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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 27,753 $ 24,464
Interest-bearing bank balances 69,703 12,937
Investment securities available-for-sale 280,549 331,862
Investment securities held-to-maturity, fair value of $198,408 and $213,613 at September 30, 2023 and December 31, 2022, respectively, net of allowance for credit losses - investments 219,871 228,701
Loans held-for-sale 5,509 1,779
Loans held-for-investment 1,091,645 980,857
Less, allowance for credit losses - loans 11,818 11,336
Net loans held-for-investment 1,079,827 969,521
Property and equipment - net 30,927 31,277
Lease right-of-use asset 3,323 2,702
Bank owned life insurance 29,982 29,952
Other real estate owned 666 934
Intangible assets 643 761
Goodwill 14,637 14,637
Other assets 24,027 19,228
Total assets 1,793,722 1,672,946
Deposits:    
Non-interest bearing 450,737 461,010
Interest bearing 1,041,289 924,372
Total deposits 1,492,026 1,385,382
Securities sold under agreements to repurchase 67,173 68,743
Federal funds purchased 22,000
Federal Home Loan Bank advances 80,000 50,000
Junior subordinated debt 14,964 14,964
Lease liability 3,494 2,832
Other liabilities 12,464 10,664
Total liabilities 1,670,121 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 7,600,023 at September 30, 2023 and 7,577,912 at December 31, 2022 7,600 7,578
Additional paid in capital 93,070 92,683
Retained earnings 54,059 49,025
Accumulated other comprehensive loss (33,057) (32,386)
Total shareholders’ equity 123,601 118,361
Total liabilities and shareholders’ equity $ 1,793,722 $ 1,672,946