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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from financial institutions $ 41,354 $ 43,361
Investments in time deposits 1,719 1,477
Securities available-for-sale 617,298 615,402
Equity securities 1,952 2,190
Loans held for sale 3,014 683
Loans, net of allowance for credit losses of $35,149 and $28,511 2,601,131 2,518,155
Other securities 28,449 33,585
Premises and equipment, net 60,899 64,018
Accrued interest receivable 11,043 11,178
Goodwill 125,078 125,695
Other intangible assets, net 10,328 10,759
Bank owned life insurance 53,787 53,543
Swap assets 16,432 16,579
Deferred taxes 18,768 16,009
Other assets 24,728 25,196
Total assets 3,615,980 3,537,830
Deposits    
Noninterest-bearing 1,002,461 896,333
Interest-bearing 1,940,313 1,723,651
Total deposits 2,942,774 2,619,984
Short-term Federal Home Loan Bank advances 142,000 393,700
Securities sold under agreement to repurchase 6,788 25,143
Long-term Federal Home Loan Bank advances 2,859 3,578
Subordinated debentures 103,880 103,799
Other borrowings 12,568 15,516
Swap liabilities 16,432 16,579
Securities purchased payable 2,924 1,338
Tax refunds in process 7,208 278
Accrued expenses and other liabilities 28,671 23,080
Total liabilities 3,266,104 3,202,995
SHAREHOLDERS’ EQUITY    
Common shares, no par value, 40,000,000 shares authorized, 19,288,674 shares issued at June 30, 2023 and 19,231,061 shares issued at December 31, 2022, including Treasury shares 310,784 310,182
Retained earnings 168,777 156,492
Treasury shares, 3,508,447 common shares at June 30, 2023 and 3,502,827 common shares at December 31, 2022, at cost (73,915) (73,794)
Accumulated other comprehensive loss (55,770) (58,045)
Total shareholders’ equity 349,876 334,835
Total liabilities and shareholders’ equity $ 3,615,980 $ 3,537,830