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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 34,809 $ 27,747
Interest bearing deposits in other banks 1,943 231,603
Investment securities available for sale, at fair value 671,139 677,029
Marketable equity securities 10,604 10,740
Investment securities held to maturity, at amortized cost 36,750 36,750
Investment in Federal Home Loan Bank stock 5,858 3,816
Loans held for sale 60,759 27,538
Loans 1,659,239 1,501,785
Allowance for credit losses, loans (15,645) (13,838)
Net loans 1,643,594 1,487,947
Purchased receivables, net 21,866 19,994
Other real estate owned, net 273 0
Premises and equipment, net 39,573 37,821
Operating lease right-of-use assets 10,088 9,868
Goodwill 15,017 15,017
Other intangible assets, net 960 967
Other assets 66,726 68,846
Total assets 2,638,207 2,674,318
Deposits:    
Demand 711,390 797,434
Interest-bearing demand 795,128 767,686
Savings 275,602 320,917
Money market 232,698 308,317
Certificates of deposit less than $250,000 170,182 115,330
Certificates of deposit $250,000 and greater 117,311 77,527
Total deposits 2,302,311 2,387,211
Borrowings 64,887 14,095
Junior subordinated debentures 10,310 10,310
Operating lease liabilities 10,087 9,865
Other liabilities 29,276 34,208
Total liabilities 2,416,871 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, 5,610,841 and 5,700,728 issued and outstanding at June 30, 2023 and December 31, 2022, respectively 5,611 5,701
Additional paid-in capital 14,411 17,784
Retained earnings 227,756 224,225
Accumulated other comprehensive loss, net of tax (26,442) (29,081)
Total shareholders' equity 221,336 218,629
Total liabilities and shareholders' equity 2,638,207 2,674,318
Mortgage servicing rights    
ASSETS    
Mortgage servicing rights, at fair value $ 18,248 $ 18,635