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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 18,975 $ 17,218
Fed Funds sold and interest-bearing deposits in banks 178,257 166,288
Cash and cash equivalents 197,232 183,506
Investment securities available for sale, at fair value 938,164 380,814
Other investments 14,012 3,296
Loans held for sale 38,150 52,386
Loans 1,337,977 1,059,503
Allowance for loan losses (12,910) (12,127)
Net loans 1,325,067 1,047,376
Premises and equipment 43,033 32,057
Other real estate owned 281 1,006
Goodwill 52,906 15,992
Other intangible assets 7,389 2,271
Bank-owned life insurance 55,159 31,547
Deferred income taxes, net 3,644 134
Other assets 16,678 13,589
Total assets 2,691,715 1,763,974
Liabilities and stockholders’ equity    
Noninterest-bearing 552,576 326,999
Interest-bearing 1,822,032 1,118,028
Total deposits 2,374,608 1,445,027
Federal Home Loan Bank advances 51,656 22,500
Paycheck Protection Program Liquidity Facility 0 106,789
Other borrowed money 36,792 37,792
Other liabilities 10,952 7,378
Total liabilities 2,474,008 1,619,486
Commitments and Contingencies (Note 15)
Stockholders’ equity    
Preferred stock, stated value $1,000; 10,000,000 shares authorized, 0 shares issued and outstanding as of December 31, 2021 and 2020 0 0
Common stock, par value $1; 20,000,000 shares authorized, 13,673,898 and 9,498,783 shares issued and outstanding as of December 31, 2021 and 2020 13,674 9,499
Paid-in capital 111,021 43,215
Retained earnings 99,189 84,993
Accumulated other comprehensive (loss) income, net of tax (6,177) 6,781
Total stockholders’ equity 217,707 144,488
Total liabilities and stockholders’ equity $ 2,691,715 $ 1,763,974