v3.21.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 30,413 $ 31,480
Federal funds sold and other short-term investments 1,239,525 752,256
Cash and cash equivalents 1,269,938 783,736
Debt securities available for sale, at fair value 241,475 236,832
Debt securities held to maturity (fair value 2021 - $140,412 and 2020 - $83,246) 137,569 79,468
Federal Home Loan Bank (FHLB) stock 11,558 11,558
Loans held for sale, at fair value 2,635 5,422
Total loans 1,136,613 1,429,331
Allowance for loan losses (16,532) (17,408)
Net loans 1,120,081 1,411,923
Premises and equipment - net 42,343 43,254
Accrued interest receivable 4,005 5,625
Bank-owned life insurance 52,781 42,516
Other real estate owned - net 2,343 2,537
Net deferred tax asset 2,126 2,059
Other assets 14,646 17,096
Total assets 2,901,500 2,642,026
Deposits    
Noninterest-bearing 934,477 809,437
Interest-bearing 1,618,698 1,489,150
Total deposits 2,553,175 2,298,587
Other borrowed funds 85,000 70,000
Long-term debt 0 20,619
Accrued expenses and other liabilities 11,112 12,977
Total liabilities 2,649,287 2,402,183
Commitments and contingent liabilities
Shareholders' equity    
Common stock, no par value, 200,000,000 shares authorized; 34,189,799 and 34,197,519 shares issued and outstanding at September 30, 2021 and December 31, 2020 218,991 218,528
Retained earnings 31,728 17,101
Accumulated other comprehensive income 1,494 4,214
Total shareholders' equity 252,213 239,843
Total liabilities and shareholders' equity $ 2,901,500 $ 2,642,026

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