XML 15 R3.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 9,697 $ 29,538
Short-term investments 47,413 27,371
Cash and cash equivalents 57,110 56,909
Securities available-for-sale, at fair value 205,702 183,925
Securities held-to-maturity, at amortized cost 19,746 26,374
Loans held for sale 3,570 8,695
Loans and leases receivable, net of allowance for loan and lease losses of $24,336 and $28,521, respectively 2,215,072 2,117,449
Premises and equipment, net 1,694 1,998
Foreclosed properties 164 34
Right-of-use assets, net 4,910 5,814
Bank-owned life insurance 53,600 52,188
Federal Home Loan Bank stock, at cost 13,336 13,578
Goodwill and other intangible assets 12,268 12,018
Derivative Asset 26,343 49,377
Accrued interest receivable and other assets 39,390 39,478
Total assets 2,652,905 2,567,837
Liabilities and Stockholders’ Equity    
Deposits 1,957,923 1,855,516
Federal Home Loan Bank advances and other borrowings 403,451 419,167
Junior subordinated notes 10,076 10,062
Lease liabilities 5,406 6,386
Derivative Liability 28,283 54,927
Accrued interest payable and other liabilities 15,344 15,617
Total liabilities 2,420,483 2,361,675
Stockholders’ equity:    
Preferred stock, $0.01 par value, 2,500,000 shares authorized, none issued or outstanding 0 0
Common stock, $0.01 par value, 25,000,000 shares authorized, 9,326,361 and 9,234,460 shares issued, 8,457,564 and 8,566,960 shares outstanding at December 31, 2021 and 2020, respectively 93 92
Additional paid-in capital 85,797 83,125
Retained earnings 170,020 140,431
Accumulated other comprehensive loss (1,457) (933)
Treasury stock, 868,797 and 667,500 shares at December 31, 2021 and 2020, respectively, at cost (22,031) (16,553)
Total stockholders’ equity 232,422 206,162
Total liabilities and stockholders’ equity $ 2,652,905 $ 2,567,837