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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 25,464 $ 25,485
Interest-earning deposits in other banks 38,798 5,685
Total cash and cash equivalents 64,262 31,170
Available-for-sale debt securities, at fair value 631,524 648,825
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, without Single Maturity Date 303,844 305,107
Loans, less allowance for credit losses of $15,257 at March 31, 2023 and $10,848 at December 31, 2022 1,270,297 1,245,456
Bank premises and equipment, net 8,040 7,987
Bank-owned life insurance 40,786 40,537
Federal Home Loan Bank stock 6,169 6,169
Goodwill 53,777 53,777
Accrued interest receivable and other assets 78,531 76,933
Total assets 2,463,893 2,422,519
Deposits:    
Non-interest bearing 975,424 1,056,567
Interest bearing 1,200,323 1,043,082
Total deposits 2,175,747 2,099,649
Short-term Debt 0 46,000
Senior debt and subordinated debentures, less debt issuance costs of $520 at March 31, 2023 and $556 at December 31, 2022 69,635 69,599
Accrued interest payable and other liabilities 36,459 32,611
Total liabilities 2,281,841 2,247,859
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: 11,754,938 at March 31, 2023 and 11,735,291 at December 31, 2022 61,924 61,487
Retained earnings 196,229 194,400
Accumulated other comprehensive (loss) income, net of tax (76,101) (81,227)
Total shareholders’ equity 182,052 174,660
Total liabilities and shareholders’ equity 2,463,893 2,422,519
Equity Securities, FV-NI, Current $ 6,663 $ 6,558