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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Cash and cash equivalents:    
Cash and due from banks $ 45,233 $ 33,572
Interest-earning deposits with banks 384,454 403,004
Total cash and cash equivalents 429,687 436,576
Investments:    
Debt securities at fair value (amortized cost of $959,181 and $950,523, respectively) 907,052 956,430
Equity securities at fair value 2,961 1,785
Total investment securities at fair value 910,013 958,215
Federal Home Loan Bank ("FHLB") stock 2,048 2,164
Loans:    
Total loans 2,962,721 2,920,684
Allowance for credit losses (48,424) (47,704)
Net loans 2,914,297 2,872,980
Premises and equipment, net 45,130 44,689
Lease right-of-use asset 24,915 24,295
Accrued interest receivable 14,272 13,354
Deferred income taxes, net 32,999 19,644
Bank-owned life insurance 63,249 62,954
Prepaid income taxes 2,018 279
Prepaid expenses and other assets 10,190 7,013
Goodwill 5,656 5,656
Total assets 4,454,474 4,447,819
Liabilities    
Deposits 4,034,500 3,980,239
Borrowed funds 2,974 5,479
Subordinated debt 59,009 58,979
Lease liability 24,301 23,627
Accrued expenses and other liabilities 22,405 31,063
Accrued interest payable 746 1,537
Total liabilities 4,143,935 4,100,924
Commitments and Contingencies
Shareholders' Equity    
Preferred stock, $0.01 par value per share; 1,000,000 shares authorized; no shares issued 0 0
Common stock, $0.01 par value per share; 40,000,000 shares authorized; 12,103,188 and 12,038,382 shares issued and outstanding, respectively 121 120
Additional paid-in capital 101,139 100,352
Retained earnings 249,579 241,761
Accumulated other comprehensive (loss) income (40,300) 4,662
Total shareholders' equity 310,539 346,895
Total liabilities and shareholders' equity $ 4,454,474 $ 4,447,819