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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Cash and cash equivalents:    
Cash and due from banks $ 24,742 $ 18,788
Federal funds sold 170,145 101,277
Interest-bearing deposits with banks 10,183 50,809
Total cash and cash equivalents 205,070 170,874
Investment securities:    
Investment securities available for sale 91,548 93,347
Other investments 12,550 10,833
Total investment securities 104,098 104,180
Mortgage loans held for sale 15,781 3,917
Loans 3,537,616 3,273,363
Less allowance for credit losses (41,105) (38,639)
Loans, net 3,496,511 3,234,724
Bank owned life insurance 51,792 51,122
Property and equipment, net 96,964 99,183
Deferred income taxes, net 12,356 12,522
Other assets 19,535 15,459
Total assets 4,002,107 3,691,981
LIABILITIES    
Deposits 3,433,018 3,133,864
FHLB advances and related debt 180,000 175,000
Subordinated debentures 36,268 36,214
Other liabilities 51,307 52,391
Total liabilities 3,700,593 3,397,469
SHAREHOLDERS’ EQUITY    
Preferred stock, par value $.01 per share, 10,000,000 shares authorized
Common stock, par value $.01 per share, 10,000,000 shares authorized, 8,058,438 and 8,011,045 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively 81 80
Nonvested restricted stock (4,051) (3,306)
Additional paid-in capital 120,912 119,027
Accumulated other comprehensive loss (12,710) (13,410)
Retained earnings 197,282 192,121
Total shareholders’ equity 301,514 294,512
Total liabilities and shareholders’ equity $ 4,002,107 $ 3,691,981