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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Cash and due from banks:    
Noninterest-bearing $ 28,740 $ 24,814
Interest-bearing 15,969 1,397
Total cash and cash equivalents 44,709 26,211
Interest bearing time deposits with other banks 4,814 6,055
Equity securities 1,849 2,208
Available-for-sale securities 434,315 439,506
Loans held for sale 14,940 725
Loans (net of allowance for credit losses - loans: 2023 $21,652 and 2022, $18,552) 2,141,190 1,706,447
Premises and equipment 21,382 17,619
Accrued interest receivable 9,283 7,332
Goodwill [1] 84,758 31,376
Bank owned life insurance 50,194 39,355
Other intangibles 4,071 1,272
Fair value of derivative instruments 16,395 16,599
Deferred tax asset 20,108 12,886
Other assets 43,800 25,802
TOTAL ASSETS 2,891,808 2,333,393
Deposits:    
Noninterest-bearing 553,097 396,260
Interest-bearing 1,713,003 1,447,948
Total deposits 2,266,100 1,844,208
Borrowed funds 318,200 257,278
Accrued interest payable 2,256 1,232
Fair value of derivative instruments - liability 9,303 9,726
Other liabilities 32,721 20,802
TOTAL LIABILITIES 2,628,580 2,133,246
STOCKHOLDERS' EQUITY:    
Preferred Stock $1.00 par value; authorized 3,000,000 shares at June 30, 2023 and December 31, 2022; none issued in 2023 or 2022 0 0
Common stock $1.00 par value; authorized 25,000,000 shares at June 30, 2023 and December 31, 2022; issued 5,160,754 at June 30, 2023 and 4,427,687 at December 31, 2022 5,161 4,428
Additional paid-in capital 143,351 80,911
Retained earnings 162,499 164,922
Accumulated other comprehensive loss (30,980) (33,141)
Treasury stock, at cost: 453,986 shares at June 30, 2023 and 456,478 shares at December 31, 2022 (16,803) (16,973)
TOTAL STOCKHOLDERS' EQUITY 263,228 200,147
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,891,808 $ 2,333,393
[1] Excludes fully amortized intangible assets