XML 11 R2.htm IDEA: XBRL DOCUMENT v3.23.2
Interim Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 11,555 $ 11,844
Interest-bearing deposits in banks 63,113 18,308
Total cash and cash equivalents 74,668 30,152
Federal funds sold 721 1,768
Investment securities available-for-sale, at fair value 122,933 130,795
Investment securities held-to-maturity, at amortized cost 1,471 1,862
Federal Home Loan Bank stock, at cost 1,802 1,359
Loans and leases held for investment 814,494 773,873
Less allowance for credit losses 11,536 9,422
Net loans and leases held for investment 802,958 764,451
Premises and equipment, net of accumulated depreciation 24,050 24,439
Cash surrender value of bank-owned life insurance 16,546 16,399
Accrued interest receivable 3,151 3,011
Goodwill and core deposit intangible, net 7,691 7,801
Other real estate owned 617 686
Other assets 11,518 11,944
Total assets 1,068,126 994,667
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Non-interest-bearing 160,534 169,822
Interest-bearing 772,094 700,203
Total deposits 932,628 870,025
Accrued interest expense 1,563 607
Other liabilities 7,447 8,136
Short-term borrowings 30,000 20,038
Long-term borrowings 10,763 10,726
Total liabilities 982,401 909,532
Shareholders’ equity:    
Common stock, par value $0.01 per share, 10,000,000 shares authorized; 7,738,156 and 7,680,856 shares issued, respectively; 5,874,765 and 5,812,258 shares outstanding,respectively 75 75
Additional paid-in capital 14,675 14,510
Accumulated other comprehensive loss, net of tax (8,622) (7,241)
Retained earnings 106,157 104,460
Less treasury stock: 1,863,391 and 1,868,598 shares at cost, respectively (26,560) (26,669)
Total shareholders’ equity 85,725 85,135
Total liabilities and shareholders’ equity $ 1,068,126 $ 994,667