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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 22,045 $ 20,819
Interest-bearing deposits in financial institutions and federal funds sold 71,254 7,065
Total cash and cash equivalents 93,299 27,884
Interest-bearing time deposits 11,114 14,669
Securities available-for-sale 758,520 786,438
Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) stock, at cost 4,007 4,613
Loans receivable, net 1,232,772 1,226,011
Loans held for sale 652 154
Bank premises and equipment, net 20,877 18,895
Accrued income receivable 10,560 11,275
Bank-owned life insurance 3,092 3,054
Deferred Income Tax Assets, Net 20,411 22,130
Intangible assets, net 1,673 1,931
Goodwill 12,424 12,424
Other assets 4,860 5,448
Total assets 2,174,261 2,134,926
LIABILITIES    
Noninterest-bearing checking 390,382 391,576
Interest-bearing checking 608,825 617,379
Savings and money market 608,000 675,031
Time, $250 and over 67,382 42,886
Other time 188,688 171,085
Total deposits 1,863,277 1,897,957
Securities sold under agreements to repurchase 48,081 40,676
Other borrowings 97,400 39,120
Dividends payable 2,428 2,428
Accrued interest payable 2,334 666
Accrued expenses and other liabilities 5,312 4,981
Total liabilities 2,018,832 1,985,828
STOCKHOLDERS' EQUITY    
Common stock, $2 par value, authorized 18,000,000 shares; issued and outstanding 8,992,167 shares as of June 30, 2023 and December 31, 2022 17,984 17,984
Additional paid-in capital 14,253 14,253
Retained earnings 180,228 179,931
Accumulated other comprehensive (loss) (57,036) (63,070)
Total stockholders' equity 155,429 149,098
Total liabilities and stockholders' equity $ 2,174,261 $ 2,134,926