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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 28,681 $ 19,590
Interest-bearing deposits in financial institutions and federal funds sold 119,651 69,539
Total cash and cash equivalents 148,332 89,129
Interest-bearing time deposits 16,419 16,922
Securities available-for-sale 823,897 831,003
Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) stock, at cost 3,473 3,422
Loans receivable, net 1,130,077 1,144,108
Bank premises and equipment, net 17,733 17,512
Accrued income receivable 9,330 10,124
Bank-owned life insurance 3,002 2,985
Deferred income taxes, net 13,112 1,922
Intangible assets, net 2,359 2,505
Goodwill 12,424 12,424
Other assets 4,560 4,985
Total assets 2,184,718 2,137,041
LIABILITIES    
Noninterest-bearing checking 413,114 411,585
Interest-bearing checking 630,016 575,997
Savings and money market 705,560 674,975
Time, $250 and over 41,460 40,793
Other time 169,743 174,669
Total deposits 1,959,893 1,878,019
Securities sold under agreements to repurchase 39,902 39,851
FHLB advances 0 3,000
Dividends payable 2,455 2,364
Accrued expenses and other liabilities 5,803 6,029
Total liabilities 2,008,053 1,929,263
STOCKHOLDERS' EQUITY    
Common stock, $2 par value, authorized 18,000,000 shares; issued and outstanding 9,092,167 shares as of March 31, 2022 and December 31, 2021 18,184 18,184
Additional paid-in capital 16,353 16,353
Retained earnings 173,067 170,377
Accumulated other comprehensive income (loss) (30,939) 2,864
Total stockholders' equity 176,665 207,778
Total liabilities and stockholders' equity $ 2,184,718 $ 2,137,041