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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 53,368 $ 41,100
Interest-bearing balances with other financial institutions 4,405 146,031
Federal funds sold 3,108 726,621
Total cash and cash equivalents 60,881 913,752
Investment securities:    
Held to maturity, at amortized cost 399,494 329,257
Available for sale, at fair value 237,878 62,862
Equity securities available for sale, at fair value 430 500
Loans held for sale, at fair value 2,475 11,514
Loans, net of unearned interest 3,514,119 3,104,396
Less: Allowance for loan losses (18,957) (14,597)
Net loans 3,495,162 3,089,799
Premises and equipment, net 34,471 33,232
Bank premises and equipment held for sale 1,306 3,907
Operating lease right of use asset 8,798 9,055
Finance lease right of use asset 2,907 3,087
Cash surrender value of life insurance 50,674 49,661
Restricted investment in bank stocks 8,315 9,134
Accrued interest receivable 18,405 11,328
Deferred income taxes 13,674 10,779
Goodwill 114,231 113,835
Core deposit and other intangibles, net 7,260 9,436
Foreclosed assets held for sale 43 0
Other assets 41,550 28,287
Total Assets 4,497,954 4,689,425
Deposits:    
Noninterest-bearing demand 793,939 850,438
Interest-bearing demand deposits 2,325,847 2,524,921
Time 658,545 626,657
Total Deposits 3,778,331 4,002,016
Short-term borrowings 102,647 0
Long-term debt 4,409 81,270
Subordinated debt and trust preferred securities 56,941 74,274
Operating lease liability 9,725 11,363
Accrued interest payable 2,303 1,791
Other liabilities 31,499 28,635
Total Liabilities 3,985,855 4,199,349
Shareholders' Equity:    
Common stock, par value $1.00; 20,000,000 shares authorized; 16,094,486 issued at December 31, 2022 and 16,056,282 at December 31, 2021; 15,886,143 outstanding at December 31, 2022 and 15,957,830 at December 31, 2021 16,094 16,056
Additional paid-in capital 386,987 384,742
Retained earnings 133,114 91,043
Accumulated other comprehensive (loss) income (19,216) 158
Treasury Stock, at cost; 208,343 and 98,452 shares at December 31, 2022 and December 31, 2021 (4,880) (1,923)
Total Shareholders’ Equity 512,099 490,076
Total Liabilities and Shareholders' Equity $ 4,497,954 $ 4,689,425