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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 21,992 $ 20,819
Interest-bearing deposits in financial institutions and federal funds sold 68,071 7,065
Total cash and cash equivalents 90,063 27,884
Interest-bearing time deposits 9,889 14,669
Securities available-for-sale 736,944 786,438
Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) stock, at cost 4,000 4,613
Loans receivable, net 1,231,893 1,226,011
Loans held for sale 428 154
Bank premises and equipment, net 21,828 18,895
Accrued income receivable 13,794 11,275
Bank-owned life insurance 3,111 3,054
Deferred Income Tax Assets, Net 23,206 22,130
Intangible assets, net 1,543 1,931
Goodwill 12,424 12,424
Other assets 4,928 5,448
Total assets 2,154,051 2,134,926
LIABILITIES    
Noninterest-bearing checking 371,691 391,576
Interest-bearing checking 616,382 617,379
Savings and money market 567,461 675,031
Time, $250 and over 74,360 42,886
Other time 198,787 171,085
Total deposits 1,828,681 1,897,957
Securities sold under agreements to repurchase 60,941 40,676
Other borrowings 105,942 39,120
Dividends payable 2,428 2,428
Accrued interest payable 3,561 666
Accrued expenses and other liabilities 5,858 4,981
Total liabilities 2,007,411 1,985,828
STOCKHOLDERS' EQUITY    
Common stock, $2 par value, authorized 18,000,000 shares; issued and outstanding 8,992,167 shares as of September 30, 2023 and December 31, 2022 17,984 17,984
Additional paid-in capital 14,253 14,253
Retained earnings 180,724 179,931
Accumulated other comprehensive (loss) (66,321) (63,070)
Total stockholders' equity 146,640 149,098
Total liabilities and stockholders' equity $ 2,154,051 $ 2,134,926