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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 70,408 $ 61,894
Other interest-earning assets 60,125 34,878
Total cash and cash equivalents 130,533 96,772
Securities available for sale 617,092 602,936
Federal Home Loan Bank stock 21,513 17,721
Mortgage loans held for sale 18,607 3,565
Loans 4,303,758 3,916,619
Allowance for credit losses (49,914) (42,246)
Loans, net 4,253,844 3,874,373
Premises and equipment, net 50,928 51,476
Bank owned life insurance 85,668 80,727
Goodwill 49,473 49,473
Other assets 125,566 95,576
Total assets 5,353,224 4,872,619
LIABILITIES AND SHAREHOLDERS' EQUITY    
Noninterest-bearing 1,247,640 1,604,750
Interest-bearing 2,653,278 2,108,061
Total deposits 3,900,918 3,712,811
Securities sold under agreements to repurchase 229,734 194,340
Federal Home Loan Bank advances 467,910 308,263
Subordinated debentures 49,644 48,958
Subordinated notes 88,971 88,628
Accrued interest and other liabilities 93,902 78,211
Total liabilities 4,831,079 4,431,211
Commitments and contingent liabilities (Note 12)
Shareholders' equity    
Preferred stock, no par value; 1,000,000 shares authorized; 0 shares outstanding at December 31, 2023 and December 31, 2022 0 0
Common stock, no par value; 40,000,000 shares authorized; 16,125,662 shares outstanding at December 31, 2023 and 15,994,884 shares outstanding at December 31, 2022 295,106 290,436
Retained earnings 277,526 216,313
Accumulated other comprehensive gain/(loss) (50,487) (65,341)
Total shareholders’ equity 522,145 441,408
Total liabilities and shareholders’ equity $ 5,353,224 $ 4,872,619