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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Cash and cash equivalents:    
Cash and due from banks $ 5,290 $ 8,878
Interest-bearing balances with banks 34,990 298,559
Total cash and cash equivalents 40,280 307,437
Certificates of deposit with banks 0 2,719
Investment securities available-for-sale 379,814 421,466
Equity securities 38,744 32,402
Loans held-for-sale 23,126 0
Loans receivable 2,372,645 1,869,838
Allowance for loan losses (23,837) (18,266)
Loans receivable, net 2,348,808 1,851,572
Premises and equipment, net 23,653 25,052
Bank-owned life insurance 43,239 42,257
Equity method investments 76,223 40,013
Accrued interest receivable and other assets 90,975 65,543
Goodwill 3,988 3,988
TOTAL ASSETS 3,068,850 2,792,449
Deposits:    
Noninterest-bearing 1,231,544 1,120,433
Interest-bearing 1,338,938 1,257,172
Total deposits 2,570,482 2,377,605
Accrued interest payable and other liabilities 41,556 55,126
Repurchase agreements 10,037 11,385
FHLB and other borrowings 102,333 0
Subordinated debt 73,286 73,030
Senior term loan 9,765 0
Total liabilities 2,807,459 2,517,146
STOCKHOLDERS’ EQUITY    
Common stock - par value $1; 20,000,000 shares authorized; 13,466,281 and 12,618,265 shares issued and outstanding, respectively, as of December 31, 2022 and 12,934,966 and 12,086,950 shares issued and outstanding, respectively, as of December 31, 2021 13,466 12,935
Additional paid-in capital 157,152 143,521
Retained earnings 144,911 138,219
Accumulated other comprehensive loss (37,704) (3,606)
Treasury stock - 848,016 shares as of December 31, 2022 and December 31, 2021, at cost (16,741) (16,741)
Total equity attributable to parent 261,084 274,328
Noncontrolling interest 307 975
Total stockholders' equity 261,391 275,303
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 3,068,850 $ 2,792,449