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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and due from financial institutions $ 246,165 $ 128,222
Restricted cash 7,000 11,300
Cash and cash equivalents 253,165 139,522
Securities available for sale 498,149 363,464
Equity securities 1,077 886
Loans held for sale 5,810 7,001
Loans, net of allowance of $26,568 and $25,028 1,978,246 2,032,474
Other securities 17,011 20,537
Premises and equipment, net 22,716 22,580
Accrued interest receivable 7,728 9,421
Goodwill 76,851 76,851
Other intangible assets, net 7,738 8,075
Bank owned life insurance 46,728 45,976
Swap assets 12,858 21,700
Other assets 24,159 20,375
Total assets 2,952,236 2,768,862
Deposits    
Noninterest-bearing 832,492 720,809
Interest-bearing 1,602,274 1,468,589
Total deposits 2,434,766 2,189,398
Long-term Federal Home Loan Bank advances 75,000 125,000
Securities sold under agreements to repurchase 23,331 28,914
Subordinated debentures 29,427 29,427
Swap liabilities 12,858 21,764
Accrued expenses and other liabilities 28,404 24,251
Total liabilities 2,603,786 2,418,754
SHAREHOLDERS’ EQUITY    
Common shares, no par value, 40,000,000 shares authorized, 17,711,815 shares issued at September 30, 2021 and 17,664,951 shares issued at December 31, 2020, including Treasury Shares 277,627 277,039
Retained earnings 116,680 93,048
Treasury shares, 2,681,843 common shares at September 30, 2021 and 1,766,919 common shares at December 31, 2020, at cost (55,155) (34,598)
Accumulated other comprehensive income 9,298 14,619
Total shareholders’ equity 348,450 350,108
Total liabilities and shareholders’ equity $ 2,952,236 $ 2,768,862