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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 54,839 $ 43,593
Time deposits in other financial institutions 350 350
Cash and cash equivalents 55,189 43,943
Equity securities at fair value 8,699 8,566
Securities available for sale 535,348 529,749
Securities held to maturity, at amortized cost (Note 2) 422,876 425,906
Federal Home Loan Bank stock 5,195 3,517
Federal Reserve Bank stock 5,064 5,064
Loans held for sale 3,603 4,834
Loans (Note 3) 1,210,583 1,189,782
Allowance for credit losses (Note 3) (15,065) (7,619)
Loans, net 1,195,518 1,182,163
Premises and equipment, net 28,633 28,232
Other real estate owned, net 130 0
Cash value of life insurance policies 44,241 43,978
Goodwill 59,946 59,946
Core deposit intangible 2,557 2,809
Other assets 42,887 47,208
Total assets 2,409,886 2,385,915
Liabilities    
Deposits - noninterest-bearing 554,699 599,579
Deposits - interest-bearing 1,513,429 1,518,424
Brokered deposits 37,773 0
Total deposits 2,105,901 2,118,003
Borrowings 85,000 50,000
Subordinated debentures 35,323 35,262
Other liabilities 14,950 13,776
Total liabilities 2,241,174 2,217,041
Shareholders' Equity    
Preferred stock; shares authorized: 100,000; shares outstanding: none 0 0
Common stock and paid-in capital, no par value; shares authorized: 15,000,000; shares outstanding: 7,521,749 at March 31, 2023 and 7,516,098 at December 31, 2022 172,564 172,277
Retained earnings 64,026 68,394
Accumulated other comprehensive loss, net (67,878) (71,797)
Total shareholders’ equity 168,712 168,874
Total liabilities and shareholders’ equity $ 2,409,886 $ 2,385,915