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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 41,592,000 $ 27,595,000
Other investments and interest-bearing deposits in other financial institutions 366,537,000 279,008,000
Total cash and cash equivalents 408,129,000 306,603,000
Securities available-for-sale, at fair value 442,636,000 489,596,000
Securities held-to-maturity, at amortized cost, net of allowance for credit losses of $12 and $14, respectively (fair value of $564,127 and $614,452, respectively) 650,565,000 714,990,000
Loans held-for-sale - SBA, at lower of cost or fair value, including deferred costs 2,205,000 2,456,000
Loans, net of deferred fees 3,350,378,000 3,298,550,000
Allowance for credit losses on loans (47,958,000) (47,512,000)
Loans, net 3,302,420,000 3,251,038,000
Federal Home Loan Bank ("FHLB"), Federal Reserve Bank ("FRB") stock and other investments, at cost 32,540,000 32,522,000
Company-owned life insurance 79,489,000 78,945,000
Premises and equipment, net 9,857,000 9,301,000
Goodwill 167,631,000 167,631,000
Other intangible assets 8,627,000 11,033,000
Accrued interest receivable and other assets 89,996,000 93,465,000
Total assets 5,194,095,000 5,157,580,000
Deposits:    
Demand, noninterest-bearing 1,292,486,000 1,736,722,000
Demand, interest-bearing 914,066,000 1,196,427,000
Savings and money market 1,087,518,000 1,285,444,000
Time deposits - under $250 38,055,000 32,445,000
Time deposits - $250 and over 192,228,000 108,192,000
Insured Cash Sweep ("ICS")/Certificates of Deposit Account Registry Service ("CDARS") - interest-bearing demand, money market and time deposits 854,105,000 30,374,000
Total deposits 4,378,458,000 4,389,604,000
Subordinated debt, net of issuance costs 39,502,000 39,350,000
Accrued interest payable and other liabilities 103,234,000 96,170,000
Total liabilities 4,521,194,000 4,525,124,000
Shareholders' equity:    
Preferred stock, no par value; 10,000,000 shares authorized; none issued and outstanding at December 31, 2023 and December 31, 2022
Common stock, no par value; 100,000,000 shares authorized; 61,146,835 and 60,852,723 shares issued and outstanding, respectively 506,539,000 502,923,000
Retained earnings 179,092,000 146,389,000
Accumulated other comprehensive loss (12,730,000) (16,856,000)
Total shareholders' equity 672,901,000 632,456,000
Total liabilities and shareholders' equity $ 5,194,095,000 $ 5,157,580,000