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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 39,664 $ 53,062
Interest-bearing deposits in other banks 192,983 252,364
Total Cash and Cash Equivalents 232,647 305,426
Securities available-for-sale, at fair value (amortized cost of $610,008 and $632,258, respectively) 560,555 570,092
Securities held-to-maturity, at amortized cost (fair value of $116,859 and $119,029, respectively) 134,145 141,236
Equity securities, at fair value 3,028 2,965
Nonmarketable equity securities 2,305 2,239
Loans held for sale 1,805 1,306
Loans held for investment 2,056,048 1,992,858
Allowance for credit losses (21,757) (21,336)
Loans held for investment, net 2,034,291 1,971,522
Premises and equipment, net 57,661 57,088
Accrued interest receivable 9,465 9,945
Bank-owned life insurance 30,164 29,529
Intangible assets 1,546 1,546
Right-of-use assets 2,853 3,629
Other assets 31,285 32,287
Total Assets 3,101,750 3,128,810
LIABILITIES    
Noninterest-bearing deposits 882,394 916,456
Interest-bearing deposits 1,864,731 1,885,432
Total Deposits 2,747,125 2,801,888
Accrued interest payable 11,751 8,000
Lease liabilities 2,982 3,767
Accrued expenses and other liabilities 15,574 11,304
Total Liabilities 2,777,432 2,824,959
COMMITMENTS AND CONTINGENCIES 0 0
STOCKHOLDERS’ EQUITY    
Preferred stock, no par value: Authorized - $1,000,000 shares; None Issued and Outstanding 0 0
Common stock, no par value: Authorized - $30,000,000 shares; Issued and Outstanding - $6,826,120 and $7,091,637 shares, respectively 41,402 55,136
Additional paid-in capital 2,682 2,407
Retained earnings 329,858 306,802
Accumulated other comprehensive income (loss) (49,624) (60,494)
Total Stockholders’ Equity 324,318 303,851
Total Liabilities and Stockholders’ Equity $ 3,101,750 $ 3,128,810