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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets:    
Cash and due from banks $ 3,542 $ 27,317
Interest-bearing deposits with financial institutions 25,549 69,560
Total cash and cash equivalents 29,091 96,877
Available-for-sale securities 420,862 738,980
Held-to-maturity securities (fair value of $187,280 in 2022; $0 in 2021) 222,744 0
Restricted investments in bank stock 5,268 3,206
Loans and leases, net (allowance for loan losses of $17,149 in 2022; $15,624 in 2021) 1,547,025 1,417,504
Loans held-for-sale (fair value $1,660 in 2022; $32,013 in 2021) 1,637 31,727
Foreclosed assets held-for-sale 168 434
Bank premises and equipment, net 31,307 29,310
Leased property under finance leases, net 1,089 1,307
Right-of-use assets 8,642 9,006
Cash surrender value of bank owned life insurance 54,035 52,745
Accrued interest receivable 8,487 7,526
Goodwill 19,628 19,628
Core deposit intangible, net 1,540 1,942
Other assets 26,849 8,912
Total assets 2,378,372 2,419,104
Liabilities:    
Interest-bearing 1,564,305 1,579,582
Non-interest-bearing 602,608 590,283
Total deposits 2,166,913 2,169,865
Accrued interest payable and other liabilities 17,483 15,943
Finance lease obligation 1,110 1,320
Operating lease liabilities 9,357 9,627
Short-term borrowings 12,940 0
Secured borrowings 7,619 10,620
Total liabilities 2,215,422 2,207,375
Shareholders' equity:    
Preferred stock authorized 5,000,000 shares with no par value; none issued 0 0
Capital stock, no par value (10,000,000 shares authorized; shares issued and outstanding; 5,630,794 at December 31, 2022; and 5,645,687 at December 31, 2021) 115,611 114,108
Retained earnings 119,754 97,442
Accumulated other comprehensive (loss) income (71,152) 179
Treasury stock, at cost (32,663 shares at December 31, 2022 and no shares at December 31, 2021) (1,263) 0
Total shareholders' equity 162,950 211,729
Total liabilities and shareholders' equity $ 2,378,372 $ 2,419,104