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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 111,126 $ 82,515
Federal funds sold and interest bearing due from banks 103,204 84,852
Total cash and cash equivalents 214,330 167,367
Mortgage loans held for sale, at fair value 7,069 2,606
Available for sale debt securities (amortized cost of $1,238,249 in 2023 and $1,297,977 in 2022, respectively) 1,092,724 1,144,617
Held to maturity debt securities (fair value of $410,249 in 2023 and $431,833 in 2022, respectively) 450,029 473,217
Federal Home Loan Bank stock, at cost 27,366 10,928
Loans [1] 5,418,609 5,205,918
Allowance for credit losses on loans (77,710) (73,531)
Net loans 5,340,899 5,132,387
Premises and equipment, net 98,777 101,612
Premises held for sale 3,233 2,644
Bank owned life insurance 85,782 84,674
Accrued interest receivable 22,547 22,157
Goodwill 194,074 194,074
Other assets 173,084 134,988
Total assets 7,732,552 7,496,261
Liabilities    
Non-interest bearing 1,766,132 1,950,198
Interest bearing 4,442,248 4,441,054
Total deposits 6,208,380 6,391,252
Securities sold under agreements to repurchase 138,347 133,342
Federal funds purchased 11,646 8,789
Subordinated debentures 26,541 26,343
Federal Home Loan Bank advances 400,000 50,000
Accrued interest payable 1,064 660
Other liabilities 138,492 125,443
Total liabilities 6,924,470 6,735,829
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 29,324,000 and 29,259,000 shares in 2023 and 2022, respectively 58,580 58,367
Additional paid-in capital 383,387 377,703
Retained earnings 473,531 439,898
Accumulated other comprehensive loss (107,416) (115,536)
Total stockholders’ equity 808,082 760,432
Total liabilities and equity 7,732,552 7,496,261
Core Deposits [Member]    
Assets    
Intangible 13,442 14,958
Customer Lists [Member]    
Assets    
Intangible $ 9,196 $ 10,032
[1] Total loans are presented inclusive of premiums, discounts and net loan origination fees and costs.