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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 21,009 $ 21,973
Interest-bearing bank balances 17,244 47,049
Investment securities held-to-maturity, fair value of $216,947 and $0 at September 30, 2022 and December 31, 2021, respectively 233,301
Investment securities available-for-sale 338,350 564,839
Other investments, at cost 1,929 1,785
Loans held-for-sale 1,758 7,120
Loans held-for-investment 950,210 863,702
Less, allowance for loan losses 11,315 11,179
Net loans held-for-investment 938,895 852,523
Property and equipment - net 31,876 32,831
Lease right-of-use asset 2,905 2,842
Bank owned life insurance 29,771 29,231
Other real estate owned 984 1,165
Intangible assets 801 919
Goodwill 14,637 14,637
Other assets 18,369 7,594
Total assets 1,651,829 1,584,508
Deposits:    
Non-interest bearing 484,747 444,688
Interest bearing 951,509 916,603
Total deposits 1,436,256 1,361,291
Securities sold under agreements to repurchase 73,659 54,216
Junior subordinated debt 14,964 14,964
Lease liability 3,042 2,950
Other liabilities 9,763 10,089
Total liabilities 1,537,684 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 7,572,517 at September 30, 2022 7,548,638 at December 31, 2021 7,573 7,549
Nonvested restricted stock and stock units 1,278 (294)
Additional paid in capital 92,584 92,139
Retained earnings 45,961 38,325
Accumulated other comprehensive income (loss) (33,251) 3,279
Total shareholders’ equity 114,145 140,998
Total liabilities and shareholders’ equity $ 1,651,829 $ 1,584,508