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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Assets    
Cash $ 199,158 $ 262,327
Interest-bearing deposits due from banks 29,372 7,763
Total cash and cash equivalents 228,530 270,090
Investment securities, available for sale, at estimated fair value (allowance for credit losses of $83 at December 31, 2021, and $2 at December 31, 2020) 769,956 855,746
Investment securities, held to maturity (estimated fair value of $815,211 at December 31, 2021, and $93,868 at December 31, 2020, and allowance for credit losses of $181 at December 31, 2021, and none at December 31, 2020) 824,956 90,766
Equity securities, at fair value 17,368 14,694
Federal Home Loan Bank and other membership stock, at cost 9,049 11,979
Loans held for sale 1,943 1,335
Loans, net of deferred fees 5,976,148 6,021,232
Less: Allowance for credit losses 58,047 71,124
Total loans, net 5,918,101 5,950,108
Premises and equipment, net 45,916 48,495
Operating lease right-of-use assets 15,222 16,772
Accrued interest receivable 19,209 19,339
Goodwill 156,277 156,277
Other identifiable intangible assets 2,420 3,288
Bank owned life insurance 117,356 115,115
Other assets 71,753 110,293
Total Assets 8,198,056 7,664,297
Liabilities    
Deposits 6,965,823 6,455,783
Federal funds purchased and securities sold under agreements to repurchase 106,453 169,560
Other borrowings 25,000 25,000
Subordinated debentures 179,043 118,257
Operating lease liabilities 16,523 18,183
Other liabilities 78,200 113,730
Total Liabilities 7,371,042 6,900,513
Stockholders’ Equity    
Common stock, no par value; authorized 100,000,000 shares; issued 50,737,400 shares and outstanding 50,606,365 shares at December 31, 2021, and issued 50,610,681 shares and outstanding 50,479,646 shares at December 31, 2020 565,862 562,421
Retained earnings 259,340 191,418
Treasury shares, at cost, 131,035 shares at December 31, 2021 and December 31, 2020 (1,452) (1,452)
Accumulated other comprehensive income 3,264 11,397
Total Stockholders’ Equity 827,014 763,784
Total Liabilities and Stockholders’ Equity $ 8,198,056 $ 7,664,297