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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks, noninterest-bearing $ 71,206 $ 93,724
Due from banks, interest-bearing 458,860 273,566
Total cash and cash equivalents 530,066 367,290
Securities available for sale 1,821,697 1,453,132
Securities held to maturity (fair values of $195,424 and $170,734) 198,843 167,551
Presold mortgages in process of settlement at fair value 31,869 42,271
SBA Loans held for sale 7,002 6,077
Loans 4,624,054 4,731,315
Allowance for credit losses on loans (65,849) (52,388)
Net loans 4,558,205 4,678,927
Premises and equipment 123,271 120,502
Operating right-of-use lease assets 16,899 17,514
Accrued interest receivable 18,652 20,272
Goodwill 239,272 239,272
Other intangible assets 14,606 15,366
Foreclosed properties 1,811 2,424
Bank-owned life insurance 107,594 106,974
Other assets 66,607 52,179
Total assets 7,736,394 7,289,751
LIABILITIES    
Noninterest bearing checking accounts 2,430,198 2,210,012
Interest bearing checking accounts 1,258,500 1,172,022
Money market accounts 1,721,230 1,581,364
Savings accounts 567,715 519,266
Time deposits of $100,000 or more 535,519 564,365
Other time deposits 220,325 226,567
Total deposits 6,733,487 6,273,596
Borrowings 61,342 61,829
Accrued interest payable 741 904
Operating lease liabilities 17,354 17,868
Other liabilities 46,617 42,133
Total liabilities 6,859,541 6,396,330
Commitments and contingencies
SHAREHOLDERS’ EQUITY    
Preferred stock, no par value per share. Authorized: 5,000,000 shares, Issued & outstanding: none and none 0 0
Common stock, no par value per share. Authorized: 40,000,000 shares, Issued & outstanding: 28,489,474 and 28,579,335 shares 397,094 400,582
Retained earnings 483,944 478,489
Stock in rabbi trust assumed in acquisition (2,256) (2,243)
Rabbi trust obligation 2,256 2,243
Accumulated other comprehensive income (loss) (4,185) 14,350
Total shareholders’ equity 876,853 893,421
Total liabilities and shareholders’ equity $ 7,736,394 $ 7,289,751