XML 16 R2.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Consolidated Balance Sheets    
Cash and due from banks, including reserve requirements of $0 at both 12/31/22 and 12/31/21 $ 50,061 $ 44,711
Interest-bearing deposits 21,535 232,788
Cash and cash equivalents 71,596 277,499
Investment securities available for sale 445,394 406,549
Other investments 2,656 3,668
Total securities 448,050 410,217
Mortgage loans held for sale 211 3,637
Loans 1,032,608 884,869
Less allowance for loan losses (10,494) (9,355)
Net loans 1,022,114 875,514
Premises and equipment, net 18,205 16,104
Cash surrender value of life insurance 17,703 17,365
Right of use lease asset 5,116 4,612
Accrued interest receivable and other assets 37,932 19,245
Total assets 1,620,927 1,624,193
Deposits:    
Noninterest-bearing demand 523,088 514,319
Interest-bearing demand, MMDA & savings 814,128 797,179
Time, $250,000 or more 31,001 26,333
Other time 66,998 74,917
Total deposits 1,435,215 1,412,748
Securities sold under agreements to repurchase 47,688 37,094
Junior subordinated debentures 15,464 15,464
Lease liability 5,185 4,677
Accrued interest payable and other liabilities 12,180 11,841
Total liabilities 1,515,732 1,481,824
Shareholders' equity:    
Preferred stock, no par value; authorized 5,000,000 shares; no shares issued and outstanding 0 0
Common stock, no par value; authorized 20,000,000 shares; issued and outstanding 5,636,830 shares at December 31, 2022 and 5,661,569 shares at December 31, 2021 52,636 53,305
Common stock held by deferred compensation trust, at cost; 169,004 shares at December 31, 2022 and 162,193 shares at December 31, 2021 (2,181) (1,992)
Deferred compensation 2,181 1,992
Retained earnings 100,156 88,968
Accumulated other comprehensive income (loss) (47,597) 96
Total shareholders' equity 105,195 142,369
Total liabilities and shareholders' equity $ 1,620,927 $ 1,624,193