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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Assets:    
Cash and due from banks $ 58,352 $ 46,558
Interest bearing deposits 106,133 265,198
Cash and cash equivalents 164,485 311,756
Certificates of deposit in other banks 245 245
Debt securities available-for-sale at fair value (amortized cost of $1,588,129 and $1,461,829, respectively) 1,503,165 1,455,429
Equity securities at fair value 2,352 2,253
Loans held for sale 1,941 2,632
Loans 3,515,541 3,408,813
Allowance for credit losses (42,309) (41,756)
Net loans 3,473,232 3,367,057
Premises and equipment, net 40,738 40,479
Right-of-use assets 11,941 12,148
Federal Home Loan Bank stock 8,139 8,139
Federal Reserve Bank stock 4,887 4,887
Goodwill 65,490 65,490
Bank owned life insurance 91,530 91,097
Mortgage servicing rights 7,748 6,774
Other real estate owned 2,299 3,486
Deferred tax asset 19,574 0
Accrued interest receivable 15,024 15,415
Other assets 30,343 30,970
Total assets 5,443,133 5,418,257
Deposits:    
Noninterest bearing 1,398,529 1,331,103
Interest bearing 3,029,775 3,013,189
Total deposits 4,428,304 4,344,292
Repurchase agreements 254,623 271,088
Federal funds purchased 500 500
Advances from Federal Home Loan Bank 370 375
Long-term debt 57,841 57,841
Deferred tax liability 0 546
Operating lease liability 11,380 11,583
Finance lease liability 1,416 1,422
Accrued interest payable 1,306 1,016
Other liabilities 34,022 31,392
Total liabilities 4,789,762 4,720,055
Shareholders' equity:    
Preferred stock, 300,000 shares authorized and unissued 0 0
Common stock, $5.00 par value, shares authorized 25,000,000; shares outstanding 2022 - 17,884,106; 2021 - 17,843,081 89,420 89,215
Capital surplus 227,589 227,085
Retained earnings 399,347 386,750
Accumulated other comprehensive loss, net of tax (62,985) (4,848)
Total shareholders' equity 653,371 698,202
Total liabilities and shareholders' equity $ 5,443,133 $ 5,418,257