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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 49,234 $ 189,213
Interest-bearing deposits at other banks 8,844 7,378
Investment securities available-for-sale, at fair value 484,106 380,717
Bank stocks, at cost 6,641 2,905
Loans, net of allowance for loans losses of $8,858 and $8,775 702,138 653,233
Loans held for sale, at fair value 2,741 4,795
Bank owned life insurance 32,672 32,106
Premises and equipment, net 20,628 20,803
Goodwill 17,532 17,532
Other intangible assets, net 36 84
Mortgage servicing rights 3,980 4,193
Real estate owned, net 1,288 2,551
Accrued interest and other assets 25,456 13,458
Total assets 1,355,296 1,328,968
Deposits:    
Non-interest-bearing demand 347,942 350,005
Money market and checking 504,973 536,868
Savings 170,988 155,501
Certificates of deposit 93,234 106,107
Total deposits 1,117,137 1,148,481
Federal Home Loan Bank borrowings 74,900
Subordinated debentures 21,651 21,651
Other borrowings 16,349 7,403
Accrued interest and other liabilities 19,775 15,790
Total liabilities 1,249,812 1,193,325
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value per share, 200,000 shares authorized; none issued
Common stock, $0.01 par value per share, 7,500,000 shares authorized; 5,015,122 and 4,997,459 shares issued at September 30, 2022 and December 31, 2021, respectively 50 50
Additional paid-in capital 79,329 79,120
Retained earnings 58,114 52,593
Treasury stock, at cost; 41,821 and 0 shares at September 30, 2022 and December 31, 2021, respectively (1,040)
Accumulated other comprehensive (loss) income (30,969) 3,880
Total stockholders’ equity 105,484 135,643
Total liabilities and stockholders’ equity $ 1,355,296 $ 1,328,968