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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 42,440 $ 44,368
Interest bearing deposits with other banks 689,758 488,326
Total cash and cash equivalents 732,198 532,694
Debt securities available for sale, at fair value (amortized cost of $698,085 as of December 31, 2021 and $565,493 as of December 31, 2020) 697,191 584,908
Equity securities 10,366 6,649
Loans held for sale 849 8,514
Loans 3,634,792 3,371,789
Less: allowance for credit losses (37,588) (34,340)
Net loans 3,597,204 3,337,449
FHLB and other equity interests 23,276 21,018
Premises and equipment, net 61,659 60,064
Operating lease right-of-use assets 19,928 18,407
Bank owned life insurance 99,719 76,471
Mortgage servicing rights 1,664 1,527
Goodwill 43,749 43,749
Core deposit intangible 460 567
Accrued interest receivable and other assets 40,676 37,382
Total Assets 5,328,939 4,729,399
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Non-interest bearing deposits 792,086 627,114
Interest bearing demand deposits 1,079,336 951,903
Savings 2,457,745 2,126,183
Certificates of deposit 386,452 476,544
Total deposits 4,715,619 4,181,744
Subordinated debentures 20,620 20,620
Subordinated notes, net of unamortized issuance costs 83,661 50,000
Operating lease liabilities 21,159 19,449
Accrued interest payable and other liabilities 45,033 41,449
Total liabilities 4,886,092 4,313,262
Commitments and contingent liabilities
Preferred stock, Series A non-cumulative perpetual, $0 par value; $1,000 liquidation preference; shares authorized 60,375; Shares issued 60,375 at December 31, 2021 and 60,375 at December 31, 2020 57,785 57,785
Common stock, $0 par value; 50,000,000 shares authorized; Shares issued 16,978,057 shares at December 31, 2021 and 16,978,057 at December 31, 2020 0 0
Additional paid in capital 127,351 127,518
Retained earnings 260,582 218,727
Treasury stock, at cost (122,995 shares at December 31, 2021 and 145,049 shares at December 31, 2020) (2,477) (2,967)
Accumulated other comprehensive income (loss) (394) 15,074
Total shareholders’ equity 442,847 416,137
Total Liabilities and Shareholders’ Equity 5,328,939 4,729,399
PPP    
ASSETS    
Loans 45,203 155,529
Syndicated    
ASSETS    
Loans 125,761 22,064
All other    
ASSETS    
Loans $ 3,463,828 $ 3,194,196