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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 24,035 $ 20,805
Interest bearing deposits in other banks 312,888 625,022
Investment securities available for sale, at fair value 612,027 426,684
Marketable equity securities 9,122 8,420
Investment securities held to maturity, at amortized cost 29,750 20,000
Investment in Federal Home Loan Bank stock 3,824 3,107
Loans held for sale 63,080 73,650
Loans 1,405,709 1,413,886
Allowance for credit losses, loans (11,537) (11,739)
Net loans 1,394,172 1,402,147
Purchased receivables, net 15,277 6,987
Other real estate owned, net 5,638 5,638
Premises and equipment, net 37,106 37,164
Operating lease right-of-use assets 9,875 11,001
Goodwill 15,017 15,017
Other intangible assets, net 980 992
Other assets 62,062 54,361
Total assets 2,611,154 2,724,719
Deposits:    
Demand 830,156 887,824
Interest-bearing demand 666,283 692,683
Savings 349,208 348,164
Money market 319,843 314,996
Certificates of deposit less than $250,000 96,630 100,851
Certificates of deposit $250,000 and greater 73,270 77,113
Total deposits 2,335,390 2,421,631
Borrowings 14,302 14,508
Junior subordinated debentures 10,310 10,310
Operating lease liabilities 9,846 10,965
Other liabilities 26,017 29,488
Total liabilities 2,395,865 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, 5,681,089 and 6,014,813 issued and outstanding at June 30, 2022 and December 31, 2021, respectively 5,681 6,015
Additional paid-in capital 17,716 31,162
Retained earnings 211,232 204,046
Accumulated other comprehensive loss, net of tax (19,340) (3,406)
Total shareholders' equity 215,289 237,817
Total liabilities and shareholders' equity 2,611,154 2,724,719
Mortgage servicing rights    
ASSETS    
Mortgage servicing rights, at fair value $ 16,301 $ 13,724