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Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 59,405,000 $ 62,832,000
Interest-earning deposits 915,755,000 563,174,000
Total cash and cash equivalents 975,160,000 626,006,000
Securities available for sale 592,743,000 387,347,000
Federal Home Loan Bank stock 18,002,000 18,002,000
Mortgage loans held for sale 16,117,000 22,888,000
Loans 3,453,459,000 3,193,470,000
Allowance for loan losses (35,363,000) (37,967,000)
Loans, net 3,418,096,000 3,155,503,000
Premises and equipment, net 57,298,000 58,959,000
Bank owned life insurance 75,242,000 72,131,000
Goodwill 49,473,000 49,473,000
Core deposit intangible, net 1,351,000 2,436,000
Other assets 54,267,000 44,599,000
Total assets 5,257,749,000 4,437,344,000
LIABILITIES AND SHAREHOLDERS' EQUITY    
Noninterest-bearing 1,677,952,000 1,433,403,000
Interest-bearing 2,405,241,000 1,978,150,000
Total deposits 4,083,193,000 3,411,553,000
Securities sold under agreements to repurchase 197,463,000 118,365,000
Federal Home Loan Bank advances 374,000,000 394,000,000
Subordinated debentures 48,244,000 47,563,000
Subordinated notes 73,646,000 0
Accrued interest and other liabilities 24,644,000 24,309,000
Total liabilities 4,801,190,000 3,995,790,000
Commitments and contingent liabilities (Note 13)
Shareholders' equity    
Preferred stock, no par value; 1,000,000 shares authorized; 0 shares outstanding at December 31, 2021 and December 31, 2020 0 0
Common stock, no par value; 40,000,000 shares authorized; 15,839,944 shares outstanding at December 31, 2021 and 16,330,476 shares outstanding at December 31, 2020 285,752,000 302,029,000
Retained earnings 174,536,000 134,039,000
Accumulated other comprehensive gain/(loss) (3,729,000) 5,486,000
Total shareholders’ equity 456,559,000 441,554,000
Total liabilities and shareholders’ equity $ 5,257,749,000 $ 4,437,344,000