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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 28,976 $ 27,747
Interest bearing deposits in other banks 110,235 231,603
Investment securities available for sale, at fair value 677,734 677,029
Marketable equity securities 10,515 10,740
Investment securities held to maturity, at amortized cost 36,750 36,750
Investment in Federal Home Loan Bank stock 3,752 3,816
Loans held for sale 23,985 27,538
Loans 1,535,187 1,501,785
Allowance for credit losses, loans (14,157) (13,838)
Net loans 1,521,030 1,487,947
Purchased receivables, net 21,190 19,994
Other real estate owned, net 273 0
Premises and equipment, net 38,163 37,821
Operating lease right-of-use assets 9,469 9,868
Goodwill 15,017 15,017
Other intangible assets, net 963 967
Other assets 63,682 68,846
Total assets 2,580,037 2,674,318
Deposits:    
Demand 767,772 797,434
Interest-bearing demand 717,910 767,686
Savings 292,857 320,917
Money market 262,478 308,317
Certificates of deposit less than $250,000 149,698 115,330
Certificates of deposit $250,000 and greater 105,558 77,527
Total deposits 2,296,273 2,387,211
Borrowings 13,991 14,095
Junior subordinated debentures 10,310 10,310
Operating lease liabilities 9,466 9,865
Other liabilities 25,572 34,208
Total liabilities 2,355,612 2,455,689
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, 5,672,841 and 5,700,728 issued and outstanding at March 31, 2023 and December 31, 2022, respectively 5,673 5,701
Additional paid-in capital 16,625 17,784
Retained earnings 225,611 224,225
Accumulated other comprehensive loss, net of tax (23,484) (29,081)
Total shareholders' equity 224,425 218,629
Total liabilities and shareholders' equity 2,580,037 2,674,318
Mortgage servicing rights    
ASSETS    
Mortgage servicing rights, at fair value $ 18,303 $ 18,635