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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 28,477 $ 21,217
Interest-bearing deposits with banks 32,346 187,493
Cash and cash equivalents 60,823 208,710
Restricted investments in bank stocks 10,642 7,252
Securities available-for-sale (amortized cost of $563,278 and $466,806 at December 31, 2022 and 2021, respectively) 513,728 472,438
Loans held for sale, at fair value 10,880 8,868
Loans 2,151,232 1,979,986
Less: Allowance for loan losses (25,178) (21,180)
Net loans 2,126,054 1,958,806
Premises and equipment, net 29,328 34,045
Cash surrender value of life insurance 71,760 70,217
Goodwill 18,724 18,724
Other intangible assets, net 3,078 4,183
Accrued interest receivable 11,027 8,234
Deferred tax asset, net 24,031 11,648
Other assets 42,333 31,440
Total assets 2,922,408 2,834,565
Deposits:    
Noninterest-bearing 494,131 553,238
Interest-bearing 1,950,807 1,911,691
Deposits held for assumption in connection with sale of bank branch 31,307 0
Total deposits 2,476,246 2,464,929
Securities sold under agreements to repurchase 17,251 23,301
FHLB advances and other 106,139 1,896
Subordinated notes 32,026 31,963
Other liabilities 61,850 40,820
Total liabilities 2,693,512 2,562,909
Shareholders’ Equity    
Preferred stock, $1.25 par value per share; 500,000 shares authorized; no shares issued or outstanding 0 0
Common stock, no par value—$0.05205 stated value per share 50,000,000 shares authorized; 11,229,242 shares issued and 10,671,413 outstanding at December 31, 2022; 11,258,167 shares issued and 11,183,050 outstanding at December 31, 2021 584 586
Additional paid—in capital 189,264 189,689
Retained earnings 92,473 78,700
Accumulated other comprehensive (loss) income (39,913) 4,449
Treasury stock— 557,829 and 75,117 shares, at cost, at December 31, 2022 and 2021, respectively (13,512) (1,768)
Total shareholders’ equity 228,896 271,656
Total liabilities and shareholders’ equity $ 2,922,408 $ 2,834,565