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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 27,361 $ 20,995
Short-term investments 243,112 179,947
Cash and cash equivalents 270,473 200,942
Securities available-for-sale, at fair value 637,513 754,468
Loans 1,055,848 1,082,906
Less: Allowance for credit losses 13,194 13,539
Loans, net 1,042,654 1,069,367
Payments in advance of funding 269,180 293,775
Premises and equipment, net 24,320 19,958
Investment in bank-owned life insurance 48,564 47,998
Goodwill 17,309 17,309
Other intangible assets, net 3,735 4,126
Receivables from Customers 83,627 95,779
Other assets 73,421 69,301
Total assets 2,470,796 2,573,023
Deposits:    
Noninterest-bearing 679,107 642,757
Interest-bearing 512,327 614,460
Total deposits 1,191,434 1,257,217
Accounts and drafts payable 1,021,524 1,067,600
Other liabilities 42,692 41,881
Total liabilities 2,255,650 2,366,698
Shareholders’ Equity:    
Preferred stock, par value $.50 per share; 2,000,000 shares authorized and no shares issued 0 0
Common Stock, Value, Outstanding 7,753 7,753
Additional paid-in capital 206,734 207,422
Retained earnings 137,996 131,682
Common shares in treasury, at cost (1,837,695 shares at June 30, 2023 and 1,836,116 shares at December 31, 2022) 80,943 81,211
Accumulated other comprehensive loss (56,394) (59,321)
Total shareholders’ equity 215,146 206,325
Total liabilities and shareholders’ equity $ 2,470,796 $ 2,573,023