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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 132,299 $ 137,684
Interest-bearing deposits with banks 630,187 424,870
Total cash and cash equivalents 762,486 562,554
Debt securities available-for-sale, at fair value 1,280,761 1,022,182
Other securities 22,225 27,475
Total securities 1,302,986 1,049,657
Loans held for sale 6,000 21,432
Loans held for investment 3,036,732 3,123,678
Allowance for credit losses [1] (32,457) (35,820)
Net loans held for investment 3,004,275 3,087,858
Interest receivable 24,026 26,344
Premises and equipment 112,968 114,823
Operating lease right-of-use assets 5,164 5,969
Finance lease right-of-use assets 2,535 2,658
Cash surrender value of bank-owned life insurance 86,926 73,732
Goodwill 156,944 156,944
Other real estate owned 3,529 5,802
Other assets 41,894 44,987
Total assets 5,509,733 5,152,760
Deposits:    
Noninterest-bearing 682,014 571,079
Interest-bearing 3,991,898 3,644,201
Total deposits 4,673,912 4,215,280
Interest payable 1,827 2,134
Borrowed funds   114,647
Subordinated debentures 144,611 144,592
Operating lease liabilities 5,247 6,031
Finance lease liabilities 2,187 2,281
Allowance for credit losses on off-balance sheet credit exposures 718 [1] 0
Other liabilities 21,179 22,980
Total liabilities 4,849,681 4,507,945
Shareholders' equity:    
Common stock, par value $1 per share, 40,000,000 shares authorized;21,670,330 shares issued at June 30, 2021, and 21,598,993 shares issued at December 31, 2020, respectively 21,670 21,599
Additional paid-in capital 457,396 456,919
Retained earnings 180,820 154,241
Accumulated other comprehensive income 19,097 25,816
Treasury stock, at cost, 649,607 shares at June 30, 2021 and 483,984 shares at December 31, 2020 (18,931) (13,760)
Total shareholders' equity 660,052 644,815
Total liabilities and shareholders' equity $ 5,509,733 $ 5,152,760
[1] – Beginning January 1, 2021, allowance for credit losses is based on current expected credit loss methodology. Prior to January 1, 2021, allowance for loan loss was based on incurred loss methodology