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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 28,273 $ 24,464
Interest-bearing bank balances 28,710 12,937
Investment securities available-for-sale 328,239 331,862
Investment securities held-to-maturity, fair value of $208,320 and $213,613 at June 30, 2023 and December 31, 2022, respectively, net of allowance for credit losses - investments 221,392 228,701
Other investments, at cost 6,208 4,191
Loans held-for-sale 4,195 1,779
Loans held-for-investment 1,032,165 980,857
Less, allowance for credit losses - loans 11,554 11,336
Net loans held-for-investment 1,020,611 969,521
Property and equipment - net 31,120 31,277
Lease right-of-use asset 3,389 2,702
Bank owned life insurance 29,793 29,952
Other real estate owned 927 934
Intangible assets 682 761
Goodwill 14,637 14,637
Other assets 22,806 19,228
Total assets 1,740,982 1,672,946
Deposits:    
Non-interest bearing 447,105 461,010
Interest bearing 973,648 924,372
Total deposits 1,420,753 1,385,382
Securities sold under agreements to repurchase 72,103 68,743
Federal funds purchased 22,000
Federal Home Loan Bank advances 95,000 50,000
Junior subordinated debt 14,964 14,964
Lease liability 3,537 2,832
Other liabilities 10,477 10,664
Total liabilities 1,616,834 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 7,593,759 at June 30, 2023 7,577,912 at December 31, 2022 7,594 7,578
Nonvested restricted stock and stock units 1,717 1,461
Additional paid in capital 92,963 92,683
Retained earnings 53,362 49,025
Accumulated other comprehensive loss (31,488) (32,386)
Total shareholders’ equity 124,148 118,361
Total liabilities and shareholders’ equity $ 1,740,982 $ 1,672,946