XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 25,825 $ 21,217
Interest-bearing deposits with banks 86,081 187,493
Cash and cash equivalents 111,906 208,710
Restricted investments in bank stocks 6,500 7,252
Securities available for sale (amortized cost of $549,876 and $466,806 at June 30, 2022 and December 31, 2021, respectively) 512,698 472,438
Loans held for sale, at fair value 7,824 8,868
Loans 2,017,629 1,979,986
Less: Allowance for loan losses (23,279) (21,180)
Net loans 1,994,350 1,958,806
Premises and equipment, net 33,429 34,045
Cash surrender value of life insurance 70,912 70,217
Goodwill 18,724 18,724
Other intangible assets, net 3,610 4,183
Accrued interest receivable 8,425 8,234
Other assets 55,823 43,088
Total assets 2,824,201 2,834,565
Deposits:    
Noninterest-bearing 569,231 553,238
Interest-bearing 1,909,385 1,911,691
Total deposits 2,478,616 2,464,929
Securities sold under agreements to repurchase 24,287 23,301
FHLB advances and other borrowings 1,678 1,896
Subordinated notes 31,994 31,963
Other liabilities 50,099 40,820
Total liabilities 2,586,674 2,562,909
Shareholders’ Equity    
Preferred stock, value 0 0
Common stock, value 585 586
Additional paid - in capital 188,178 189,689
Retained earnings 91,723 78,700
Accumulated other comprehensive (loss) income (29,370) 4,449
Treasury stock—560,879 and 75,117 shares, at cost at June 30, 2022 and December 31, 2021, respectively (13,589) (1,768)
Total shareholders’ equity 237,527 271,656
Total liabilities and shareholders’ equity $ 2,824,201 $ 2,834,565