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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
[1]
Cash and cash equivalents:    
Cash and due from financial institutions $ 8,757 $ 8,380
Interest-bearing deposits in other financial institutions 61,964 521,787
Total cash and cash equivalents 70,721 530,167
Securities available for sale, at fair value 257,180 271,332
Securities held-to-maturity, at amortized cost (fair value of $14,322 and $23,364, respectively) 14,978 22,940
Loans held for sale, at fair value 16,096 0
Loans held for investment 2,628,797 2,339,986
Less allowance for credit losses (30,209) (29,105)
Net loans 2,598,588 2,310,881
Stock in Federal Reserve Bank (FRB) and Federal Home Loan Bank (FHLB) 12,940 15,521
Bank premises and equipment, net 26,113 30,410
Assets held for sale 3,127 0
Operating lease right-of-use assets 4,777 5,866
Goodwill 104,744 101,954
Core deposit intangibles, net 3,780 4,462
Bank-owned life insurance 67,339 66,724
Other real estate owned 1,041 1,163
Deferred tax assets, net 14,658 9,571
Other assets 40,496 36,362
Total assets 3,236,578 3,407,353
LIABILITIES AND STOCKHOLDERS' EQUITY    
Noninterest-bearing demand deposits 653,181 530,282
Interest-bearing deposits:    
NOW accounts 677,237 849,738
Money market accounts 802,953 799,759
Savings accounts 220,211 222,862
Time deposits 329,223 360,575
Total interest-bearing deposits 2,029,624 2,232,934
Total deposits 2,682,805 2,763,216
Securities sold under agreements to repurchase - short term 10,020 9,962
FHLB advances 25,000 100,000
Junior subordinated debt - long term 9,757 9,731
Senior subordinated notes - long term 85,413 85,297
Operating lease liabilities 5,299 6,498
Other liabilities 19,647 20,768
Total liabilities 2,837,941 2,995,472
Commitments and contingencies (See Note 10)
Stockholders' equity:    
Preferred stock, $0.01 par value. Authorized 5,000,000 shares; no shares issued and outstanding
Common stock, $0.01 par value. Authorized 45,000,000 shares; 24,650,239 and 24,574,619 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively 246 245
Additional paid in capital 312,240 311,127
Retained earnings 104,077 99,397
Accumulated other comprehensive income (loss) (17,926) 1,112
Total stockholders' equity 398,637 411,881
Total liabilities and stockholders' equity $ 3,236,578 $ 3,407,353
[1] Derived from audited consolidated financial statements