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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 89,626 $ 31,537
Time deposits in other financial institutions 350 350
Cash and cash equivalents 89,976 31,887
Equity securities, at fair value (Note 2) 8,282 8,492
Securities available for sale, at fair value (Note 2) 641,048 1,098,885
Securities held to maturity (Note 2) 429,918 0
Federal Home Loan Bank stock 3,493 3,824
Federal Reserve Bank stock 5,064 5,064
Loans held for sale 13,450 9,351
Loans to other financial institutions 0 42,632
Loans (Note 3) 1,027,406 1,016,848
Allowance for loan losses (Note 3) (7,601) (7,688)
Loans, net 1,019,805 1,009,160
Premises and equipment, net 29,678 29,880
Other real estate owned, net 172 194
Cash value of life insurance policies 43,520 43,356
Goodwill 59,946 59,946
Core deposit intangible 3,660 3,962
Other assets 28,766 20,049
Total assets 2,376,778 2,366,682
Liabilities    
Deposits – noninterest-bearing 565,657 560,931
Deposits – interest-bearing 1,579,944 1,491,363
Total deposits 2,145,601 2,052,294
Borrowings 0 50,000
Subordinated debentures 35,078 35,017
Other liabilities 4,981 7,702
Total liabilities 2,185,660 2,145,013
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: 7,489,812 at March 31, 2022 and 7,510,379 at December 31, 2021 171,492 171,913
Retained earnings 55,988 52,332
Accumulated other comprehensive loss, net (36,362) (2,576)
Total shareholders’ equity 191,118 221,669
Total liabilities and shareholders’ equity $ 2,376,778 $ 2,366,682