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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 29,567 $ 149,511
Interest bearing time deposits 1,691 2,643
Available-for-sale securities 266,162 263,259
Loans held for sale 4,242 7,472
Loans, net of unearned income 895,611 822,714
Allowance for loan losses (13,801) (13,805)
Premises and equipment, net 23,122 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 730 2,104
Interest receivable 3,256 2,920
Goodwill 23,239 23,191
Cash value of life insurance 28,556 17,867
Mortgage servicing rights 13,408 12,034
Other assets 12,886 12,429
Total assets 1,293,972 1,330,854
Deposits    
Non interest bearing demand 239,676 247,044
Interest bearing demand 198,286 195,464
Savings 215,285 237,571
Money market 276,274 276,462
Time deposits 142,258 156,504
Total deposits 1,071,779 1,113,045
Short-term borrowings 30,772 15,320
Federal Home Loan Bank advances 25,000 5,500
Trust preferred securities 10,310 10,310
Subordinated debt net of issuance costs 19,570 19,546
Interest payable 307 299
Other liabilities 11,678 21,905
Total liabilities 1,169,416 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 15,069 14,944
Retained earnings 96,809 99,716
Accumulated other comprehensive loss (22,210) (1,845)
Treasury stock, at cost; (2022 - 1,508,835 common shares, 2021 - 1,296,382 common shares) (26,431) (22,349)
Total shareholders’ equity 124,556 144,929
Total liabilities and shareholders’ equity $ 1,293,972 $ 1,330,854