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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Cash and due from banks:    
Non-interest bearing $ 112,276,000 $ 90,907,000
Interest bearing 105,796,000 76,335,000
Federal funds sold 5,908,000 1,360,000
Cash and cash equivalents 223,980,000 168,602,000
Certificates of deposit 1,960,000 2,450,000
Investment securities:    
Available-for-sale, at fair value 1,466,950,000 1,421,422,000
Held-to-maturity, at amortized cost (estimated fair value of $2,998 and $7,035 at March 31, 2022 and December 31, 2021, respectively) 2,998,000 7,030,000
Equity securities, at fair value 369,000 397,000
Loans held for sale 2,037,000 2,748,000
Loans 4,452,524,000 3,992,775,000
Less allowance for credit losses (58,474,000) (54,655,000)
Net loans 4,394,050,000 3,938,120,000
Interest receivable 22,365,000 19,868,000
Other real estate owned 4,794,000 4,984,000
Premises and equipment, net 89,319,000 81,484,000
Goodwill 140,465,000 111,853,000
Intangible assets, net 34,034,000 29,523,000
Bank owned life insurance 149,041,000 132,375,000
Right of use lease assets 15,242,000 15,116,000
Other assets 84,402,000 50,610,000
Total assets 6,632,006,000 5,986,582,000
Deposits:    
Non-interest bearing 1,373,881,000 1,246,673,000
Interest bearing 4,113,424,000 3,709,813,000
Total deposits 5,487,305,000 4,956,486,000
Securities sold under agreements to repurchase 187,326,000 146,268,000
Interest payable 2,466,000 1,346,000
FHLB borrowings 126,396,000 86,446,000
Junior subordinated debentures, net 19,237,000 19,195,000
Subordinated debt, net 94,438,000 94,400,000
Lease liabilities 15,458,000 15,322,000
Other liabilities 32,995,000 33,225,000
Total liabilities 5,965,621,000 5,352,688,000
Stockholders’ equity:    
Common stock, $4 par value; authorized 30,000,000 shares; issued 21,065,888 and 18,708,746 shares in 2022 and 2021, respectively; outstanding 20,437,183 and 18,080,303 shares in 2022 and 2021 respectively 86,264,000 76,835,000
Additional paid-in capital 426,148,000 340,419,000
Retained earnings 246,805,000 234,162,000
Deferred compensation 468,000 2,517,000
Accumulated other comprehensive loss (74,028,000) (831,000)
Less treasury stock at cost, 628,705 shares in 2022 and 628,443 shares in 2021 (19,272,000) (19,208,000)
Total stockholders’ equity 666,385,000 633,894,000
Total liabilities and stockholders’ equity $ 6,632,006,000 $ 5,986,582,000