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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 84,520 $ 43,179
Federal funds sold and interest bearing due from banks 500,421 274,766
Total cash and cash equivalents 584,941 317,945
Mortgage loans held for sale 10,201 22,547
Available for sale debt securities (amortized cost of $1,072,993 in 2021 and $574,722 in 2020, respectively) 1,070,148 586,978
Federal Home Loan Bank stock, at cost 9,376 11,284
Loans [1],[2] 4,189,117 3,531,596
Allowance for credit losses on loans 56,533 51,920
Net loans 4,132,584 3,479,676
Premises and equipment, net 77,350 58,015
Bank owned life insurance 52,802 33,250
Accrued interest receivable 13,749 13,094
Goodwill 135,830 12,513
Core deposit intangible 5,871 1,962
Other assets 88,336 71,365
Total assets 6,181,188 4,608,629
Liabilities    
Non-interest bearing 1,744,790 1,187,057
Interest bearing 3,597,234 2,801,577
Total deposits 5,342,024 3,988,634
Securities sold under agreements to repurchase 74,406 47,979
Federal funds purchased 10,908 11,464
Federal Home Loan Bank advances 10,000 31,639
Accrued interest payable 398 391
Other liabilities 79,905 87,821
Total liabilities 5,517,641 4,167,928
Commitments and contingent liabilities (Footnote 11)
Stockholders’ equity    
Common stock, no par value. Authorized 40,000,000 shares; issued and outstanding 26,585,000 and 22,692,000 shares in 2021 and 2020, respectively 49,462 36,500
Additional paid-in capital 241,254 41,886
Retained earnings 375,462 353,574
Accumulated other comprehensive income (loss) (2,631) 8,741
Total stockholders’ equity 663,547 440,701
Total liabilities and stockholders’ equity $ 6,181,188 $ 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 September 30, 2021 and December 31, 2020, outstanding CARES Act loan deferrals of $355,000 and $37 million are reflected as current, respectively.
[2] Total loans are presented inclusive of premiums, discounts and net loan origination fees and costs.