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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 20,908 $ 20,995
Short-term investments 351,560 179,947
Cash and cash equivalents 372,468 200,942
Securities available-for-sale, at fair value 627,117 754,468
Loans 1,014,318 1,082,906
Less allowance for credit losses 13,089 13,539
Loans, net 1,001,229 1,069,367
Payments in advance of funding 198,861 293,775
Premises and equipment, net 30,093 19,958
Investments in bank-owned life insurance 49,159 47,998
Goodwill 17,309 17,309
Other intangible assets, net 3,345 4,126
Accounts and drafts receivable from customers 110,651 95,779
Other assets 68,390 69,301
Total assets 2,478,622 2,573,023
Deposits    
Noninterest-bearing 524,359 642,757
Interest-bearing 616,455 614,460
Total deposits 1,140,814 1,257,217
Accounts and drafts payable 1,071,369 1,067,600
Other liabilities 36,630 41,881
Total liabilities 2,248,813 2,366,698
Shareholders’ Equity:    
Preferred stock, par value $0.50 per share; 2,000,000 shares authorized and no shares issued 0 0
Common stock, par value $0.50 per share; 40,000,000 shares authorized; 15,505,772 shares issued at December 31, 2023 and 2022; 13,582,375 and 13,669,656 shares outstanding at December 31, 2023 and 2022, respectively. 7,753 7,753
Additional paid-in capital 208,007 207,422
Retained earnings 145,782 131,682
Common shares in treasury, at cost (1,923,397 shares at December 31, 2023 and 1,836,116 shares at December 31, 2022, respectively) (84,264) (81,211)
Accumulated other comprehensive loss (47,469) (59,321)
Total shareholders’ equity 229,809 206,325
Total liabilities and shareholders’ equity $ 2,478,622 $ 2,573,023