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UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 80,280 $ 73,358
Interest bearing deposits with banks 506,692 514,899
Total cash and cash equivalents 586,972 588,257
Securities available-for-sale, at fair value 114,643 152,864
Securities held-to-maturity, fair value $684,503 and $688,393 respectively 838,446 845,346
Allowance for credit losses - securities held-to-maturity (450) (393)
Total investment securities 952,639 997,817
Non-marketable securities 15,549 15,549
Loans and leases held-for-investment 3,491,723 3,512,361
Allowance for credit losses - loans and leases (71,112) (66,885)
Loans held-for-investment, net 3,420,611 3,445,476
Bank-owned life insurance 66,582 73,038
Premises and equipment, net 51,519 49,476
Deferred income tax assets 30,612 31,507
Accrued interest receivable 22,116 21,602
Goodwill 11,183 11,183
Other intangibles 2,523 2,809
Other real estate owned 873 873
Other assets 89,199 89,812
TOTAL ASSETS 5,250,378 5,327,399
Deposits:    
Non-interest bearing 1,495,279 1,758,793
Interest bearing:    
Demand 920,920 1,125,014
Savings and money market 1,669,334 1,544,062
Certificates of deposit 552,780 331,400
Total interest bearing 3,143,034 3,000,476
Total deposits 4,638,313 4,759,269
Subordinated debentures 10,310 10,310
Interest payable and other liabilities 87,046 72,512
Total Liabilities 4,735,669 4,842,091
SHAREHOLDERS' EQUITY    
Preferred shares, no par value, 1,000,000 shares authorized and, none issued or outstanding 0 0
Common shares, $0.01 par value, 7,500,000 authorized 754,523 and 768,337 outstanding at June 30, 2023 and December 31, 2022, respectively 8 8
Additional paid in capital 43,263 57,206
Retained earnings 488,501 449,932
Accumulated other comprehensive (loss), net of taxes (17,063) (21,838)
TOTAL SHAREHOLDERS' EQUITY 514,709 485,308
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 5,250,378 $ 5,327,399