL STOCKHOLDERS' EQUITY 511,135 364,285
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 6,010,918 $ 3,477,276