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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 47,137 $ 42,440
Interest bearing deposits with other banks 357,837 689,758
Total cash and cash equivalents 404,974 732,198
Debt securities available-for-sale, at fair value (amortized cost of $575,248 and $698,085 as of March 31, 2022 and December 31, 2021, respectively) 539,562 697,191
Debt securities held-to-maturity, at amortized cost (fair value $295,688 as of March 31, 2022 and $0 as of December 31, 2021) 307,597 0
Equity securities 10,092 10,366
Loans held for sale 1,563 849
Loans 3,756,363 3,634,792
Less: allowance for credit losses (38,117) (37,588)
Net loans 3,718,246 3,597,204
FHLB, other equity interests 23,891 23,276
Premises and equipment, net 62,223 61,659
Operating lease right-of-use assets 25,698 19,928
Bank owned life insurance 100,413 99,719
Mortgage servicing rights 1,872 1,664
Goodwill 43,749 43,749
Core deposit intangible, net 435 460
Accrued interest receivable and other assets 43,685 40,676
Total Assets 5,284,000 5,328,939
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Non-interest bearing demand deposits 817,611 792,086
Interest bearing demand deposits 1,060,951 1,079,336
Savings 2,474,362 2,457,745
Certificates of deposit 337,939 386,452
Total deposits 4,690,863 4,715,619
Subordinated debentures 20,620 20,620
Subordinated notes, net of unamortized issuance costs 83,736 83,661
Operating lease liabilities 26,955 21,159
Accrued interest payable and other liabilities 35,891 45,033
Total liabilities 4,858,065 4,886,092
Commitments and contingent liabilities
Preferred stock, Series A non-cumulative perpetual, $0 par value; $1,000 liquidation preference; shares authorized 60,375; Shares issued 60,375 at March 31, 2022 and December 31, 2021 57,785 57,785
Common stock, no par value; 50,000,000 shares authorized; Shares issued 16,978,057 at March 31, 2022 and 16,978,057 at December 31, 2021 0 0
Additional paid in capital 126,703 127,351
Retained earnings 271,792 260,582
Treasury stock, at cost (117,539 shares at March 31, 2022 and 122,995 shares December 31, 2021) (2,998) (2,477)
Accumulated other comprehensive loss (27,347) (394)
Total shareholders’ equity 425,935 442,847
Total Liabilities and Shareholders’ Equity 5,284,000 5,328,939
PPP, net of deferred processing fees    
ASSETS    
Loans 18,416 45,203
Syndicated    
ASSETS    
Loans 147,085 125,761
All other    
ASSETS    
Loans $ 3,590,862 $ 3,463,828