XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 27,612 $ 28,477
Interest-bearing deposits with banks 70,711 32,346
Cash and cash equivalents 98,323 60,823
Restricted investments in bank stocks 12,869 10,642
Securities available for sale (amortized cost of $561,008 and $563,278 at March 31, 2023 and December 31, 2022, respectively) 520,232 513,728
Loans held for sale, at fair value 7,341 10,880
Loans 2,207,501 2,151,232
Less: Allowance for credit losses (28,364) (25,178)
Net loans 2,179,137 2,126,054
Premises and equipment, net 29,106 29,328
Cash surrender value of life insurance 72,179 71,760
Goodwill 18,724 18,724
Other intangible assets, net 2,828 3,078
Accrued interest receivable 10,911 11,027
Deferred tax assets, net 21,335 24,031
Other assets 38,563 42,333
Total assets 3,011,548 2,922,408
Deposits:    
Noninterest-bearing 488,630 494,131
Interest-bearing 1,999,479 1,950,807
Deposits held for assumption in connection with sale of bank branch 27,517 31,307
Total deposits 2,515,626 2,476,246
Securities sold under agreements to repurchase and federal funds purchased 13,989 17,251
FHLB advances and other borrowings 162,326 106,139
Subordinated notes 32,042 32,026
Other liabilities 47,404 61,850
Total liabilities 2,771,387 2,693,512
Shareholders’ Equity    
Preferred stock, value 0 0
Common stock, value 584 584
Additional paid - in capital 187,572 189,264
Retained earnings 97,519 92,473
Accumulated other comprehensive loss (32,825) (39,913)
Treasury stock—530,825 and 557,829 shares, at cost at March 31, 2023 and December 31, 2022, respectively (12,689) (13,512)
Total shareholders’ equity 240,161 228,896
Total liabilities and shareholders’ equity $ 3,011,548 $ 2,922,408