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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 31,537 $ 79,169
Time deposits in other financial institutions 350 350
Cash and cash equivalents 31,887 79,519
Equity securities at fair value (Note 2) 8,492 2,896
Securities available for sale (Note 2) 1,098,885 574,787
Federal Home Loan Bank stock 3,824 3,824
Federal Reserve Bank stock 5,064 4,180
Loans held for sale 9,351 12,921
Loans to other financial institutions 42,632 35,209
Loans (Note 3) 1,016,848 1,069,668
Allowance for loan losses (Note 3) (7,688) (7,593)
Loans, net 1,009,160 1,062,075
Premises and equipment, net (Note 5) 29,880 29,489
Other real estate owned, net (Note 7) 194 266
Cash value of life insurance policies 43,356 32,751
Goodwill (Note 6) 59,946 60,506
Core deposit intangible (Note 6) 3,962 5,269
Other assets 20,049 15,650
Total assets 2,366,682 1,919,342
Liabilities    
Deposits – noninterest-bearing (Note 8) 560,931 477,654
Deposits – interest-bearing (Note 8) 1,491,363 1,196,924
Total deposits 2,052,294 1,674,578
Borrowings (Note 9) 50,000 9,327
Subordinated debentures (Note 10) 35,017 3,089
Other liabilities (Notes 11) 7,702 5,080
Total liabilities 2,145,013 1,692,074
Shareholders' Equity    
Preferred stock; shares authorized: 100,000; shares outstanding: none 0 0
Common stock and paid-in capital, no par value; shares authorized: 12,000,000; shares outstanding: 7,510,379 at December 31, 2021 and 7,796,352 at December 31, 2020 (Note 14) 171,913 178,750
Retained earnings 52,332 37,490
Accumulated other comprehensive income, net (2,576) 11,028
Total shareholders’ equity 221,669 227,268
Total liabilities and shareholders’ equity $ 2,366,682 $ 1,919,342