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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Cash and cash equivalents:    
Cash and due from banks $ 13,925 $ 28,020
Federal funds sold 144,595 119,349
Interest-bearing deposits with banks 8,789 8,801
Total cash and cash equivalents 167,309 156,170
Investment securities:    
Investment securities available for sale 125,996 134,702
Other investments 18,499 19,939
Total investment securities 144,495 154,641
Mortgage loans held for sale 11,842 7,194
Loans 3,643,766 3,602,627
Less allowance for credit losses (40,441) (40,682)
Loans, net 3,603,325 3,561,945
Bank owned life insurance 52,878 52,501
Property and equipment, net 93,007 94,301
Deferred income taxes, net 12,321 12,200
Other assets 20,527 16,837
Total assets 4,105,704 4,055,789
LIABILITIES    
Deposits 3,460,681 3,379,564
FHLB advances and related debt 240,000 275,000
Subordinated debentures 36,349 36,322
Other liabilities 53,418 52,436
Total liabilities 3,790,448 3,743,322
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, 8,156,109 and 8,088,186 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 82 81
Nonvested restricted stock (5,257) (3,596)
Additional paid-in capital 124,159 121,777
Accumulated other comprehensive loss (11,797) (11,342)
Retained earnings 208,069 205,547
Total shareholders’ equity 315,256 312,467
Total liabilities and shareholders’ equity $ 4,105,704 $ 4,055,789