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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 27,817 $ 149,511
Interest bearing time deposits 2,131 2,643
Available-for-sale securities 238,780 263,259
Loans held for sale 2,073 7,472
Loans, net of unearned income 962,075 822,714
Allowance for loan losses (13,818) (13,805)
Premises and equipment, net 22,829 23,212
Federal Reserve and Federal Home Loan Bank Stock, at cost 6,326 5,303
Foreclosed assets and other assets held for sale, net 777 2,104
Interest receivable 4,091 2,920
Goodwill 23,239 23,191
Cash value of life insurance 28,870 17,867
Mortgage servicing rights 13,503 12,034
Other assets 16,940 12,429
Total assets 1,335,633 1,330,854
Deposits    
Non interest bearing demand 256,799 247,044
Interest bearing demand 191,719 195,464
Savings 191,272 237,571
Money market 255,995 276,462
Time deposits 190,880 156,504
Total deposits 1,086,665 1,113,045
Repurchase agreements 14,923 15,320
Federal Home Loan Bank advances 60,000 5,500
Trust preferred securities 10,310 10,310
Subordinated debt net of issuance costs 19,594 19,546
Interest payable 769 299
Other liabilities 24,944 21,905
Total liabilities 1,217,205 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; 2022 - 10,500,000 shares authorized, 8,525,375 shares issued; 2021 - 10,000,000 shares authorized, 8,180,712 shares issued 61,319 54,463
Additional paid-in capital 15,087 14,944
Retained earnings 101,966 99,716
Accumulated other comprehensive loss (32,120) (1,845)
Treasury stock, at cost; (2022 - 1,589,913 common shares; 2021 - 1,296,382 common shares) (27,824) (22,349)
Total shareholders’ equity 118,428 144,929
Total liabilities and shareholders’ equity $ 1,335,633 $ 1,330,854