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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 32,535 $ 29,412
Interest-earning deposits in other banks 9,043 134,055
Total cash and cash equivalents 41,578 163,467
Available-for-sale investment securities 668,300 1,109,208
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, without Single Maturity Date 305,482 0
Loans, less allowance for credit losses of $10,366 at September 30, 2022 and $9,600 at December 31, 2021 1,214,904 1,029,511
Bank premises and equipment, net 7,909 8,380
Bank-owned life insurance 40,289 39,553
Federal Home Loan Bank stock 6,169 5,595
Goodwill 53,777 53,777
Core deposit intangibles 102 522
Accrued interest receivable and other assets 80,644 32,710
Total assets 2,425,698 2,450,139
Deposits:    
Non-interest bearing 1,044,678 963,584
Interest bearing 1,094,466 1,159,213
Total deposits 2,139,144 2,122,797
Short-term Debt 25,000 0
Senior debt and subordinated debentures 69,563 39,454
Accrued interest payable and other liabilities 33,177 40,043
Total liabilities 2,266,884 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: 11,732,011 at September 30, 2022 and 11,916,651 at December 31, 2021 61,262 66,820
Retained earnings 188,174 173,393
Accumulated other comprehensive (loss) income, net of tax (90,622) 7,632
Total shareholders’ equity 158,814 247,845
Total liabilities and shareholders’ equity 2,425,698 2,450,139
Equity Securities, FV-NI, Current $ 6,544 $ 7,416