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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 23,821 $ 23,156
Interest-bearing deposits at other banks 5,904 9,084
Investment securities available-for-sale, at fair value 456,857 489,306
Investment securities, held-to-maturity, net of allowance for credit losses of $91 and $0, fair value of $3,225 and $3,452 3,525 3,524
Bank stocks, at cost 8,009 5,470
Loans, net of allowance for credit losses of $10,970 and $8,791 926,060 841,149
Loans held for sale, at fair value 1,857 2,488
Bank owned life insurance 38,090 37,323
Premises and equipment, net 23,911 24,327
Goodwill 32,377 32,199
Other intangible assets, net 3,414 4,006
Mortgage servicing rights 3,368 3,813
Real estate owned, net 934 934
Accrued interest and other assets 29,459 26,088
Total assets 1,557,586 1,502,867
Deposits:    
Non-interest-bearing demand 395,046 410,142
Money market and checking 586,651 626,659
Savings 157,112 170,570
Certificates of deposit 169,225 93,278
Total deposits 1,308,034 1,300,649
Federal Home Loan Bank and other borrowings 82,569 17,200
Subordinated debentures 21,651 21,651
Repurchase agreements 12,590 29,402
Accrued interest and other liabilities 23,185 22,532
Total liabilities 1,448,029 1,391,434
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; 5,221,117 and 5,213,232 shares issued at September 30, 2023 and December 31, 2022, respectively 52 52
Additional paid-in capital 84,568 84,273
Retained earnings 57,280 52,174
Accumulated other comprehensive loss (32,343) (25,066)
Total stockholders’ equity 109,557 111,433
Total liabilities and stockholders’ equity $ 1,557,586 $ 1,502,867