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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 20,334 $ 20,805
Interest bearing deposits in other banks 386,587 625,022
Investment securities available for sale, at fair value 651,921 426,684
Marketable equity securities 11,149 8,420
Investment securities held to maturity, at amortized cost 36,750 20,000
Investment in Federal Home Loan Bank stock 3,820 3,107
Loans held for sale 49,356 73,650
Loans 1,407,266 1,413,886
Allowance for credit losses, loans (11,982) (11,739)
Net loans 1,395,284 1,402,147
Purchased receivables, net 4,785 6,987
Other real estate owned, net 5,638 5,638
Premises and equipment, net 36,931 37,164
Operating lease right-of-use assets 10,434 11,001
Goodwill 15,017 15,017
Other intangible assets, net 973 992
Other assets 70,826 54,361
Total assets 2,717,514 2,724,719
Deposits:    
Demand 861,378 887,824
Interest-bearing demand 757,422 692,683
Savings 344,975 348,164
Money market 309,690 314,996
Certificates of deposit less than $250,000 100,022 100,851
Certificates of deposit $250,000 and greater 65,848 77,113
Total deposits 2,439,335 2,421,631
Borrowings 14,199 14,508
Junior subordinated debentures 10,310 10,310
Operating lease liabilities 10,430 10,965
Other liabilities 32,541 29,488
Total liabilities 2,506,815 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 September 30, 2022 and December 31, 2021, respectively 5,681 6,015
Additional paid-in capital 17,907 31,162
Retained earnings 218,499 204,046
Accumulated other comprehensive loss, net of tax (31,388) (3,406)
Total shareholders' equity 210,699 237,817
Total liabilities and shareholders' equity 2,717,514 2,724,719
Mortgage servicing rights    
ASSETS    
Mortgage servicing rights, at fair value $ 17,709 $ 13,724