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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 27,908 $ 24,464
Interest-bearing bank balances 66,787 12,937
Investment securities available-for-sale 282,226 331,862
Investment securities held-to-maturity, fair value of $205,518 and $213,613 at December 31, 2023 and December 31, 2022, respectively, net of allowance for credit losses-investments 217,170 228,701
Other investments, at cost 6,800 4,191
Loans held-for-sale 4,433 1,779
Loans held-for-investment 1,134,019 980,857
Less, allowance for credit losses 12,267 11,336
Net loans held-for-investment 1,121,752 969,521
Property and equipment - net 30,589 31,277
Lease right-of-use asset 3,248 2,702
Bank owned life insurance 30,174 29,952
Other real estate owned 622 934
Intangible assets 604 761
Goodwill 14,637 14,637
Other assets 20,738 19,228
Total assets 1,827,688 1,672,946
Deposits:    
Non-interest bearing 432,333 461,010
Interest bearing 1,078,668 924,372
Total deposits 1,511,001 1,385,382
Securities sold under agreements to repurchase 62,863 68,743
Federal funds purchased 22,000
Federal Home Loan Bank advances 90,000 50,000
Junior subordinated debt 14,964 14,964
Lease liability 3,426 2,832
Other liabilities 14,375 10,664
Total liabilities 1,696,629 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 7,606,172 at December 31, 2023 and 7,577,912 at December 31, 2022 7,606 7,578
Nonvested restricted stock and stock units 2,181 1,461
Additional paid in capital 93,167 92,683
Retained earnings 56,296 49,025
Accumulated other comprehensive loss (28,191) (32,386)
Total shareholders’ equity 131,059 118,361
Total liabilities and shareholders’ equity $ 1,827,688 $ 1,672,946