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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 79,538 $ 82,515
Federal funds sold and interest bearing due from banks 113,499 84,852
Total cash and cash equivalents 193,037 167,367
Mortgage loans held for sale, at fair value 6,535 2,606
Available for sale debt securities (amortized cost of $1,195,721 in 2023 and $1,297,977 in 2022, respectively) 1,020,248 1,144,617
Held to maturity debt securities (fair value of $397,418 in 2023 and $431,833 in 2022, respectively) 445,205 473,217
Federal Home Loan Bank stock, at cost 26,241 10,928
Loans [1] 5,617,084 5,205,918
Allowance for credit losses on loans (78,075) (73,531)
Net loans 5,539,009 5,132,387
Premises and equipment, net 98,425 101,612
Premises held for sale 2,388 2,644
Bank owned life insurance 86,351 84,674
Accrued interest receivable 23,777 22,157
Goodwill 194,074 194,074
Other assets 246,669 134,988
Total assets 7,903,430 7,496,261
Liabilities    
Non-interest bearing 1,714,918 1,950,198
Interest bearing 4,687,889 4,441,054
Total deposits 6,402,807 6,391,252
Securities sold under agreements to repurchase 113,894 133,342
Federal funds purchased 11,518 8,789
Subordinated debentures 26,641 26,343
Federal Home Loan Bank advances 350,000 50,000
Accrued interest payable 1,836 660
Other liabilities 189,816 125,443
Total liabilities 7,096,512 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 29,323,000 and 29,259,000 shares in 2023 and 2022, respectively 58,579 58,367
Additional paid-in capital 384,399 377,703
Retained earnings 491,845 439,898
Accumulated other comprehensive loss (127,905) (115,536)
Total stockholders’ equity 806,918 760,432
Total liabilities and equity 7,903,430 7,496,261
Core Deposits [Member]    
Assets    
Intangible 12,693 14,958
Customer Lists [Member]    
Assets    
Intangible $ 8,778 $ 10,032
[1] Total loans are presented inclusive of premiums, discounts and net loan origination fees and costs.