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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 19,049 $ 27,817
Interest bearing time deposits 1,180 2,131
Available-for-sale securities 212,768 238,780
Loans held for sale 3,206 2,073
Loans, net of unearned income 989,021 962,075
Allowance for credit losses (15,790) (13,818)
Premises and equipment, net 21,934 22,829
Federal Reserve and Federal Home Loan Bank Stock, at cost 6,261 6,326
Foreclosed assets and other assets held for sale, net 629 777
Interest receivable 4,457 4,091
Goodwill 23,239 23,239
Cash value of life insurance 29,291 28,870
Mortgage servicing rights 13,893 13,503
Other assets 17,336 16,940
Total assets 1,326,474 1,335,633
Deposits    
Non interest bearing demand 224,182 256,799
Interest bearing demand 174,729 191,719
Savings 226,077 191,272
Money market 216,565 255,995
Time deposits 243,766 190,880
Total deposits 1,085,319 1,086,665
Repurchase agreements 16,519 14,923
Federal Home Loan Bank advances 59,500 60,000
Trust preferred securities 10,310 10,310
Subordinated debt net of issuance costs 19,630 19,594
Interest payable 2,216 769
Other liabilities 20,632 24,944
Total liabilities 1,214,126 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 15,037 15,087
Retained earnings 105,521 101,966
Accumulated other comprehensive loss (39,517) (32,120)
Treasury stock, at cost; (2023 - 1,752,248 common shares; 2022 - 1,589,913 common shares) (30,012) (27,824)
Total shareholders’ equity 112,348 118,428
Total liabilities and shareholders’ equity $ 1,326,474 $ 1,335,633