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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Cash and cash equivalents:    
Cash and due from banks $ 309,153 $ 329,864
Federal funds sold 1,789 2,150
Total cash and cash equivalents 310,942 332,014
Investment securities available for sale 180,376 176,067
Loans, net of allowance for credit losses of $35,915 and $30,351 at March 31, 2023 and December 31, 2022, respectively 3,177,411 3,077,200
Accrued interest receivable 19,026 18,340
Premises and equipment, net 28,504 28,662
Bank-owned life insurance 64,235 60,761
Non-marketable equity securities, at cost 14,751 14,618
Deferred tax asset, net 7,146 6,303
Fair value hedge assets 8,793 9,213
Right-of-use asset - operating leases 19,328 17,872
Core Deposit Intangible, net 1,090 1,131
Goodwill 18,034 18,034
Other assets 10,021 12,933
Total assets 3,859,657 3,773,148
Deposits:    
Noninterest bearing 516,909 486,114
Interest bearing 2,805,624 2,750,032
Total deposits 3,322,533 3,236,146
Accrued interest payable 1,636 2,545
Fair value hedge liabilities 7,271 9,221
Lease liability - operating leases 19,845 18,209
Other liabilities 10,054 14,024
Line of credit - Senior Debt 30,875 30,875
Note payable - Subordinated Debt, net 80,399 80,348
Total liabilities 3,472,613 3,391,368
Shareholders' equity:    
Series A Convertible Non-Cumulative Preferred Stock 69 69
Common stock, $1 par value; 50,000,000 shares authorized; 13,657,960 and 13,610,198 issued; and 13,579,498 and 13,531,736 outstanding at March 31, 2023 and December 31, 2022, respectively 13,658 13,610
Additional paid-in capital 318,350 318,033
Retained earnings 58,182 53,270
Accumulated other comprehensive loss (2,116) (2,103)
Treasury stock: at cost; 78,462 shares at March 31, 2023 and December 31, 2022, respectively (1,099) (1,099)
Total shareholders' equity 387,044 381,780
Total liabilities & shareholders' equity $ 3,859,657 $ 3,773,148