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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 25,485 $ 29,412
Interest-earning deposits in other banks 5,685 134,055
Total cash and cash equivalents 31,170 163,467
Available-for-sale investment securities 648,825 1,109,208
Equity securities 6,558 7,416
Loans and Leases Receivable, Net Amount 1,245,456 1,029,511
Bank premises and equipment, net 7,987 8,380
Bank owned life insurance 40,537 39,553
Federal Home Loan Bank stock 6,169 5,595
Goodwill 53,777 53,777
Core deposit intangibles 68 522
Accrued interest receivable and other assets 76,865 32,710
Total assets 2,422,519 2,450,139
Deposits:    
Non-interest bearing 1,056,567 963,584
Interest bearing 1,043,082 1,159,213
Total deposits 2,099,649 2,122,797
Senior debt and subordinated debentures 69,599 39,454
Accrued interest payable and other liabilities 32,611 40,043
Total liabilities 2,247,859 2,202,294
Commitments and contingencies (Note 12)
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: 11,735,291 at December 31, 2022 and 11,916,651 at December 31, 2021 61,487 66,820
Retained earnings 194,400 173,393
Accumulated other comprehensive (loss) income, net of tax (81,227) 7,632
Total shareholders’ equity 174,660 247,845
Total liabilities and shareholders’ equity 2,422,519 2,450,139
Allowance for credit losses 10,848 9,600
Investment securities not due at a single maturity date, amortized cost 305,107 0
Short-term borrowings $ 46,000 $ 0