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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 23,156 $ 189,213
Interest-bearing deposits at other banks 9,084 7,378
Investment securities available-for-sale, at fair value 489,306 380,717
Investment securities held-to-maturity 3,524
Bank stocks, at cost 5,470 2,905
Loans, net of allowance for loans losses of $8,791 and $8,775 841,149 653,233
Loans held for sale, at fair value 2,488 4,795
Bank owned life insurance 37,323 32,106
Premises and equipment, net 24,327 20,803
Goodwill 32,199 17,532
Other intangible assets, net 4,006 84
Mortgage servicing rights 3,813 4,193
Real estate owned, net 934 2,551
Accrued interest and other assets 26,088 13,458
Total assets 1,502,867 1,328,968
Deposits:    
Non-interest bearing demand 410,142 350,005
Money market and checking 626,659 536,868
Savings 170,570 155,501
Certificates of deposit 93,278 106,107
Total deposits 1,300,649 1,148,481
Federal Home Loan Bank borrowings 8,200
Subordinated debentures 21,651 21,651
Other borrowings 38,402 7,403
Accrued interest and other liabilities 22,532 15,790
Total liabilities 1,391,434 1,193,325
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par, 200,000 shares authorized; none issued
Common stock, $0.01 par, 7,500,000 shares authorized; 5,213,232 and 5,247,332 shares issued and outstanding at December 31, 2022 and 2021, respectively 52 50
Additional paid-in capital 84,273 79,120
Retained earnings 52,174 52,593
Accumulated other comprehensive (loss) income (25,066) 3,880
Total stockholders’ equity 111,433 135,643
Total liabilities and stockholders’ equity $ 1,502,867 $ 1,328,968