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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 43,518 $ 44,368
Interest bearing deposits with other banks 609,725 488,326
Total cash and cash equivalents 653,243 532,694
Securities available for sale 613,461 584,908
Trading securities 6,877 6,649
Loans held for sale 1,897 8,514
Loans 3,400,984 3,371,789
Less: allowance for credit losses (35,555) (34,340)
Net loans 3,365,429 3,337,449
FHLB, other equity, and restricted equity interests 20,463 21,018
Premises and equipment, net 60,177 60,064
Operating lease assets 18,130 18,407
Bank owned life insurance 76,022 76,471
Mortgage servicing rights 1,723 1,527
Goodwill 43,749 43,749
Core deposit intangible 539 567
Accrued interest receivable and other assets 39,382 37,382
Total Assets 4,901,092 4,729,399
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Non-interest bearing deposits 699,231 627,114
Interest bearing deposits 3,658,869 3,554,630
Total deposits 4,358,100 4,181,744
Subordinated debentures 70,620 70,620
Operating lease liabilities 19,234 19,449
Accrued interest payable and other liabilities 35,535 41,449
Total liabilities 4,483,489 4,313,262
Preferred stock, Series A non-cumulative perpetual, $0 par value; $1,000 liquidation preference; authorized 60,375 shares; issued 60,375 shares at March 31, 2021 and December 31, 2020, respectively 57,785 57,785
Common stock, $0 par value; authorized 50,000,000 shares; issued 16,978,057 shares at March 31, 2021 and December 31, 2020, respectively 0 0
Additional paid in capital 126,572 127,518
Retained earnings 228,973 218,727
Treasury stock, at cost (93,473 and 145,049 shares for March 31, 2021 and December 31, 2020, respectively) (1,671) (2,967)
Accumulated other comprehensive income (loss) 5,944 15,074
Total shareholders’ equity 417,603 416,137
Total Liabilities and Shareholders’ Equity $ 4,901,092 $ 4,729,399