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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 20,493 $ 20,819
Interest-bearing deposits in financial institutions and federal funds sold 66,693 7,065
Total cash and cash equivalents 87,186 27,884
Interest-bearing time deposits 13,923 14,669
Securities available-for-sale 788,910 786,438
Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) stock, at cost 3,328 4,613
Loans receivable, net 1,224,045 1,226,011
Loans held for sale 313 154
Bank premises and equipment, net 20,168 18,895
Accrued income receivable 10,594 11,275
Bank-owned life insurance 3,073 3,054
Deferred Income Tax Assets, Net 19,250 22,130
Intangible assets, net 1,801 1,931
Goodwill 12,424 12,424
Other assets 4,636 5,448
Total assets 2,189,651 2,134,926
LIABILITIES    
Noninterest-bearing checking 374,358 391,576
Interest-bearing checking 650,518 617,379
Savings and money market 629,288 675,031
Time, $250 and over 62,168 42,886
Other time 180,461 171,085
Total deposits 1,896,793 1,897,957
Securities sold under agreements to repurchase 46,202 40,676
Other borrowings 78,550 39,120
Dividends payable 2,428 2,428
Accrued expenses and other liabilities 6,596 5,647
Total liabilities 2,030,569 1,985,828
STOCKHOLDERS' EQUITY    
Common stock, $2 par value, authorized 18,000,000 shares; issued and outstanding 8,992,167 shares as of March 31, 2023 and December 31, 2022 17,984 17,984
Additional paid-in capital 14,253 14,253
Retained earnings 180,097 179,931
Accumulated other comprehensive (loss) (53,252) (63,070)
Total stockholders' equity 159,082 149,098
Total liabilities and stockholders' equity $ 2,189,651 $ 2,134,926