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Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
ASSETS    
Loans, net of allowance for loan losses of $38,539 and $28,726, respectively $ 2,282,766,000 $ 2,057,175,000
Available-for-sale securities, at market (amortized cost $570,842 and $420,207, respectively) 580,543,000 421,145,000
Loans held for sale 19,474,000 18,179,000
Interest bearing deposits 304,750,000 126,827,000
Federal funds sold 675,000 20,000,000
Restricted equity securities, at cost 5,089,000 4,680,000
Total earning assets 3,193,297,000 2,648,006,000
Cash and due from banks 33,431,000 12,943,000
Premises and equipment, net 58,202,000 60,295,000
Accrued interest receivable 7,516,000 5,945,000
Deferred income taxes 7,089,000 6,136,000
Other real estate 0 697,000
Bank owned life insurance 35,197,000 31,762,000
Goodwill 4,805,000 4,805,000
Other assets 30,067,000 23,620,000
Total assets 3,369,604,000 2,794,209,000
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Deposits 2,960,595,000 2,417,605,000
Federal Home Loan Bank advances 3,638,000 23,613,000
Accrued interest and other liabilities 25,250,000 16,007,000
Total liabilities 2,989,483,000 2,457,225,000
Stockholders’ equity:    
Common stock, par value $2.00 per share, authorized 50,000,000 shares, 10,993,404 and 10,792,999 shares issued and outstanding, respectively 21,987,000 21,586,000
Additional paid-in capital 93,034,000 82,249,000
Retained earnings 257,935,000 232,456,000
Net unrealized gains on available-for-sale securities, net of taxes of $2,536 and $245, respectively 7,165,000 693,000
Total stockholders’ equity 380,121,000 336,984,000
COMMITMENTS AND CONTINGENCIES
Total liabilities and stockholders’ equity $ 3,369,604,000 $ 2,794,209,000