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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 23,764 $ 23,156
Interest-bearing deposits at other banks 8,586 9,084
Investment securities available-for-sale, at fair value 490,170 489,306
Investment securities, held-to-maturity, net of allowance for credit losses of $91 and $0, fair value of $3,149 and 3,452 3,467 3,524
Bank stocks, at cost 6,876 5,470
Loans, net of allowance for credit losses of $10,267 and $8,791 859,541 841,149
Loans held for sale, at fair value 1,839 2,488
Bank owned life insurance 37,541 37,323
Premises and equipment, net 24,241 24,327
Goodwill 32,199 32,199
Other intangible assets, net 3,809 4,006
Mortgage servicing rights 3,652 3,813
Real estate owned, net 934 934
Accrued interest and other assets 24,198 26,088
Total assets 1,520,817 1,502,867
Deposits:    
Non-interest-bearing demand 421,971 410,142
Money market and checking 588,366 626,659
Savings 169,504 170,570
Certificates of deposit 114,189 93,278
Total deposits 1,294,030 1,300,649
Federal Home Loan Bank borrowings 37,804 8,200
Subordinated debentures 21,651 21,651
Other borrowings 28,750 38,402
Accrued interest and other liabilities 20,864 22,532
Total liabilities 1,403,099 1,391,434
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; 5,215,925 and 5,213,232 shares issued at March 31, 2023 and December 31, 2022, respectively 52 52
Additional paid-in capital 84,413 84,273
Retained earnings 53,231 52,174
Accumulated other comprehensive loss (19,978) (25,066)
Total stockholders’ equity 117,718 111,433
Total liabilities and stockholders’ equity $ 1,520,817 $ 1,502,867