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Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Cash and due from banks:    
Non-interest bearing $ 138,412,000 $ 90,907,000
Interest bearing 6,394,000 76,335,000
Federal funds sold 7,627,000 1,360,000
Cash and cash equivalents 152,433,000 168,602,000
Certificates of deposit investments 1,470,000 2,450,000
Investment securities:    
Available-for-sale, at fair value 1,218,985,000 1,421,422,000
Held-to-maturity, at amortized cost (estimated fair value of $2,954 and $7,035 at December 31, 2022 and 2021, respectively) 2,954,000 7,030,000
Equity securities, at fair value 311,000 397,000
Loans held for sale 338,000 2,748,000
Loans 4,825,874,000 3,992,775,000
Less allowance for credit losses (59,093,000) (54,655,000)
Net loans 4,766,781,000 3,938,120,000
Interest receivable 28,357,000 19,868,000
Other real estate owned 4,261,000 4,984,000
Premises and equipment, net 90,473,000 81,484,000
Goodwill, net 140,412,000 111,853,000
Intangible assets, net 29,485,000 29,523,000
Bank owned life insurance 151,756,000 132,375,000
Right of use asset 15,774,000 15,116,000
Deferred tax asset, net 72,254,000 7,299,000
Other assets 68,171,000 43,311,000
Total assets 6,744,215,000 5,986,582,000
Deposits:    
Non-interest bearing 1,256,514,000 1,246,673,000
Interest bearing 4,000,487,000 3,709,813,000
Total deposits 5,257,001,000 4,956,486,000
Repurchase agreements with customers 221,414,000 146,268,000
Interest payable 3,346,000 1,346,000
FHLB borrowings 465,071,000 86,446,000
Junior subordinated debentures, net 19,364,000 19,195,000
Subordinated debt, net 94,553,000 94,400,000
Lease liability 16,035,000 15,322,000
Other liabilities 34,276,000 33,225,000
Total liabilities 6,111,060,000 5,352,688,000
Stockholders’ equity:    
Common stock, $4 par value; authorized 30,000,000 shares; issued 21,091,466 shares in 2022 and 18,708,746 shares in 2021; outstanding 20,452,376 shares in 2022 and 18,080,303 shares in 2021 86,366,000 76,835,000
Additional paid-in capital 427,001,000 340,419,000
Retained earnings 289,284,000 234,162,000
Deferred compensation 2,064,000 2,517,000
Accumulated other comprehensive loss (151,507,000) (831,000)
Less treasury stock at cost, 639,090 shares in 2022 and 628,443 shares in 2021 (20,053,000) (19,208,000)
Total stockholders’ equity 633,155,000 633,894,000
Total liabilities and stockholders’ equity $ 6,744,215,000 $ 5,986,582,000