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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets:    
Cash and due from banks $ 35,294 $ 3,542
Interest-bearing deposits with financial institutions 34,338 25,549
Total cash and cash equivalents 69,632 29,091
Available-for-sale securities 380,785 420,862
Held-to-maturity securities (fair value of $192,084 in 2023; $187,280 in 2022) 223,479 222,744
Restricted investments in bank stock 3,728 5,268
Loans and leases, net (allowance for credit losses of $18,350 in 2023; $17,149 in 2022) 1,611,314 1,547,025
Loans held-for-sale (fair value $1,851 in 2023; $1,660 in 2022) 1,808 1,637
Foreclosed assets held-for-sale 87 168
Bank premises and equipment, net 31,329 31,307
Leased property under finance leases, net 969 1,089
Right-of-use assets 8,411 8,642
Cash surrender value of bank owned life insurance 53,892 54,035
Accrued interest receivable 8,343 8,487
Goodwill 19,628 19,628
Core deposit intangible, net 1,353 1,540
Other assets 26,474 26,849
Total assets 2,441,232 2,378,372
Liabilities:    
Interest-bearing 1,569,519 1,564,305
Non-interest-bearing 582,473 602,608
Total deposits 2,151,992 2,166,913
Accrued interest payable and other liabilities 16,442 17,434
Allowance for credit losses on off-balance sheet credit exposures 1,284 49
Finance lease obligation 991 1,110
Operating lease liabilities 9,170 9,357
Short-term borrowings 76,111 12,940
Secured borrowings 7,498 7,619
Total liabilities 2,263,488 2,215,422
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; 5,681,260 at June 30, 2023; and 5,630,794 at December 31, 2022) 116,959 115,611
Retained earnings 126,711 119,754
Accumulated other comprehensive loss (65,268) (71,152)
Treasury stock, at cost (16,473 shares at June 30, 2023 and 32,663 shares at December 31, 2022) (658) (1,263)
Total shareholders' equity 177,744 162,950
Total liabilities and shareholders' equity $ 2,441,232 $ 2,378,372