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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Cash and cash equivalents:    
Cash and due from banks $ 28,020 $ 18,788
Federal funds sold 119,349 101,277
Interest-bearing deposits with banks 8,801 50,809
Total cash and cash equivalents 156,170 170,874
Investment securities:    
Investment securities available for sale 134,702 93,347
Other investments 19,939 10,833
Total investment securities 154,641 104,180
Mortgage loans held for sale 7,194 3,917
Loans 3,602,627 3,273,363
Less allowance for credit losses (40,682) (38,639)
Loans, net 3,561,945 3,234,724
Bank owned life insurance 52,501 51,122
Property and equipment, net 94,301 99,183
Deferred income taxes, net 12,200 12,522
Other assets 16,837 15,459
Total assets 4,055,789 3,691,981
LIABILITIES    
Deposits 3,379,564 3,133,864
Federal Home Loan Bank advances and other borrowings 275,000 175,000
Subordinated debentures 36,322 36,214
Other liabilities 52,436 52,391
Total liabilities 3,743,322 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, 8,088,186 and 8,011,045 shares issued and outstanding at December 31, 2023 and 2022, respectively 81 80
Nonvested restricted stock (3,596) (3,306)
Additional paid-in capital 121,777 119,027
Accumulated other comprehensive loss (11,342) (13,410)
Retained earnings 205,547 192,121
Total shareholders’ equity 312,467 294,512
Total liabilities and shareholders’ equity $ 4,055,789 $ 3,691,981