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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 94,466 $ 82,515
Federal funds sold and interest bearing due from banks 171,493 84,852
Total cash and cash equivalents 265,959 167,367
Mortgage loans held for sale, at fair value 6,056 2,606
Available for sale debt securities (amortized cost of $1,154,153 in 2023 and $1,297,977 in 2022, respectively) 1,031,179 1,144,617
Held to maturity debt securities (fair value of $408,519 in 2023 and $431,833 in 2022, respectively) 439,837 473,217
Federal Home Loan Bank stock, at cost 16,236 10,928
Loans [1] 5,771,038 5,205,918
Allowance for credit losses on loans (79,374) (73,531)
Net loans 5,691,664 5,132,387
Premises and equipment, net 101,174 101,612
Premises held for sale 2,502 2,644
Bank owned life insurance 86,927 84,674
Accrued interest receivable 26,830 22,157
Goodwill 194,074 194,074
Other assets 287,360 134,988
Total assets 8,170,102 7,496,261
Liabilities    
Non-interest bearing 1,548,624 1,950,198
Interest bearing 5,122,124 4,441,054
Total deposits 6,670,748 6,391,252
Securities sold under agreements to repurchase 152,991 133,342
Federal funds purchased 12,852 8,789
Subordinated debentures 26,740 26,343
Federal Home Loan Bank advances 200,000 50,000
Accrued interest payable 2,094 660
Other liabilities 246,574 125,443
Total liabilities 7,311,999 6,735,829
Commitments and contingent liabilities (Footnote 21)
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 29,329,000 and 29,259,000 shares in 2023 and 2022, respectively 58,602 58,367
Additional paid-in capital 385,955 377,703
Retained earnings 506,344 439,898
Accumulated other comprehensive loss (92,798) (115,536)
Total stockholders’ equity 858,103 760,432
Total liabilities and equity 8,170,102 7,496,261
Core Deposits [Member]    
Assets    
Intangible 11,944 14,958
Customer Lists [Member]    
Assets    
Intangible $ 8,360 $ 10,032
[1] Total loans are presented inclusive of premiums, discounts and net loan origination fees and costs.