XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 21,896 $ 17,555
Federal funds sold 122,359 175,270
Cash and cash equivalents 144,255 192,825
Securities available for sale, fair value 797,912 758,822
Federal Home Loan Bank stock, at cost 10,269 9,965
Loans 2,485,366 2,456,196
Allowance for loan losses (27,623) (28,364)
Loans, net 2,457,743 2,427,832
Premises and equipment, net 40,898 34,568
Accrued interest receivable 10,083 8,890
Bank-owned life insurance 43,836 43,609
Deferred tax assets, net 20,877 10,819
Other assets 21,196 12,871
Total assets 3,547,069 3,500,201
Deposits:    
Noninterest-bearing demand 710,697 720,136
Interest-bearing demand 554,235 548,242
Savings 1,632,690 1,550,636
Time of $250 or more 46,486 53,019
Other time 147,144 143,972
Total deposits 3,091,252 3,016,005
Federal funds purchased 0 2,880
Subordinated notes, net 20,468 20,465
Federal Home Loan Bank advances 125,000 125,000
Long-term debt 51,486 51,521
Accrued expenses and other liabilities 22,383 24,002
Total liabilities 3,310,589 3,239,873
COMMITMENTS AND CONTINGENCIES (NOTE 8)
STOCKHOLDERS' EQUITY    
Preferred stock, $0.01 par value; authorized 50,000,000 shares; no shares issued and outstanding at March 31, 2022 and December 31, 2021 0 0
Common stock, no par value; authorized 50,000,000 shares; 16,631,413 and 16,554,846 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 3,000 3,000
Additional paid-in capital 29,421 30,183
Retained earnings 246,827 237,782
Accumulated other comprehensive loss (42,768) (10,637)
Total stockholders' equity 236,480 260,328
Total liabilities and stockholders' equity $ 3,547,069 $ 3,500,201
Preferred stock, par value ($ per share) $ 0.01 $ 0.01
Preferred stock, shares authorized 50,000,000 50,000,000
Preferred stock, shares issued 0 0
Preferred stock, shares outstanding 0 0
Common Stock, No Par Value $ 0 $ 0
Common stock, shares authorized 50,000,000 50,000,000
Common stock, shares issued 16,631,413 16,554,846
Common stock, shares outstanding 16,631,413 16,554,846