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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets:    
Cash and due from banks $ 60,527 $ 46,558
Interest bearing deposits 199,102 265,198
Cash and cash equivalents 259,629 311,756
Certificates of deposit in other banks 245 245
Debt securities available-for-sale at fair value (amortized cost of $1,486,869 and $1,461,829, respectively) 1,298,592 1,455,429
Equity securities at fair value 1,969 2,253
Loans held for sale 1,043 2,632
Loans 3,630,616 3,408,813
Allowance for credit losses (44,433) (41,756)
Net loans 3,586,183 3,367,057
Premises and equipment, net 41,593 40,479
Right-of-use assets 12,131 12,148
Federal Home Loan Bank stock 6,676 8,139
Federal Reserve Bank stock 4,887 4,887
Goodwill 65,490 65,490
Bank owned life insurance 92,453 91,097
Mortgage servicing rights 8,576 6,774
Other real estate owned 1,864 3,486
Deferred tax asset 46,435 0
Accrued interest receivable 16,513 15,415
Other assets 30,059 30,970
Total assets 5,474,338 5,418,257
Deposits:    
Noninterest bearing 1,481,078 1,331,103
Interest bearing 3,053,990 3,013,189
Total deposits 4,535,068 4,344,292
Repurchase agreements 230,123 271,088
Federal funds purchased 500 500
Advances from Federal Home Loan Bank 360 375
Long-term debt 57,841 57,841
Deferred tax liability 0 546
Operating lease liability 11,232 11,583
Finance lease liability 1,404 1,422
Accrued interest payable 2,501 1,016
Other liabilities 32,749 31,392
Total liabilities 4,871,778 4,720,055
Shareholders' equity:    
Preferred stock, 300,000 shares authorized and unissued 0 0
Common stock, $5.00 par value, shares authorized 25,000,000; shares issued and outstanding 2022 - 17,901,373; 2021 - 17,843,081 89,506 89,215
Capital surplus 228,484 227,085
Retained earnings 424,006 386,750
Accumulated other comprehensive loss, net of tax (139,436) (4,848)
Total shareholders' equity 602,560 698,202
Total liabilities and shareholders' equity $ 5,474,338 $ 5,418,257