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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 24,464 $ 21,973
Interest-bearing bank balances 12,937 47,049
Investment securities available-for-sale 331,862 564,839
Investment securities held-to-maturity, fair value of $213,613 and $0 at December 31, 2022 and December 31, 2021, respectively 228,701
Other investments, at cost 4,191 1,785
Loans held-for-sale 1,779 7,120
Loans held-for-investment 980,857 863,702
Less, allowance for loan losses 11,336 11,179
Net loans held-for-investment 969,521 852,523
Property and equipment - net 31,277 32,831
Lease right-of-use asset 2,702 2,842
Bank owned life insurance 29,952 29,231
Other real estate owned 934 1,165
Intangible assets 761 919
Goodwill 14,637 14,637
Other assets 19,228 7,594
Total assets 1,672,946 1,584,508
Deposits:    
Non-interest bearing 461,010 444,688
Interest bearing 924,372 916,603
Total deposits 1,385,382 1,361,291
Securities sold under agreements to repurchase 68,743 54,216
Federal funds purchased 22,000
Federal Home Loan Bank advances 50,000
Junior subordinated debt 14,964 14,964
Lease liability 2,832 2,950
Other liabilities 10,664 10,089
Total liabilities 1,554,585 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 7,577,912 at December 31, 2022 and 7,548,638 at December 31, 2021 7,578 7,549
Nonvested restricted stock and stock units 1,461 (294)
Additional paid in capital 92,683 92,139
Retained earnings 49,025 38,325
Accumulated other comprehensive (loss) income (32,386) 3,279
Total shareholders’ equity 118,361 140,998
Total liabilities and shareholders’ equity $ 1,672,946 $ 1,584,508