XML 15 R2.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 41,100,000 $ 31,284,000
Interest-bearing balances with other financial institutions 146,031,000 1,541,000
Federal funds sold 726,621,000 270,899,000
Total cash and cash equivalents 913,752,000 303,724,000
Investment securities held to maturity, at amortized cost (fair value $330,626 and $132,794) 329,257,000 128,292,000
Investment securities available for sale, at fair value 62,862,000 5,748,000
Equity securities available for sale, at fair value 500,000 515,000
Loans held for sale 11,514,000 25,506,000
Loans and leases, net of unearned interest 3,104,396,000 2,384,041,000
Less: Allowance for loan and lease losses (14,597,000) (13,382,000)
Net loans and leases 3,089,799,000 2,370,659,000
Bank premises and equipment, net 33,232,000 24,886,000
Bank premises and equipment, held for sale 3,907,000 210,000
Operating lease right of use asset 9,055,000 10,157,000
Finance lease right of use asset 3,087,000 3,267,000
Cash surrender value of life insurance 49,661,000 17,183,000
Restricted investment in bank stocks 9,134,000 7,594,000
Accrued interest receivable 11,328,000 12,971,000
Deferred income taxes 10,779,000 3,619,000
Goodwill 113,835,000 62,840,000
Core deposit and other intangibles, net 9,436,000 4,360,000
Foreclosed assets held for sale   134,000
Other assets 28,287,000 17,283,000
Total Assets 4,689,425,000 2,998,948,000
LIABILITIES & SHAREHOLDERS’ EQUITY    
Deposits: Noninterest-bearing demand 850,438,000 536,224,000
Deposits: Interest-bearing demand 1,066,852,000 605,567,000
Deposits: Money Market 1,076,593,000 720,506,000
Deposits: Savings 381,476,000 195,038,000
Deposits: Time 626,657,000 417,245,000
Total Deposits 4,002,016,000 2,474,580,000
Short-term borrowings   125,617,000
Long-term debt 81,270,000 75,115,000
Subordinated debt and trust preferred securities 74,274,000 44,580,000
Operating lease liability 11,363,000 11,200,000
Accrued interest payable 1,791,000 2,007,000
Other liabilities 28,635,000 10,161,000
Total Liabilities 4,199,349,000 2,743,260,000
Shareholders' Equity:    
Common stock, par value $1.00; 20,000,000 shares authorized Shares issued: 16,056,282 and 8,511,835 at December 31, 2021 and December 31, 2020; Shares outstanding: 15,957,830 and 8,419,183 at December 31, 2021 and December 31, 2020 16,056,000 8,512,000
Additional paid-in capital 384,742,000 178,853,000
Retained earnings 91,043,000 70,175,000
Accumulated other comprehensive income (loss) 158,000 (57,000)
Treasury Stock, at cost; 98,452 and 92,652 shares at December 31, 2021 and December 31, 2020 (1,923,000) (1,795,000)
Total Shareholders’ Equity 490,076,000 255,688,000
Total Liabilities and Shareholders' Equity $ 4,689,425,000 $ 2,998,948,000