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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 51,144 $ 31,537
Time deposits in other financial institutions 350 350
Cash and cash equivalents 51,494 31,887
Equity securities, at fair value (Note 2) 7,977 8,492
Securities available for sale, at fair value (Note 2) 530,093 1,098,885
Securities held to maturity, at amortized cost (Note 2) 428,205 0
Federal Home Loan Bank stock 3,493 3,824
Federal Reserve Bank stock 5,064 5,064
Loans held for sale 8,848 9,351
Loans to other financial institutions 70 42,632
Loans (Note 3) 1,132,401 1,016,848
Allowance for loan losses (Note 3) (7,457) (7,688)
Loans, net 1,124,944 1,009,160
Premises and equipment, net 28,947 29,880
Other real estate owned, net 0 194
Cash value of life insurance policies 44,033 43,356
Goodwill 59,946 59,946
Core deposit intangible 3,062 3,962
Other assets 67,353 20,049
Total assets 2,363,529 2,366,682
Liabilities    
Deposits – noninterest-bearing 599,360 560,931
Deposits – interest-bearing 1,557,294 1,491,363
Total deposits 2,156,654 2,052,294
Borrowings 0 50,000
Subordinated debentures 35,201 35,017
Other liabilities 15,017 7,702
Total liabilities 2,206,872 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: 7,510,036 at September 30, 2022 and 7,510,379 at December 31, 2021 171,975 171,913
Retained earnings 63,664 52,332
Accumulated other comprehensive loss, net (78,982) (2,576)
Total shareholders’ equity 156,657 221,669
Total liabilities and shareholders’ equity $ 2,363,529 $ 2,366,682