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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets:    
Cash and due from banks $ 51,306 $ 46,558
Interest bearing deposits 77,380 265,198
Cash and cash equivalents 128,686 311,756
Certificates of deposit in other banks 245 245
Debt securities available-for-sale at fair value (amortized cost of $1,430,605 and $1,461,829, respectively) 1,256,226 1,455,429
Equity securities at fair value 2,166 2,253
Loans held for sale 109 2,632
Loans 3,709,290 3,408,813
Allowance for credit losses (45,981) (41,756)
Net loans 3,663,309 3,367,057
Premises and equipment, net 42,633 40,479
Operating right-of-use assets 13,809 10,892
Finance right-of-use assets 3,262 1,256
Federal Home Loan Bank stock 6,676 8,139
Federal Reserve Bank stock 4,887 4,887
Goodwill 65,490 65,490
Bank owned life insurance 92,746 91,097
Mortgage servicing rights 8,468 6,774
Other real estate owned 3,671 3,486
Deferred tax asset 39,878 0
Accrued interest receivable 19,592 15,415
Other assets 28,463 30,970
Total assets 5,380,316 5,418,257
Deposits:    
Noninterest bearing 1,394,915 1,331,103
Interest bearing 3,031,228 3,013,189
Total deposits 4,426,143 4,344,292
Repurchase agreements 215,431 271,088
Federal funds purchased 500 500
Advances from Federal Home Loan Bank 355 375
Long-term debt 57,841 57,841
Deferred tax liability 0 546
Operating lease liability 14,160 11,583
Finance lease liability 3,468 1,422
Accrued interest payable 2,237 1,016
Other liabilities 32,134 31,392
Total liabilities 4,752,269 4,720,055
Commitments and contingencies (notes 17 and 19)
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 - 17,918,280; 2021 - 17,843,081 89,591 89,215
Capital surplus 229,012 227,085
Retained earnings 438,596 386,750
Accumulated other comprehensive loss, net of tax (129,152) (4,848)
Total shareholders' equity 628,047 698,202
Total liabilities and shareholders' equity $ 5,380,316 $ 5,418,257