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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 32,263 $ 29,412
Interest-earning deposits in other banks 56,574 134,055
Total cash and cash equivalents 88,837 163,467
Available-for-sale debt securities 1,161,756 1,109,208
Loans, less allowance for credit losses of $9,864 at March 31, 2022 and $9,600 at December 31, 2021 1,002,178 1,029,511
Bank premises and equipment, net 8,178 8,380
Bank-owned life insurance 39,795 39,553
Federal Home Loan Bank stock 5,595 5,595
Goodwill 53,777 53,777
Core deposit intangibles 382 522
Accrued interest receivable and other assets 55,461 32,710
Total assets 2,423,030 2,450,139
Deposits:    
Non-interest bearing 926,067 963,584
Interest bearing 1,236,293 1,159,213
Total deposits 2,162,360 2,122,797
Subordinated debentures 39,490 39,454
Accrued interest payable and other liabilities 29,520 40,043
Total liabilities 2,231,370 2,202,294
Commitments and contingencies (Note 8)
Shareholders’ equity:    
Preferred stock, no par value; 10,000,000 shares authorized, none issued and outstanding 0 0
Common stock, no par value; 80,000,000 shares authorized; issued and outstanding: 11,752,623 at March 31, 2022 and 11,916,651 at December 31, 2021 62,893 66,820
Retained earnings 178,054 173,393
Accumulated other comprehensive (loss) income, net of tax (49,287) 7,632
Total shareholders’ equity 191,660 247,845
Total liabilities and shareholders’ equity 2,423,030 2,450,139
Equity Securities, FV-NI, Current $ 7,071 $ 7,416