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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 27,595,000 $ 15,703,000
Other investments and interest-bearing deposits in other financial institutions 279,008,000 1,290,513,000
Total cash and cash equivalents 306,603,000 1,306,216,000
Securities available-for-sale, at fair value 489,596,000 102,252,000
Securities held-to-maturity, at amortized cost, net of allowance for credit losses of $14 at 2022 and $43 at 2021 (fair value of $614,452 at 2022 and $657,649 at 2021) 714,990,000 658,397,000
Loans held-for-sale - SBA, at lower of cost or fair value, including deferred costs 2,456,000 2,367,000
Loans, net of deferred fees 3,298,550,000 3,087,326,000
Allowance for credit losses on loans (47,512,000) (43,290,000)
Loans, net 3,251,038,000 3,044,036,000
Federal Home Loan Bank, Federal Reserve Bank stock and other investments, at cost 32,522,000 32,504,000
Company-owned life insurance 78,945,000 77,589,000
Premises and equipment, net 9,301,000 9,639,000
Goodwill 167,631,000 167,631,000
Other intangible assets 11,033,000 13,668,000
Accrued interest receivable and other assets 93,465,000 85,110,000
Total assets 5,157,580,000 5,499,409,000
Deposits:    
Demand, noninterest-bearing 1,736,722,000 1,903,768,000
Demand, interest-bearing 1,196,427,000 1,308,114,000
Savings and money market 1,285,444,000 1,375,825,000
Time deposits - under $250 32,445,000 38,734,000
Time deposits - $250 and over 108,192,000 94,700,000
CDARS - interest-bearing demand, money market and time deposits 30,374,000 38,271,000
Total deposits 4,389,604,000 4,759,412,000
Subordinated debt, net of issuance costs 39,350,000 39,925,000
Accrued interest payable and other liabilities 96,170,000 102,044,000
Total liabilities 4,525,124,000 4,901,381,000
Shareholders' equity:    
Preferred stock, no par value; 10,000,000 shares authorized; none issued and outstanding at 2022 and 2021
Common stock, no par value; 100,000,000 shares authorized; 60,852,723 shares issued and outstanding at 2022 and 60,339,837 shares issued and outstanding at 2021 502,923,000 497,695,000
Retained earnings 146,389,000 111,329,000
Accumulated other comprehensive loss (16,856,000) (10,996,000)
Total shareholders' equity 632,456,000 598,028,000
Total liabilities and shareholders' equity $ 5,157,580,000 $ 5,499,409,000