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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 32,254 $ 42,923
Short-term investments 265,604 37,706
Cash and cash equivalents 297,858 80,629
Debt securities available-for-sale (at fair value) 27,656 28,600
Federal Home Loan Bank stock, at cost 3,309 4,266
Loans, net of allowance for credit losses of $23,981 and $28,069 as of June 30, 2023 and December 31, 2022, respectively 1,333,564 1,416,047
Bank owned life insurance 44,153 43,615
Premises and equipment, net 13,400 13,580
Other repossessed assets 6,051
Accrued interest receivable 5,007 6,597
Right-of-use assets 3,861 3,942
Deferred tax asset, net 15,722 16,793
Other assets 17,057 16,261
Total assets 1,761,587 1,636,381
Deposits:    
Noninterest-bearing 404,012 520,226
Interest-bearing 1,044,074 759,356
Total deposits 1,448,086 1,279,582
Borrowings:    
Short-term borrowings 70,000 108,500
Long-term borrowings 9,763 18,329
Total borrowings 79,763 126,829
Operating lease liabilities 4,227 4,282
Other liabilities 14,439 18,146
Total liabilities 1,546,515 1,428,839
Shareholders' equity:    
Preferred stock; authorized 50,000 shares: no shares issued and outstanding
Common stock, $0.01 par value, 100,000,000 shares authorized; 17,684,720 and 17,669,698 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively 177 177
Additional paid-in capital 123,444 122,847
Retained earnings 100,894 94,630
Accumulated other comprehensive loss (1,891) (2,200)
Unearned compensation - ESOP (7,552) (7,912)
Total shareholders' equity 215,072 207,542
Total liabilities and shareholders' equity $ 1,761,587 $ 1,636,381