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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 31,276 $ 27,747
Interest bearing deposits in other banks 79,952 231,603
Investment securities available for sale, at fair value 652,150 677,029
Marketable equity securities 10,615 10,740
Investment securities held to maturity, at amortized cost 36,750 36,750
Investment in Federal Home Loan Bank stock 6,334 3,816
Loans held for sale 63,151 27,538
Loans 1,720,091 1,501,785
Allowance for credit losses, loans (16,491) (13,838)
Net loans 1,703,600 1,487,947
Purchased receivables, net 34,578 19,994
Other real estate owned, net 150 0
Premises and equipment, net 40,920 37,821
Operating lease right-of-use assets 9,673 9,868
Goodwill 15,017 15,017
Other intangible assets, net 956 967
Other assets 85,671 68,846
Total assets 2,790,189 2,674,318
Deposits:    
Demand 764,647 797,434
Interest-bearing demand 875,814 767,686
Savings 265,799 320,917
Money market 230,814 308,317
Certificates of deposit less than $250,000 169,797 115,330
Certificates of deposit $250,000 and greater 121,059 77,527
Total deposits 2,427,930 2,387,211
Borrowings 63,781 14,095
Junior subordinated debentures 10,310 10,310
Operating lease liabilities 9,673 9,865
Other liabilities 53,236 34,208
Total liabilities 2,564,930 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, 5,548,436 and 5,700,728 issued and outstanding at September 30, 2023 and December 31, 2022, respectively 5,548 5,701
Additional paid-in capital 12,005 17,784
Retained earnings 232,747 224,225
Accumulated other comprehensive loss, net of tax (25,041) (29,081)
Total shareholders' equity 225,259 218,629
Total liabilities and shareholders' equity 2,790,189 2,674,318
Mortgage servicing rights    
ASSETS    
Mortgage servicing rights, at fair value $ 19,396 $ 18,635