XML 11 R2.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 76,460 $ 43,593
Time deposits in other financial institutions 350 350
Cash and cash equivalents 76,810 43,943
Equity securities, at fair value (Note 2) 8,299 8,566
Securities available for sale, at fair value (Note 2) 521,202 529,749
Securities held to maturity, at amortized cost net of credit losses (Note 2) 420,549 425,906
Federal Home Loan Bank stock 8,366 3,517
Federal Reserve Bank stock 5,065 5,064
Loans held for sale 8,924 4,834
Loans to other financial institutions (Note 3) 38,838 0
Core loans (Note 3) 1,225,390 1,189,782
Total loans (Note 3) 1,264,228 1,189,782
Allowance for credit losses (Note 3) (14,582) (7,619)
Loans, net 1,249,646 1,182,163
Premises and equipment, net 29,085 28,232
Other real estate owned, net 266 0
Cash value of life insurance policies 44,510 43,978
Goodwill 59,946 59,946
Core deposit intangible 2,304 2,809
Other assets 48,754 47,208
Total assets 2,483,726 2,385,915
Liabilities    
Deposits - noninterest-bearing 544,925 599,579
Deposits - interest-bearing 1,490,093 1,518,424
Brokered deposits 51,370 0
Total deposits 2,086,388 2,118,003
Borrowings 160,000 50,000
Subordinated debentures 35,385 35,262
Other liabilities 22,713 13,776
Total liabilities 2,304,486 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: 7,534,658 at June 30, 2023 and 7,516,098 at December 31, 2022 172,880 172,277
Retained earnings 67,281 68,394
Accumulated other comprehensive loss, net (60,921) (71,797)
Total shareholders’ equity 179,240 168,874
Total liabilities and shareholders’ equity $ 2,483,726 $ 2,385,915