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Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Cash and cash equivalents:    
Cash and due from banks $ 329,864,000 $ 326,733,000
Federal funds sold 2,150,000 292,000
Total cash and cash equivalents 332,014,000 327,025,000
Interest bearing time deposits in other banks   131,000
Investment securities available for sale 176,067,000 26,432,000
Loans, net of allowance for loan loss of $30,351 and $19,295 at December 31, 2022 and 2021, respectively 3,077,200,000 2,049,429,000
Accrued interest receivable 18,340,000 10,228,000
Premises and equipment, net 28,662,000 19,045,000
Other real estate owned   1,676,000
Bank-owned life insurance 60,761,000 26,528,000
Non-marketable equity securities, at cost 15,405,000 7,527,000
Deferred tax asset, net 6,303,000 4,123,000
Fair value hedge assets 9,213,000 389,000
Right-of-use asset - operating leases 17,872,000  
Core Deposit Intangible, net 1,131,000 1,292,000
Goodwill 18,034,000 18,034,000
Other assets 12,146,000 7,553,000
Total assets 3,773,148,000 2,499,412,000
Deposits:    
Noninterest bearing 486,114,000 531,401,000
Interest bearing 2,750,032,000 1,609,798,000
Total deposits 3,236,146,000 2,141,199,000
Accrued interest payable 2,545,000 437,000
Fair value hedge liabilities 9,221,000 389,000
Lease liability - operating leases 18,209,000  
Other liabilities 14,024,000 7,380,000
FHLB advances   50,000,000
Line of credit - Senior Debt 30,875,000 1,000,000
Note payable - Subordinated Debt, net 80,348,000  
Total liabilities 3,391,368,000 2,200,405,000
Shareholders' equity:    
Series A Convertible Non-Cumulative Preferred Stock, $1 par value; 69,400 shares authorized; 69,400 outstanding at December 31, 2022 and no shares outstanding at December 31, 2021 69,000  
Common stock, $1 par value; 50,000,000 shares authorized; 13,610,198 and 13,481,786 issued; and 13,531,736 and 13,403,324 outstanding at December 31, 2022 and 2021, respectively 13,610,000 13,482,000
Additional paid-in capital 318,033,000 249,202,000
Retained earnings 53,270,000 36,029,000
Accumulated other comprehensive income (2,103,000) 1,393,000
Treasury stock: at cost; 78,462 shares at December 31, 2022 and 2021, respectively (1,099,000) (1,099,000)
Total shareholders' equity 381,780,000 299,007,000
Total liabilities & shareholders' equity $ 3,773,148,000 $ 2,499,412,000