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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 58,477 $ 43,179
Federal funds sold and interest bearing due from banks 481,716 274,766
Total cash and cash equivalents 540,193 317,945
Mortgage loans held for sale 5,420 22,547
Available for sale debt securities (amortized cost of $1,003,871) in 2021 and $574,722 in 2020, respectively) 1,006,908 586,978
Federal Home Loan Bank stock, at cost 14,475 11,284
Loans [1],[2] 4,206,392 3,531,596
Allowance for credit losses on loans 59,424 51,920
Net loans 4,146,968 3,479,676
Premises and equipment, net 77,639 58,015
Bank owned life insurance 52,526 33,250
Accrued interest receivable 15,262 13,094
Goodwill 136,529 12,513
Core deposit intangible 5,162 1,962
Other assets 86,990 71,365
Total assets 6,088,072 4,608,629
Liabilities    
Non-interest bearing 1,743,953 1,187,057
Interest bearing 3,516,153 2,801,577
Total deposits 5,260,106 3,988,634
Securities sold under agreements to repurchase 63,942 47,979
Federal funds purchased 10,947 11,464
Federal Home Loan Bank advances 10,000 31,639
Accrued interest payable 630 391
Other liabilities 91,358 87,821
Total liabilities 5,436,983 4,167,928
Commitments and contingent liabilities (Footnote 11)
Stockholders’ equity    
Preferred stock, no par value. Authorized 1,000,000 shares; no shares issued or outstanding 0 0
Common stock, no par value. Authorized 40,000,000 shares; issued and outstanding 26,588,000 and 22,692,000 shares in 2021 and 2020, respectively 49,471 36,500
Additional paid-in capital 240,200 41,886
Retained earnings 359,628 353,574
Accumulated other comprehensive income 1,790 8,741
Total stockholders’ equity 651,089 440,701
Total liabilities and stockholders’ equity $ 6,088,072 $ 4,608,629
[1] Pursuant to the CARES Act, loan deferrals granted to borrowers experiencing business interruptions related to the pandemic were not classified as TDRs and not included in past due and/or non-performing loan statistics. As of June 30, 2021 and December 31, 2020, outstanding CARES Act loan deferrals of $8 million and $37 million are reflected as current, respectively.
[2] Total loans are presented inclusive of premiums, discounts and net loan origination fees and costs.