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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 19,326 $ 20,805
Interest bearing deposits in other banks 513,482 625,022
Investment securities available for sale, at fair value 488,347 426,684
Marketable equity securities 7,997 8,420
Investment securities held to maturity, at amortized cost 24,750 20,000
Investment in Federal Home Loan Bank stock 3,828 3,107
Loans held for sale 49,980 73,650
Loans 1,377,387 1,413,886
Allowance for credit losses, loans (11,310) (11,739)
Net loans 1,366,077 1,402,147
Purchased receivables, net 8,552 6,987
Other real estate owned, net 5,638 5,638
Premises and equipment, net 37,416 37,164
Operating lease right-of-use assets 10,432 11,001
Goodwill 15,017 15,017
Other intangible assets, net 986 992
Other assets 58,910 54,361
Total assets 2,626,160 2,724,719
Deposits:    
Demand 812,545 887,824
Interest-bearing demand 674,393 692,683
Savings 351,681 348,164
Money market 329,261 314,996
Certificates of deposit less than $250,000 99,556 100,851
Certificates of deposit $250,000 and greater 75,630 77,113
Total deposits 2,343,066 2,421,631
Borrowings 14,404 14,508
Junior subordinated debentures 10,310 10,310
Operating lease liabilities 10,402 10,965
Other liabilities 22,146 29,488
Total liabilities 2,400,328 2,486,902
SHAREHOLDERS' EQUITY    
Preferred stock, $1 par value, 2,500,000 shares authorized, none issued or outstanding 0 0
Common stock, $1 par value, 10,000,000 shares authorized, 5,881,708 and 6,014,813 issued and outstanding at March 31, 2022 and December 31, 2021, respectively 5,882 6,015
Additional paid-in capital 25,559 31,162
Retained earnings 208,801 204,046
Accumulated other comprehensive loss, net of tax (14,410) (3,406)
Total shareholders' equity 225,832 237,817
Total liabilities and shareholders' equity 2,626,160 2,724,719
Mortgage servicing rights    
ASSETS    
Mortgage servicing rights, at fair value $ 15,422 $ 13,724