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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 130,003 $ 149,511
Interest bearing time deposits 1,894 2,643
Available-for-sale securities 265,311 263,259
Loans held for sale 4,737 7,472
Loans, net of unearned income 850,671 822,714
Allowance for loan losses (13,804) (13,805)
Premises and equipment, net 23,039 23,212
Federal Reserve and Federal Home Loan Bank Stock, at cost 5,303 5,303
Foreclosed assets and other assets held for sale, net 527 2,104
Interest receivable 2,815 2,920
Goodwill 23,239 23,191
Cash value of life insurance 17,932 17,867
Mortgage servicing rights 13,135 12,034
Other assets 10,328 12,429
Total assets 1,335,130 1,330,854
Liabilities    
Non interest bearing demand 252,273 247,044
Interest bearing demand 211,152 195,464
Savings 236,394 237,571
Money market 289,699 276,462
Time deposits 148,553 156,504
Total deposits 1,138,071 1,113,045
Repurchase agreements 19,035 15,320
Federal Home Loan Bank advances 5,500 5,500
Trust preferred securities 10,310 10,310
Subordinated debt net of issuance costs 19,558 19,546
Interest payable 536 299
Other liabilities 9,483 21,905
Total liabilities 1,202,493 1,185,925
Commitments & Contingent Liabilities
Shareholders’ Equity    
Preferred stock, no par value; authorized 200,000 shares; 2022 - 0 shares outstanding, 2021 - 0 shares outstanding
Common stock, no par value; authorized 10,500,000 shares; 2022 - 8,525,375 shares issued, 2021 - 8,180,712 shares issued 61,319 54,463
Additional paid-in capital 14,872 14,944
Retained earnings 94,833 99,716
Accumulated other comprehensive loss (13,659) (1,845)
Treasury stock, at cost; (2022 - 1,414,624 common shares, 2021 - 1,296,382 common shares) (24,728) (22,349)
Total shareholders’ equity 132,637 144,929
Total liabilities and shareholders’ equity $ 1,335,130 $ 1,330,854