XML 13 R2.htm IDEA: XBRL DOCUMENT v3.23.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 105,788 $ 67,176
Interest-bearing deposits with banks 88,262 78,139
Total cash and cash equivalents 194,050 145,315
Securities available-for-sale, at fair value (amortized cost: $1,356,696 - 2023; $1,418,337 - 2022; allowance for credit losses: $0) 1,199,103 1,257,101
Securities held to maturity, net of allowance for credit losses of $0 (fair value: $613,831 - 2023; $642,097 - 2022) 663,473 691,484
Other securities 35,725 33,944
Total securities 1,898,301 1,982,529
Loans held for sale 6,602 4,443
Loans held for investment 5,010,925 3,774,157
Allowance for credit losses (52,614) (38,917)
Net loans held for investment 4,958,311 3,735,240
Interest receivable 30,837 27,723
Premises and equipment 178,489 143,518
Operating lease right-of-use assets 6,194 7,620
Finance lease right-of-use assets 1,698 1,930
Cash surrender value of bank-owned life insurance 132,737 95,571
Goodwill 272,522 180,254
Other real estate owned 5,588 4,832
Other assets 176,779 132,742
Total assets 7,862,108 6,461,717
Deposits:    
Noninterest-bearing 2,086,666 1,630,203
Interest-bearing 4,405,601 3,864,201
Total deposits 6,492,267 5,494,404
Interest payable 7,968 3,324
Borrowed funds 280,000 130,100
Subordinated debentures 128,214 145,027
Operating lease liabilities 6,353 7,810
Finance lease liabilities 1,829 1,918
Allowance for credit losses on off-balance sheet credit exposures 2,075 1,325
Other liabilities 43,956 31,146
Total liabilities 6,962,662 5,815,054
Shareholders’ equity:    
Common stock, par value $1 per share, 80,000,000 shares authorized shares authorized; 32,345,400 shares issued at June 30, 2023, and par value $1 per share, 40,000,000 shares authorized; 25,275,369 shares issued at December 31, 2022 32,345 25,275
Additional paid-in capital 774,101 558,833
Retained earnings 279,350 252,623
Accumulated other comprehensive (loss) income (145,239) (148,957)
Treasury stock, at cost, 1,249,607 shares at June 30, 2023 and at December 31, 2022 (41,111) (41,111)
Total shareholders’ equity 899,446 646,663
Total liabilities and shareholders’ equity $ 7,862,108 $ 6,461,717