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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from financial institutions $ 50,316 $ 43,361
Investments in time deposits 1,472 1,477
Securities available-for-sale 593,487 615,402
Equity securities 2,021 2,190
Loans held for sale 1,589 683
Loans, net of allowance for credit losses of $35,280 and $28,511 2,719,610 2,518,155
Other securities 34,224 33,585
Premises and equipment, net 58,989 64,018
Accrued interest receivable 11,489 11,178
Goodwill 125,078 125,695
Other intangible assets, net 9,920 10,759
Bank owned life insurance 54,053 53,543
Swap assets 19,784 16,579
Deferred taxes 25,112 16,009
Other assets 25,772 25,196
Total assets 3,732,916 3,537,830
Deposits    
Noninterest-bearing 802,614 896,333
Interest-bearing 1,993,129 1,723,651
Total deposits 2,795,743 2,619,984
Short-term Federal Home Loan Bank advances 431,500 393,700
Securities sold under agreement to repurchase 0 25,143
Long-term Federal Home Loan Bank advances 2,573 3,578
Subordinated debentures 103,921 103,799
Other borrowings 10,964 15,516
Swap liabilities 19,784 16,579
Securities purchased payable 1,755 1,338
Tax refunds in process 493 278
Accrued expenses and other liabilities 33,438 23,080
Total liabilities 3,400,171 3,202,995
SHAREHOLDERS’ EQUITY    
Common shares, no par value, 40,000,000 shares authorized, 19,288,674 shares issued at September 30, 2023 and 19,231,061 shares issued at December 31, 2022, including Treasury shares 310,975 310,182
Retained earnings 176,644 156,492
Treasury shares, 3,592,677 common shares at September 30, 2023 and 3,502,827 common shares at December 31, 2022, at cost (75,412) (73,794)
Accumulated other comprehensive loss (79,462) (58,045)
Total shareholders’ equity 332,745 334,835
Total liabilities and shareholders’ equity $ 3,732,916 $ 3,537,830