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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 27,076 $ 24,464
Interest-bearing bank balances 60,597 12,937
Investment securities available-for-sale 336,457 331,862
Investment securities held-to-maturity, fair value of $213,040 and $213,613 at March 31, 2023 and December 31, 2022, respectively, net of allowance for credit losses 223,095 228,701
Other investments, at cost 5,768 4,191
Loans held-for-sale 1,312 1,779
Loans held-for-investment 992,720 980,857
Less, allowance for credit losses - loans 11,420 11,336
Net loans held-for-investment 981,300 969,521
Property and equipment - net 31,342 31,277
Lease right-of-use asset 3,463 2,702
Bank owned life insurance 30,132 29,952
Other real estate owned 934 934
Intangible assets 722 761
Goodwill 14,637 14,637
Other assets 18,563 19,228
Total assets 1,735,398 1,672,946
Deposits:    
Non-interest bearing 458,882 461,010
Interest bearing 961,275 924,372
Total deposits 1,420,157 1,385,382
Securities sold under agreements to repurchase 76,975 68,743
Federal funds purchased 22,000
Federal Home Loan Bank advances 85,000 50,000
Junior subordinated debt 14,964 14,964
Lease liability 3,602 2,832
Other liabilities 11,119 10,664
Total liabilities 1,611,817 1,554,585
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 7,587,763 at March 31, 2023 7,577,912 at December 31, 2022 7,588 7,578
Nonvested restricted stock and stock units 1,501 1,461
Additional paid in capital 92,871 92,683
Retained earnings 51,094 49,025
Accumulated other comprehensive loss (29,473) (32,386)
Total shareholders’ equity 123,581 118,361
Total liabilities and shareholders’ equity $ 1,735,398 $ 1,672,946