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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 22,944 $ 19,590
Interest-bearing deposits in financial institutions and federal funds sold 6,311 69,539
Total cash and cash equivalents 29,255 89,129
Interest-bearing time deposits 15,410 16,922
Securities available-for-sale 783,967 831,003
Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) stock, at cost 4,141 3,422
Loans receivable, net 1,175,247 1,144,108
Loans held for sale 467 0
Bank premises and equipment, net 18,155 17,512
Accrued income receivable 12,073 10,124
Bank-owned life insurance 3,036 2,985
Deferred income taxes, net 25,453 1,922
Intangible assets, net 2,067 2,505
Goodwill 12,424 12,424
Other assets 5,244 4,985
Total assets 2,086,939 2,137,041
LIABILITIES    
Noninterest-bearing checking 381,137 411,585
Interest-bearing checking 621,082 575,997
Savings and money market 675,826 674,975
Time, $250 and over 34,955 40,793
Other time 160,011 174,669
Total deposits 1,873,011 1,878,019
Securities sold under agreements to repurchase 41,069 39,851
FHLB advances and other borrowings 27,450 3,000
Dividends payable 2,428 2,364
Accrued expenses and other liabilities 5,710 6,029
Total liabilities 1,949,668 1,929,263
STOCKHOLDERS' EQUITY    
Common stock, $2 par value, authorized 18,000,000 shares; issued and outstanding 8,992,167 shares and 9,092,167 shares as of September 30, 2022 and December 31, 2021, respectively 17,984 18,184
Additional paid-in capital 14,253 16,353
Retained earnings 177,947 170,377
Accumulated other comprehensive income (loss) (72,913) 2,864
Total stockholders' equity 137,271 207,778
Total liabilities and stockholders' equity $ 2,086,939 $ 2,137,041