XML 18 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and due from financial institutions $ 43,361 $ 253,459
Restricted cash   10,780
Cash and cash equivalents 43,361 264,239
Investments in time deposits 1,477 1,730
Securities available for sale 615,402 559,874
Equity securities 2,190 1,072
Loans held for sale 683 1,972
Loans, net of allowance of $28,511 and $26,641 2,518,155 1,971,238
Other securities 33,585 17,011
Premises and equipment, net 64,018 22,445
Accrued interest receivable 11,178 7,385
Goodwill 125,695 76,851
Other intangible assets 10,759 7,581
Bank owned life insurance 53,543 46,641
Swap assets 16,579 11,072
Deferred taxes 16,009 980
Other assets 25,196 22,814
Total assets 3,537,830 3,012,905
Deposits    
Noninterest-bearing 896,333 788,906
Interest-bearing 1,723,651 1,627,795
Total deposits 2,619,984 2,416,701
Short-term Federal Home Loan Bank advances 393,700  
Long-term Federal Home Loan Bank advances 3,578 75,000
Securities sold under agreement to repurchase 25,143 25,495
Subordinated debentures 103,799 103,735
Other borrowings 15,516  
Swap liabilities 16,579 11,072
Accrued expenses and other liabilities 24,696 25,690
Total liabilities 3,202,995 2,657,693
SHAREHOLDERS’ EQUITY    
Common stock, no par value, 40,000,000 shares authorized, 19,231,061 shares issued at December 31, 2022 and 17,709,584 shares issued at December 31, 2021 310,182 277,741
Accumulated earnings 156,492 125,558
Treasury stock, 3,502,827 common shares at December 31, 2022 and 2,755,384 common shares at December 31, 2021, at cost (73,794) (56,907)
Accumulated other comprehensive income (loss) (58,045) 8,820
Total shareholders’ equity 334,835 355,212
Total liabilities and shareholders’ equity $ 3,537,830 $ 3,012,905