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Consolidated Balance Sheets - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from banks, including reserve requirements of $0 at both 9/30/23 and 12/31/22 $ 35,762,000 $ 50,061,000
Interest-bearing deposits 40,857,000 21,535,000
Cash and cash equivalents 76,619,000 71,596,000
Investment securities available for sale 378,794,000 445,394,000
Other investments 2,900,000 2,656,000
Total securities 381,694,000 448,050,000
Mortgage loans held for sale 1,848,000 211,000
Loans 1,078,173,000 1,032,608,000
Less allowance for credit losses (10,285,000) (10,494,000)
Net loans 1,067,888,000 1,022,114,000
Premises and equipment, net 16,782,000 18,205,000
Cash surrender value of life insurance 18,021,000 17,703,000
Right of use lease asset 4,908,000 5,116,000
Accrued interest receivable and other assets 39,504,000 37,932,000
Total assets 1,607,264,000 1,620,927,000
Deposits:    
Noninterest-bearing demand 444,627,000 523,088,000
Interest-bearing demand, MMDA & savings 633,003,000 814,128,000
Time, over $250,000 137,715,000 31,001,000
Other time 165,423,000 66,998,000
Total deposits 1,380,768,000 1,435,215,000
Securities sold under agreements to repurchase 83,024,000 47,688,000
Junior subordinated debentures 15,464,000 15,464,000
Lease liability 5,002,000 5,185,000
Accrued interest payable and other liabilities 15,654,000 12,180,000
Total liabilities 1,499,912,000 1,515,732,000
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 5,549,799 shares at September 30, 2023 and 5,636,830 shares at December 31, 2022 50,969,000 52,636,000
Common stock held by deferred compensation trust, at cost; 167,193 shares at September 30, 2023 and 169,094 shares at December 31, 2022 (2,011,000) (2,181,000)
Deferred compensation 2,011,000 2,181,000
Retained earnings 107,372,000 100,156,000
Accumulated other comprehensive loss (50,989,000) (47,597,000)
Total shareholders' equity 107,352,000 105,195,000
Total liabilities and shareholders' equity $ 1,607,264,000 $ 1,620,927,000