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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 87,922 $ 82,515
Federal funds sold and interest bearing due from banks 229,076 84,852
Total cash and cash equivalents 316,998 167,367
Mortgage loans held for sale, at fair value 6,397 2,606
Available for sale debt securities (amortized cost of $1,266,356 in 2023 and $1,297,977 in 2022, respectively) 1,131,852 1,144,617
Held to maturity debt securities (fair value of $433,900 in 2023 and $431,833 in 2022, respectively) 468,751 473,217
Federal Home Loan Bank stock, at cost 23,226 10,928
Loans [1] 5,243,104 5,205,918
Allowance for credit losses on loans 75,673 73,531
Net loans 5,167,431 5,132,387
Premises and equipment, net 100,761 101,612
Premises held for sale 3,246 2,644
Bank owned life insurance 85,223 84,674
Accrued interest receivable 20,561 22,157
Goodwill 194,074 194,074
Other assets 125,318 134,988
Total assets 7,667,648 7,496,261
Liabilities    
Non-interest bearing 1,845,302 1,950,198
Interest bearing 4,511,893 4,441,054
Total deposits 6,357,195 6,391,252
Securities sold under agreements to repurchase 104,578 133,342
Federal funds purchased 14,745 8,789
Subordinated debentures 26,442 26,343
Federal Home Loan Bank advances 275,000 50,000
Accrued interest payable 1,029 660
Other liabilities 94,291 125,443
Total liabilities 6,873,280 6,735,829
Commitments and contingent liabilities (Footnote 13)
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 29,324,000 and 29,259,000 shares in 2023 and 2022, respectively 58,582 58,367
Additional paid-in capital 382,391 377,703
Retained earnings 454,338 439,898
Accumulated other comprehensive loss (100,943) (115,536)
Total stockholders’ equity 794,368 760,432
Total liabilities and equity 7,667,648 7,496,261
Core Deposits [Member]    
Assets    
Intangible 14,196 14,958
Customer Lists [Member]    
Assets    
Intangible $ 9,614 $ 10,032
[1] Total loans are presented inclusive of premiums, discounts and net loan origination fees and costs.