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Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 40,134,000 $ 31,284,000
Interest-bearing balances with other financial institutions 2,536,000 1,541,000
Federal funds sold 712,272,000 270,899,000
Total cash and cash equivalents 754,942,000 303,724,000
Investment securities held to maturity, at amortized cost (fair value $155,680 and $132,794) 152,791,000 128,292,000
Investment securities available for sale, at fair value 5,015,000 5,748,000
Equity securities available for sale, at fair value 505,000 515,000
Loans held for sale 23,154,000 25,506,000
Loans and leases, net of unearned interest 2,370,429,000 2,384,041,000
Less: Allowance for loan and lease losses (14,233,000) (13,382,000)
Net loans and leases 2,356,196,000 2,370,659,000
Bank premises and equipment, net 25,562,000 24,886,000
Operating lease right of use asset 9,942,000 10,157,000
Finance lease right of use asset 3,132,000 3,267,000
Cash surrender value of life insurance 17,406,000 17,183,000
Restricted investment in bank stocks 7,906,000 7,594,000
Accrued interest receivable 10,008,000 12,971,000
Deferred income taxes 4,133,000 3,619,000
Goodwill 62,840,000 62,840,000
Core deposit and other intangibles, net 3,537,000 4,360,000
Foreclosed assets held for sale 11,000 134,000
Other assets 16,107,000 17,493,000
Total Assets 3,453,187,000 2,998,948,000
LIABILITIES & SHAREHOLDERS’ EQUITY    
Deposits: Noninterest-bearing demand 661,890,000 536,224,000
Deposits: Interest-bearing demand 745,833,000 605,567,000
Deposits: Money Market 905,742,000 720,506,000
Deposits: Savings 205,842,000 195,038,000
Deposits: Time 442,574,000 417,245,000
Total Deposits 2,961,881,000 2,474,580,000
Short-term borrowings   125,617,000
Long-term debt 74,858,000 75,115,000
Subordinated debt 44,599,000 44,580,000
Operating lease liability 10,950,000 11,200,000
Accrued interest payable 1,901,000 2,007,000
Other liabilities 9,690,000 10,161,000
Total Liabilities 3,103,879,000 2,743,260,000
Shareholders' Equity:    
Common stock, par value $1.00 per share; 20,000,000 shares authorized; Shares issued: 11,532,006 at September 30, 2021 and 8,511,835 at December 31, 2020; Shares outstanding: 11,433,554 at September 30, 2021 and 8,419,183 at December 31, 2020 11,532,000 8,512,000
Additional paid-in capital 246,830,000 178,853,000
Retained earnings 92,722,000 70,175,000
Accumulated other comprehensive income (loss) 147,000 (57,000)
Treasury stock, at cost; 98,452 shares at September 30, 2021 and 92,652 shares at December 31, 2020 (1,923,000) (1,795,000)
Total Shareholders’ Equity 349,308,000 255,688,000
Total Liabilities and Shareholders' Equity $ 3,453,187,000 $ 2,998,948,000