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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 26,446 $ 21,217
Interest-bearing deposits with banks 187,792 187,493
Cash and cash equivalents 214,238 208,710
Restricted investments in bank stocks 6,791 7,252
Securities available for sale (amortized cost of $548,305 and $466,806 at March 31, 2022 and December 31, 2021, respectively) 529,730 472,438
Loans held for sale, at fair value 7,403 8,868
Loans 1,978,307 1,979,986
Less: Allowance for loan losses (21,508) (21,180)
Net loans 1,956,799 1,958,806
Premises and equipment, net 33,704 34,045
Cash surrender value of life insurance 70,622 70,217
Goodwill 18,724 18,724
Other intangible assets, net 3,891 4,183
Accrued interest receivable 8,642 8,234
Other assets 49,993 43,088
Total assets 2,900,537 2,834,565
Deposits:    
Noninterest-bearing 557,756 553,238
Interest-bearing 1,988,236 1,911,691
Total deposits 2,545,992 2,464,929
Securities sold under agreements to repurchase 24,624 23,301
FHLB advances and other borrowings 1,788 1,896
Subordinated notes 31,978 31,963
Other liabilities 41,351 40,820
Total liabilities 2,645,733 2,562,909
Shareholders’ Equity    
Preferred stock, value 0 0
Common stock, value 585 586
Additional paid - in capital 188,033 189,689
Retained earnings 84,943 78,700
Accumulated other comprehensive (loss) income (14,674) 4,449
Treasury stock—168,555 and 75,117 shares, at cost at March 31, 2022 and December 31, 2021, respectively (4,083) (1,768)
Total shareholders’ equity 254,804 271,656
Total liabilities and shareholders’ equity $ 2,900,537 $ 2,834,565