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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 27,934 $ 149,511
Interest bearing time deposits 2,134 2,643
Available-for-sale securities 243,233 263,259
Loans held for sale 2,979 7,472
Loans, net of unearned income 925,249 822,714
Allowance for loan losses (13,824) (13,805)
Premises and equipment, net 22,842 23,212
Federal Reserve and Federal Home Loan Bank Stock, at cost 5,230 5,303
Foreclosed assets and other assets held for sale, net 756 2,104
Interest receivable 3,556 2,920
Goodwill 23,239 23,191
Cash value of life insurance 28,713 17,867
Mortgage servicing rights 13,473 12,034
Other assets 17,863 12,429
Total assets 1,303,377 1,330,854
Liabilities    
Non interest bearing demand 250,791 247,044
Interest bearing demand 199,523 195,464
Savings 201,402 237,571
Money market 258,975 276,462
Time deposits 175,202 156,504
Total deposits 1,085,893 1,113,045
Short-term borrowings 19,754 15,320
Federal Home Loan Bank advances 35,000 5,500
Trust preferred securities 10,310 10,310
Subordinated debt net of issuance costs 19,582 19,546
Interest payable 623 299
Other liabilities 17,587 21,905
Total liabilities 1,188,749 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 15,000 14,944
Retained earnings 99,309 99,716
Accumulated other comprehensive loss (33,426) (1,845)
Treasury stock, at cost; (2022 - 1,575,061 common shares, 2021 - 1,296,382 common shares) (27,574) (22,349)
Total shareholders’ equity 114,628 144,929
Total liabilities and shareholders’ equity $ 1,303,377 $ 1,330,854