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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 44,368 $ 42,373
Interest bearing deposits with other banks 488,326 150,601
Total cash and cash equivalents 532,694 192,974
Debt securities available for sale, at fair value (amortized cost of $565,493 and $533,203 as of December 31, 2020 and 2019, respectively) 584,908 542,313
Trading securities 6,649 9,809
Loans held for sale 8,514 930
Total loans 3,371,789 2,804,035
Less: allowance for credit losses (34,340) (19,473)
Net loans 3,337,449 2,784,562
FHLB and other equity interests 21,018 27,868
Premises and equipment, net 60,064 54,867
Operating lease right-of-use assets 18,407 18,422
Bank owned life insurance 76,471 66,538
Mortgage servicing rights 1,527 1,573
Goodwill 43,749 38,730
Core deposit intangible 567 160
Accrued interest receivable and other assets 37,382 24,913
Total Assets 4,729,399 3,763,659
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Non-interest bearing deposits 627,114 382,259
Interest bearing deposits 3,554,630 2,720,068
Total deposits 4,181,744 3,102,327
FHLB and other long-term borrowings 0 227,907
Subordinated debentures 70,620 70,620
Operating lease liabilities 19,449 19,363
Accrued interest payable and other liabilities 41,449 38,476
Total liabilities 4,313,262 3,458,693
Commitments and contingent liabilities
Preferred stock, Series A non-cumulative perpetual, $0 par value; $1,000 liquidation preference; authorized 60,375 shares; issued 60,375 shares at December 31, 2020 and no shares issued at December 31, 2019 57,785 0
Common stock, $0 par value; authorized 50,000,000 shares; issued 16,978,057 shares at December 31, 2020 and 15,360,946 shares at December 31, 2019 0 0
Additional paid in capital 127,518 99,335
Retained earnings 218,727 201,503
Treasury stock, at cost (145,049 and 112,961 shares for 2020 and 2019, respectively) (2,967) (2,811)
Accumulated other comprehensive income (loss) 15,074 6,939
Total shareholders’ equity 416,137 304,966
Total Liabilities and Shareholders’ Equity $ 4,729,399 $ 3,763,659
Preferred stock, shares issued (in shares) 60,375 0