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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 224,736 $ 501,372
Federal funds sold and other cash equivalents 100,000 193,000
Cash and cash equivalents 324,736 694,372
Interest-earning deposits in other financial institutions 600 600
Securities:    
Available for sale 358,135 368,260
Held to maturity (fair value of $5,615 and $6,577 at June 30, 2022 and December 31, 2021, respectively) 5,741 6,252
Mortgage loans held for sale 0 5,957
Loans held for investment:    
Real estate 2,725,639 2,560,465
Commercial and other 322,772 375,684
Total loans 3,048,411 2,936,149
Unaccreted discount on acquired loans (1,388) (1,727)
Deferred loan fees, net (1,077) (3,072)
Total loans, net of deferred loan fees and unaccreted discounts on acquired loans 3,045,946 2,931,350
Allowance for loan losses (34,154) (32,912)
Net loans 3,011,792 2,898,438
Premises and equipment 27,104 27,199
Federal Home Loan Bank (FHLB) stock 15,000 15,000
Equity Securities 19,964 19,992
Other real estate owned (OREO) 293 293
Cash surrender value of life insurance (BOLI) 56,642 55,988
Goodwill 71,498 69,243
Servicing assets 10,456 11,517
Core deposit intangibles 4,248 4,075
Right-of-use assets- operating leases 25,931 22,454
Accrued interest and other assets 36,897 28,554
Total assets 3,969,037 4,228,194
Deposits:    
Noninterest-bearing demand 1,045,009 1,291,484
Savings, NOW and money market accounts 868,307 927,609
Time deposits $250,000 and under 574,050 587,940
Time deposits over $250,000 540,199 578,499
Total deposits 3,027,565 3,385,532
Reserve for unfunded commitments 1,070 1,203
FHLB advances 250,000 150,000
Long-term debt, net of debt issuance costs 173,296 173,007
Subordinated debentures 14,611 14,502
Lease liabilities - operating leases 26,823 23,282
Accrued interest and other liabilities 11,965 13,985
Total liabilities 3,505,330 3,761,511
Commitments and contingencies - Note 13
Shareholders' equity:    
Preferred Stock - 100,000,000 shares authorized, no par value; none outstanding 0 0
Common Stock - 100,000,000 shares authorized, no par value; 18,881,829 shares issued and outstanding at June 30, 2022 and 19,455,544 shares issues and outstanding at December 31, 2021 275,096 282,335
Additional paid-in capital 4,193 4,603
Retained earnings 200,093 181,329
Non-controlling interest 72 72
Accumulated other comprehensive loss, net (15,747) (1,656)
Total shareholders’ equity 463,707 466,683
Total liabilities and shareholders’ equity $ 3,969,037 $ 4,228,194