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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Consolidated Balance Sheets    
Cash and due from banks, including reserve requirements of $0 at both 6/30/23 and 12/31/22 $ 41,219 $ 50,061
Interest-bearing deposits 47,822 21,535
Cash and cash equivalents 89,041 71,596
Investment securities available for sale 394,084 445,394
Other investments 2,602 2,656
Total securities 396,686 448,050
Mortgage loans held for sale 1,560 211
Loans 1,057,724 1,032,608
Less allowance for credit losses (9,789) (10,494)
Net loans 1,047,935 1,022,114
Premises and equipment, net 16,734 18,205
Cash surrender value of life insurance 17,912 17,703
Right of use lease asset 5,061 5,116
Accrued interest receivable and other assets 36,645 37,932
Total assets 1,611,574 1,620,927
Deposits:    
Noninterest-bearing demand 454,702 523,088
Interest-bearing demand, MMDA & savings 679,823 814,128
Time, over $250,000 105,284 31,001
Other time 129,715 66,998
Total deposits 1,369,524 1,435,215
Securities sold under agreements to repurchase 93,172 47,688
Junior subordinated debentures 15,464 15,464
Lease liability 5,148 5,185
Accrued interest payable and other liabilities 15,896 12,180
Total liabilities 1,499,204 1,515,732
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 5,590,799 shares at June 30, 2023 and 5,636,830 shares at December 31, 2022 51,809 52,636
Common stock held by deferred compensation trust, at cost; 165,142 shares at June 30, 2023 and 169,094 shares at December 31, 2022 (1,967) (2,181)
Deferred compensation 1,967 2,181
Retained earnings 104,304 100,156
Accumulated other comprehensive loss (43,743) (47,597)
Total shareholders' equity 112,370 105,195
Total liabilities and shareholders' equity $ 1,611,574 $ 1,620,927