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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 30,017 $ 25,485
Interest-earning deposits in other banks 23,711 5,685
Total cash and cash equivalents 53,728 31,170
Available-for-sale debt securities, at fair value, net of allowance for credit losses of $0, with an amortized cost of $669,646 at December 31, 2023 and $740,468 at December 31, 2022 597,196 648,825
Equity securities, at fair value 6,649 6,558
Loans and Leases Receivable, Net Amount 1,276,144 1,245,456
Bank premises and equipment, net 14,042 7,987
Bank owned life insurance 41,572 40,537
Federal Home Loan Bank stock 7,136 6,169
Goodwill 53,777 53,777
Accrued interest receivable and other assets 80,740 76,933
Total assets 2,433,426 2,422,519
Deposits:    
Non-interest bearing 951,541 1,056,567
Interest bearing 1,090,071 1,043,082
Total deposits 2,041,612 2,099,649
Senior debt and subordinated debentures, net 69,744 69,599
Accrued interest payable and other liabilities 35,006 32,611
Total liabilities 2,226,362 2,247,859
Commitments and contingencies (Note 11)
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: 11,818,039 at December 31, 2023 and 11,735,291 at December 31, 2022 62,550 61,487
Retained earnings 210,548 194,400
Accumulated other comprehensive loss, net of tax (66,034) (81,227)
Total shareholders’ equity 207,064 174,660
Total liabilities and shareholders’ equity 2,433,426 2,422,519
Allowance for credit losses 14,653 10,848
Investment securities not due at a single maturity date, amortized cost 302,442 305,107
Short-term borrowings $ 80,000 $ 46,000