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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 28,325 $ 25,485
Interest-earning deposits in other banks 100,333 5,685
Total cash and cash equivalents 128,658 31,170
Available-for-sale debt securities, at fair value 619,759 648,825
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, without Single Maturity Date 303,876 305,107
Loans, less allowance for credit losses of $15,463 at June 30, 2023 and $10,848 at December 31, 2022 1,240,195 1,245,456
Bank premises and equipment, net 10,939 7,987
Bank-owned life insurance 41,041 40,537
Federal Home Loan Bank stock 7,136 6,169
Goodwill 53,777 53,777
Accrued interest receivable and other assets 77,868 76,933
Total assets 2,489,807 2,422,519
Deposits:    
Non-interest bearing 957,088 1,056,567
Interest bearing 1,243,206 1,043,082
Total deposits 2,200,294 2,099,649
Short-term Debt 0 46,000
Senior debt and subordinated debentures, less debt issuance costs of $484 at June 30, 2023 and $556 at December 31, 2022 69,671 69,599
Accrued interest payable and other liabilities 32,482 32,611
Total liabilities 2,302,447 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: 11,812,425 at June 30, 2023 and 11,735,291 at December 31, 2022 62,128 61,487
Retained earnings 201,100 194,400
Accumulated other comprehensive loss, net of tax (75,868) (81,227)
Total shareholders’ equity 187,360 174,660
Total liabilities and shareholders’ equity 2,489,807 2,422,519
Equity Securities, FV-NI, Current $ 6,558 $ 6,558