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Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Cash and due from banks:    
Non-interest bearing $ 122,871,000 $ 138,412,000
Interest bearing 11,211,000 6,394,000
Federal funds sold 8,982,000 7,627,000
Cash and cash equivalents 143,064,000 152,433,000
Certificates of deposit investments 1,470,000 1,470,000
Investment securities:    
Available-for-sale, at fair value (amortized cost of $1,363,721 and $1,432,372 at December 31, 2023 and 2022, respectively) 1,171,572,000 1,218,985,000
Held-to-maturity, at amortized cost (estimated fair value of $2,286 and $2,954 at December 31, 2023 and 2022, respectively) 2,286,000 2,954,000
Equity securities, at fair value 4,074,000 311,000
Loans held for sale 4,980,000 338,000
Loans 5,575,585,000 4,825,874,000
Less allowance for credit losses (68,675,000) (59,093,000)
Net loans 5,506,910,000 4,766,781,000
Interest receivable 35,082,000 28,357,000
Other real estate owned, net 1,163,000 4,261,000
Premises and equipment, net 101,396,000 90,473,000
Goodwill, net 196,461,000 140,412,000
Intangible assets, net 67,770,000 29,485,000
Bank owned life insurance 166,125,000 151,756,000
Right of use asset 14,306,000 15,774,000
Deferred tax asset, net 70,067,000 72,254,000
Other assets 100,068,000 68,171,000
Total assets 7,586,794,000 6,744,215,000
Deposits:    
Non-interest bearing 1,398,234,000 1,256,514,000
Interest bearing 4,725,425,000 4,000,487,000
Total deposits 6,123,659,000 5,257,001,000
Repurchase agreements with customers 213,721,000 221,414,000
Interest payable 5,437,000 3,346,000
FHLB borrowings 263,787,000 465,071,000
Junior subordinated debentures, net 24,058,000 19,364,000
Subordinated debt, net 106,755,000 94,553,000
Lease liability 14,615,000 16,035,000
Other liabilities 41,558,000 34,276,000
Total liabilities 6,793,590,000 6,111,060,000
Stockholders’ equity:    
Common stock, $4 par value; authorized 30,000,000 shares; issued 24,479,708 and 21,091,466 shares in 2023 and 2022, respectively; outstanding 23,827,137 and 20,452,376 shares in 2023 and 2022, respectively 99,919,000 86,366,000
Additional paid-in capital 509,314,000 427,001,000
Retained earnings 338,662,000 289,284,000
Deferred compensation 2,629,000 2,064,000
Accumulated other comprehensive loss (136,427,000) (151,507,000)
Less treasury stock at cost, 652,571 and 639,090 shares in 2023 and 2022, respectively (20,893,000) (20,053,000)
Total stockholders’ equity 793,204,000 633,155,000
Total liabilities and stockholders’ equity $ 7,586,794,000 $ 6,744,215,000