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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 34,481 $ 21,217
Interest-bearing deposits with banks 32,446 187,493
Cash and cash equivalents 66,927 208,710
Restricted investments in bank stocks 6,469 7,252
Securities available for sale (amortized cost of $558,057 and $466,806 at September 30, 2022 and December 31, 2021, respectively) 503,596 472,438
Loans held for sale, at fair value 10,175 8,868
Loans 2,087,927 1,979,986
Less: Allowance for loan losses (24,709) (21,180)
Net loans 2,063,218 1,958,806
Premises and equipment, net 31,457 34,045
Cash surrender value of life insurance 71,332 70,217
Goodwill 18,724 18,724
Other intangible assets, net 3,338 4,183
Accrued interest receivable 9,212 8,234
Deferred tax assets, net 26,875 11,648
Other assets 40,769 31,440
Total assets 2,852,092 2,834,565
Deposits:    
Noninterest-bearing 562,024 553,238
Interest-bearing 1,943,829 1,911,691
Total deposits 2,505,853 2,464,929
Securities sold under agreements to repurchase 21,065 23,301
FHLB advances and other borrowings 1,567 1,896
Subordinated notes 32,010 31,963
Other liabilities 74,219 40,820
Total liabilities 2,634,714 2,562,909
Shareholders’ Equity    
Preferred stock, value 0 0
Common stock, value 585 586
Additional paid - in capital 188,730 189,689
Retained earnings 84,867 78,700
Accumulated other comprehensive (loss) income (43,468) 4,449
Treasury stock—550,494 and 75,117 shares, at cost at September 30, 2022 and December 31, 2021, respectively (13,336) (1,768)
Total shareholders’ equity 217,378 271,656
Total liabilities and shareholders’ equity $ 2,852,092 $ 2,834,565