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Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
ASSETS    
Loans, net of allowance for loan losses of $28,726 and $27,174, respectively $ 2,057,175,000 $ 2,016,005,000
Available-for-sale securities, at market (amortized cost $420,207 and $295,683, respectively) 421,145,000 285,252,000
Loans held for sale 18,179,000 7,484,000
Interest bearing deposits 126,827,000 80,215,000
Federal funds sold 20,000,000 9,000,000
Restricted equity securities, at cost 4,680,000 3,012,000
Total earning assets 2,648,006,000 2,400,968,000
Cash and due from banks 12,943,000 9,976,000
Premises and equipment, net 60,295,000 58,363,000
Accrued interest receivable 5,945,000 6,724,000
Deferred income taxes 6,136,000 8,901,000
Other real estate 697,000 1,357,000
Bank owned life insurance 31,762,000 30,952,000
Goodwill 4,805,000 4,805,000
Other assets 23,620,000 21,636,000
Total assets 2,794,209,000 2,543,682,000
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Deposits 2,417,605,000 2,235,655,000
Federal home loan bank advances 23,613,000 0
Accrued interest and other liabilities 16,007,000 12,360,000
Total liabilities 2,457,225,000 2,248,015,000
Stockholders’ equity:    
Common stock, par value $2.00 per share, authorized 50,000,000 shares, 10,792,999 and 10,623,810 shares issued and outstanding, respectively 21,586,000 21,248,000
Additional paid-in capital 82,249,000 73,960,000
Retained earnings 232,456,000 208,164,000
Net unrealized gains (losses) on available-for-sale securities, net of taxes of $245 and $2,726, respectively 693,000 (7,705,000)
Total stockholders’ equity 336,984,000 295,667,000
COMMITMENTS AND CONTINGENCIES
Total liabilities and stockholders’ equity $ 2,794,209,000 $ 2,543,682,000