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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 109,799 $ 62,304
Federal funds sold and interest bearing due from banks 641,892 898,888
Total cash and cash equivalents 751,691 961,192
Mortgage loans held for sale, at fair value 9,323 8,614
Available for sale debt securities (amortized cost of $1,225,815 in 2022 and $1,190,379 in 2021, respectively) 1,150,355 1,180,298
Held to maturity debt securities (fair value of $535,807 in 2022 and $0 in 2021, respectively) 548,191 0
Federal Home Loan Bank stock, at cost 13,811 9,376
Loans [1],[2] 4,847,683 4,169,303
Allowance for credit losses on loans 67,067 53,898
Net loans 4,780,616 4,115,405
Premises and equipment, net 108,827 76,894
Bank owned life insurance 53,339 53,073
Accrued interest receivable 15,690 13,745
Goodwill 202,524 135,830
Other assets 110,817 86,002
Total assets 7,777,152 6,646,025
Liabilities    
Non-interest bearing 2,089,072 1,755,754
Interest bearing 4,656,419 4,031,760
Total deposits 6,745,491 5,787,514
Securities sold under agreements to repurchase 142,146 75,466
Federal funds purchased 8,920 10,374
Subordinated debentures 26,045 0
Accrued interest payable 337 300
Other liabilities 92,993 96,502
Total liabilities 7,015,932 5,970,156
Commitments and contingent liabilities (Footnote 12)
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 29,220,000 and 26,596,000 shares in 2022 and 2021, respectively 58,238 49,501
Additional paid-in capital 372,555 243,107
Retained earnings 384,949 391,201
Accumulated other comprehensive loss (57,599) (7,940)
Total stockholders’ equity 758,143 675,869
Noncontrolling interest 3,077 0
Total equity 761,220 675,869
Total liabilities and equity 7,777,152 6,646,025
Core Deposits [Member]    
Assets    
Intangible 17,826 5,596
Customer Lists [Member]    
Assets    
Intangible $ 14,142 $ 0
[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 March 31, 2022 and December 31, 2021, outstanding CARES Act loan deferrals of $165,000 and $169,000 are reflected as current, respectively.
[2] Total loans are presented inclusive of premiums, discounts and net loan origination fees and costs.