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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from financial institutions $ 52,723 $ 43,361
Investments in time deposits 1,721 1,477
Securities available-for-sale 627,707 615,402
Equity securities 2,122 2,190
Loans held for sale 1,465 683
Loans, net of allowance for credit losses of $34,196 and $28,511 2,545,870 2,518,155
Other securities 35,383 33,585
Premises and equipment, net 61,895 64,018
Accrued interest receivable 10,254 11,178
Goodwill 125,078 125,695
Other intangible assets, net 10,730 10,759
Bank owned life insurance 53,796 53,543
Swap assets 13,350 16,579
Deferred taxes 17,196 16,009
Other assets 25,268 25,196
Total assets 3,584,558 3,537,830
Deposits    
Noninterest-bearing 938,967 896,333
Interest-bearing 1,904,549 1,723,651
Total deposits 2,843,516 2,619,984
Short-term Federal Home Loan Bank advances 212,000 393,700
Securities sold under agreement to repurchase 15,631 25,143
Long-term Federal Home Loan Bank advances 3,361 3,578
Subordinated debentures 103,841 103,799
Other borrowings 13,938 15,516
Swap liabilities 13,350 16,579
Securities purchased payable   1,338
Tax refunds in process 5,752 278
Accrued expenses and other liabilities 25,472 23,080
Total liabilities 3,236,861 3,202,995
SHAREHOLDERS’ EQUITY    
Common shares, no par value, 40,000,000 shares authorized, 19,276,857 shares issued at March 31, 2023 and 19,231,061 shares issued at December 31, 2022, including Treasury shares 310,412 310,182
Retained earnings 161,110 156,492
Treasury shares, 3,508,447 common shares at March 31, 2023 and 3,502,827 common shares at December 31, 2022, at cost (73,915) (73,794)
Accumulated other comprehensive loss (49,910) (58,045)
Total shareholders’ equity 347,697 334,835
Total liabilities and shareholders’ equity $ 3,584,558 $ 3,537,830