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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 20,993 $ 27,817
Interest bearing time deposits 1,180 2,131
Available-for-sale securities 227,996 238,780
Loans held for sale 5,684 2,073
Loans, net of unearned income 984,824 962,075
Allowance for credit losses (15,795) (13,818)
Premises and equipment, net 22,230 22,829
Federal Reserve and Federal Home Loan Bank Stock, at cost 7,634 6,326
Foreclosed assets and other assets held for sale, net 625 777
Interest receivable 4,079 4,091
Goodwill 23,239 23,239
Cash value of life insurance 29,183 28,870
Mortgage servicing rights 13,723 13,503
Other assets 15,840 16,940
Total assets 1,341,435 1,335,633
Liabilities    
Non interest bearing demand 218,411 256,799
Interest bearing demand 170,282 191,719
Savings 225,065 191,272
Money market 217,681 255,995
Time deposits 239,717 190,880
Total deposits 1,071,156 1,086,665
Repurchase agreements 21,118 14,923
Federal Home Loan Bank advances 81,300 60,000
Trust preferred securities 10,310 10,310
Subordinated debt net of issuance costs 19,618 19,594
Interest payable 1,866 769
Other liabilities 18,401 24,944
Total liabilities 1,223,769 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 15,154 15,087
Retained earnings 103,725 101,966
Accumulated other comprehensive loss (32,894) (32,120)
Treasury stock, at cost; (2023 - 1,659,468 common shares; 2022 - 1,589,913 common shares) (29,638) (27,824)
Total shareholders’ equity 117,666 118,428
Total liabilities and shareholders’ equity $ 1,341,435 $ 1,335,633