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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 27,558 $ 25,485
Interest-earning deposits in other banks 47,017 5,685
Total cash and cash equivalents 74,575 31,170
Available-for-sale debt securities, at fair value, net of allowance for credit losses of $0 593,430 648,825
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, without Single Maturity Date 303,451 305,107
Loans, less allowance for credit losses of $15,534 at September 30, 2023 and $10,848 at December 31, 2022 1,259,877 1,245,456
Bank premises and equipment, net 9,703 7,987
Bank-owned life insurance 41,301 40,537
Federal Home Loan Bank stock 7,136 6,169
Goodwill 53,777 53,777
Accrued interest receivable and other assets 85,755 76,933
Total assets 2,435,359 2,422,519
Deposits:    
Non-interest bearing 990,508 1,056,567
Interest bearing 1,158,334 1,043,082
Total deposits 2,148,842 2,099,649
Short-term Debt 0 46,000
Senior debt and subordinated debentures, less debt issuance costs of $447 at September 30, 2023 and $556 at December 31, 2022 69,708 69,599
Accrued interest payable and other liabilities 35,159 32,611
Total liabilities 2,253,709 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: 11,814,883 at September 30, 2023 and 11,735,291 at December 31, 2022 62,338 61,487
Retained earnings 206,073 194,400
Accumulated other comprehensive loss, net of tax (86,761) (81,227)
Total shareholders’ equity 181,650 174,660
Total liabilities and shareholders’ equity 2,435,359 2,422,519
Equity Securities, FV-NI, Current $ 6,354 $ 6,558