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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 21,625 $ 27,817
Interest bearing time deposits 1,380 2,131
Available-for-sale securities 237,607 238,780
Loans held for sale 5,592 2,073
Loans, net of unearned income 976,312 962,075
Allowance for credit losses (15,442) (13,818)
Premises and equipment, net 22,621 22,829
Federal Reserve and Federal Home Loan Bank Stock, at cost 6,054 6,326
Foreclosed assets and other assets held for sale, net 650 777
Interest receivable 3,926 4,091
Goodwill 23,239 23,239
Cash value of life insurance 29,024 28,870
Mortgage servicing rights 13,548 13,503
Other assets 15,157 16,940
Total assets 1,341,293 1,335,633
Liabilities    
Non interest bearing demand 237,175 256,799
Interest bearing demand 188,497 191,719
Savings 227,974 191,272
Money market 222,203 255,995
Time deposits 234,295 190,880
Total deposits 1,110,144 1,086,665
Repurchase agreements 15,998 14,923
Federal Home Loan Bank advances 44,500 60,000
Trust preferred securities 10,310 10,310
Subordinated debt net of issuance costs 19,606 19,594
Interest payable 1,441 769
Other liabilities 19,535 24,944
Total liabilities 1,221,534 1,217,205
Commitments & Contingent Liabilities
Shareholders’ Equity    
Preferred stock, no par value; authorized 200,000 shares; 2023 - 0 shares outstanding, 2022 - 0 shares outstanding
Common stock, no par value; 2023 - 10,500,000 shares authorized, 8,525,375 shares issued; 2022 - 10,500,000 shares authorized, 8,525,375 shares issued 61,319 61,319
Additional paid-in capital 14,953 15,087
Retained earnings 101,548 101,966
Accumulated other comprehensive loss (29,671) (32,120)
Treasury stock, at cost; (2023 - 1,568,056 common shares; 2022 - 1,589,913 common shares) (28,390) (27,824)
Total shareholders’ equity 119,759 118,428
Total liabilities and shareholders’ equity $ 1,341,293 $ 1,335,633