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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 15,670 $ 14,072
Interest bearing deposits with banks 36,782 104,812
Cash and cash equivalents 52,452 118,884
Investment securities available for sale, at fair value 999,521 1,075,366
Investment securities held to maturity, at amortized cost (fair value of $1,267,546 and $1,647,360, respectively) 1,562,376 1,660,292
Equity securities 6,627 9,173
Restricted stock, at cost 21,907 3,510
Mortgage loans held for sale, at fair value 6,038 8,538
Other loans held for sale 4,785 5,224
Loans receivable (net of allowance for credit losses of $25,255 and $18,964, respectively) 3,035,597 2,488,401
Premises and equipment, net 130,902 127,440
Other real estate owned, net 876 360
Accrued interest receivable 18,783 15,073
Operating lease right-of-use asset 73,135 75,627
Other assets 86,255 38,768
Total Assets 5,999,254 5,626,656
Deposits    
Demand - non-interest bearing 1,418,060 1,404,360
Demand - interest bearing 2,497,761 2,283,779
Money market and savings 1,217,580 1,305,096
Time deposits 118,183 197,945
Total Deposits 5,251,584 5,191,180
Other borrowings 442,500 0
Accrued interest payable 401 550
Other liabilities 24,409 17,636
Operating lease liability 79,620 81,770
Subordinated debt 11,282 11,278
Total Liabilities 5,809,796 5,302,414
Commitments and contingencies (see note 4) 0 0
Shareholders’ Equity    
Preferred stock, par value $0.01 per share; liquidation preference $25.00 per share; 10,000,000 shares authorized; shares issued 1,471,000 as of September 30, 2022 and 2,000,000 as of December 31, 2021; shares outstanding 1,471,000 as of September 30, 2022 and 2,000,000 as of December 31, 2021 15 20
Common stock, par value $0.01 per share: 100,000,000 shares authorized; shares issued 64,315,909 as of September 30, 2022 and 59,471,998 as of December 31, 2021; shares outstanding 63,787,064 as of September 30, 2022 and 58,943,153 as of December 31, 2021 643 595
Additional paid in capital 326,549 324,618
Retained earnings 19,601 13,591
Treasury stock at cost (503,408 shares as of September 30, 2022 and December 31, 2021) (3,725) (3,725)
Stock held by deferred compensation plan (25,437 shares as of September 30, 2022 and December 31, 2021) (183) (183)
Accumulated other comprehensive loss (153,442) (10,674)
Total Shareholders’ Equity 189,458 324,242
Total Liabilities and Shareholders’ Equity $ 5,999,254 $ 5,626,656