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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 27,485 $ 21,973
Interest-bearing bank balances 76,918 47,049
Investment securities held-to-maturity, fair value of $229,198 and $0 at June 30, 2022 and December 31, 2021, respectively 233,730
Investment securities available-for-sale 337,254 564,839
Other investments, at cost 1,929 1,785
Loans held-for-sale 4,533 7,120
Loans held-for-investment 916,332 863,702
Less, allowance for loan losses 11,220 11,179
Net loans held-for-investment 905,112 852,523
Property and equipment - net 32,251 32,831
Lease right-of-use asset 2,972 2,842
Bank owned life insurance 29,589 29,231
Other real estate owned 984 1,165
Intangible assets 840 919
Goodwill 14,637 14,637
Other assets 16,590 7,594
Total assets 1,684,824 1,584,508
Deposits:    
Non-interest bearing 476,024 444,688
Interest bearing 992,951 916,603
Total deposits 1,468,975 1,361,291
Securities sold under agreements to repurchase 71,800 54,216
Junior subordinated debt 14,964 14,964
Lease liability 3,096 2,950
Other liabilities 8,397 10,089
Total liabilities 1,567,232 1,443,510
SHAREHOLDERS’ EQUITY    
Preferred stock, par value $1.00 per share, 10,000,000 shares authorized; none issued and outstanding
Common stock, par value $1.00 per share; 20,000,000 shares authorized; issued and outstanding 7,566,633 at June 30, 2022 7,548,638 at December 31, 2021 7,567 7,549
Nonvested restricted stock and stock units 1,093 (294)
Additional paid in capital 92,487 92,139
Retained earnings 42,988 38,325
Accumulated other comprehensive income (loss) (26,543) 3,279
Total shareholders’ equity 117,592 140,998
Total liabilities and shareholders’ equity $ 1,684,824 $ 1,584,508