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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 37,611 $ 47,836
Federal funds sold 385,075 218,825
Interest-bearing deposits 24,532 85,130
Total cash and cash equivalents 447,218 351,791
Securities available for sale 446,636 380,795
Loans held for sale 5,088 5,542
Loans, net of allowance for credit losses of $31,548 and $33,619, respectively 1,856,277 1,831,737
Accrued interest receivable 8,801 9,834
Premises and equipment, net 54,405 55,212
Other real estate owned 227 404
Cash surrender value of life insurance 36,367 35,510
Core deposit intangible, net 2,573 2,999
Goodwill 32,160 32,160
Other assets 43,207 34,848
Total assets 2,932,959 2,740,832
Deposits    
Noninterest-bearing 928,416 779,740
Interest-bearing 1,604,610 1,506,650
Total deposits 2,533,026 2,286,390
Securities sold under agreements to repurchase 15,336 15,631
Accrued interest and other liabilities 28,058 25,257
Line of credit 0 12,000
Federal Home Loan Bank advances 49,000 109,101
Subordinated debentures 19,810 19,810
Total liabilities 2,645,230 2,468,189
Commitments and contingencies (see Note 11)
Shareholders' equity    
Preferred stock, $5.00 par value, 15,000,000 shares authorized, no shares issued 0 0
Common stock, $1.00 par value, 50,000,000 shares authorized, 14,074,198 and 12,951,676 shares issued, and 12,057,937 and 10,935,415 shares outstanding, respectively 14,074 12,952
Additional paid-in capital 223,822 188,032
Retained earnings 94,073 113,449
Treasury stock, 2,016,261 shares at cost (51,419) (51,419)
Accumulated other comprehensive income 7,179 9,629
Total shareholders' equity 287,729 272,643
Total liabilities and shareholders' equity $ 2,932,959 $ 2,740,832