v3.22.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 31,957 $ 23,669
Federal funds sold and other short-term investments 1,078,983 1,128,119
Cash and cash equivalents 1,110,940 1,151,788
Debt securities available for sale, at fair value 346,114 416,063
Debt securities held to maturity (fair value 2022 - $246,715 and 2021 - $139,272) 254,565 137,003
Federal Home Loan Bank (FHLB) stock 10,211 11,558
Loans held for sale, at fair value 855 1,407
Total loans 1,101,902 1,108,993
Allowance for loan losses (14,616) (15,889)
Net loans 1,087,286 1,093,104
Premises and equipment - net 41,413 41,773
Accrued interest receivable 4,896 4,088
Bank owned life insurance 52,720 52,468
Other real estate owned - net 2,343 2,343
Net deferred tax asset 4,859 2,163
Other assets 13,681 14,993
Total assets 2,929,883 2,928,751
Deposits    
Noninterest-bearing 918,907 886,115
Interest-bearing 1,663,390 1,691,843
Total deposits 2,582,297 2,577,958
Other borrowed funds 85,000 85,000
Accrued expenses and other liabilities 16,984 11,788
Total liabilities 2,684,281 2,674,746
Commitments and contingent liabilities
Shareholders' equity    
Common stock, no par value, 200,000,000 shares authorized; 34,253,962 and 34,259,945 shares issued and outstanding at March 31, 2022 and December 31, 2021 219,266 219,082
Retained earnings 38,492 35,220
Accumulated other comprehensive loss (12,156) (297)
Total shareholders' equity 245,602 254,005
Total liabilities and shareholders' equity $ 2,929,883 $ 2,928,751

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