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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 38,534 $ 47,836
Federal funds sold 356,750 218,825
Interest-bearing deposits 28,188 85,130
Total cash and cash equivalents 423,472 351,791
Securities available for sale 407,736 380,795
Loans held for sale 4,663 5,542
Loans, net of allowance for credit losses of $32,770 and $33,619, respectively 1,876,985 1,831,737
Accrued interest receivable 8,064 9,834
Premises and equipment, net 54,903 55,212
Other real estate owned 312 404
Cash surrender value of life insurance 35,836 35,510
Core deposit intangible, net 2,786 2,999
Goodwill 32,160 32,160
Other assets 44,383 34,848
Total assets 2,891,300 2,740,832
Deposits    
Noninterest-bearing 878,883 779,740
Interest-bearing 1,596,327 1,506,650
Total deposits 2,475,210 2,286,390
Securities sold under agreements to repurchase 24,007 15,631
Accrued interest and other liabilities 28,080 25,257
Line of credit 15,000 12,000
Federal Home Loan Bank advances 49,096 109,101
Subordinated debentures 19,810 19,810
Total liabilities 2,611,203 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, 14,069,858 and 12,951,676 shares issued, and 12,053,597 and 10,935,415 shares outstanding, respectively 14,070 12,952
Additional paid-in capital 223,550 188,032
Retained earnings 86,053 113,449
Treasury stock, 2,016,261 shares at cost (51,419) (51,419)
Accumulated other comprehensive income 7,843 9,629
Total shareholders' equity 280,097 272,643
Total liabilities and shareholders' equity $ 2,891,300 $ 2,740,832