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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS:    
Cash and due from banks $ 25,750 $ 36,535
Interest-bearing demand deposits 9,122 3,188
Total cash and cash equivalents 34,872 39,723
Investment securities:    
Equity securities with a readily determinable fair value, at fair value 1,330 1,336
Equity securities without a readily determinable fair value, at cost 3,666 3,666
Debt securities, available-for-sale, at fair value 261,357 276,601
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss 18,844 16,858
Federal Reserve Bank stock, at cost 6,334 5,086
Federal Home Loan Bank stock, at cost 20,710 15,176
Loans, net of allowance for credit losses of $11,270 and $10,525 at June 30, 2024 and December 31, 2023, respectively 1,725,477 1,712,946
Financing Receivable, Held-for-Sale 44,002 0
Premises and equipment, net 40,766 36,302
Operating lease right-of-use assets 6,026 6,000
Goodwill 93,922 79,509
Core deposit and other intangibles, net 12,135 9,494
Bank-owned life insurance 53,510 49,847
Accrued interest receivable 9,473 8,405
Other assets, net 38,889 30,643
TOTAL ASSETS 2,371,313 2,291,592
Deposits:    
Noninterest-bearing 449,110 462,267
Interest-bearing 1,493,950 1,362,122
Total deposits 1,943,060 1,824,389
Short-term Debt 0 97,395
Debt, Long-term and Short-term, Combined Amount 162,150 113,123
Operating lease liabilities 6,290 6,261
Accrued interest and other liabilities 14,599 15,121
TOTAL LIABILITIES 2,126,099 2,056,289
COMMITMENTS AND CONTINGENT LIABILITIES $ 0 $ 0
Preferred shares authorized (in shares) 1,000,000 1,000,000
SHAREHOLDERS' EQUITY:    
Preferred shares – no par value, authorized 1,000 shares, none outstanding $ 0 $ 0
Common shares – no par value; authorized 19,000,000 shares; issued 17,363,138 and 16,384,952 shares at June 30, 2024 and December 31, 2023, respectively; outstanding 14,151,755 and 13,173,569 shares at June 30, 2024 and December 31, 2023, respectively 187,195 173,637
Retained earnings 136,883 140,017
Treasury shares at cost, 3,211,383 and 3,211,383 shares at June 30, 2024 and December 31, 2023, respectively (56,015) (56,015)
Accumulated other comprehensive loss, net of taxes (22,849) (22,336)
TOTAL SHAREHOLDERS' EQUITY 245,214 235,303
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 2,371,313 $ 2,291,592