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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 128,231 $ 85,655
Investment securities available for sale, net of allowance for credit losses of $0 447,445 489,181
Loans, less allowance for credit losses of $13,157 at March 31, 2024 and $12,867 at December 31, 2023 966,141 948,604
Other real estate owned 357 357
Premises and equipment, net 12,960 18,948
Right-of-use assets 25,295 2,926
Bank owned life insurance 16,206 16,110
Goodwill 5,502 5,502
Accrued interest receivable and other assets 38,196 43,133
Total assets 1,640,333 1,610,416
Deposits:    
Non-interest bearing 665,975 692,768
Interest bearing 633,713 640,887
Total deposits 1,299,688 1,333,655
Repurchase agreements 19,331 23,054
Lease liability 25,424 3,001
Accrued interest payable and other liabilities 14,399 13,389
Other borrowings 120,000 90,000
Total liabilities 1,478,842 1,463,099
Commitments and contingencies (Note 5)
Shareholders’ equity:    
Common stock, no par value; 22,500,000 shares authorized; issued and outstanding – 5,895,595 shares at March 31, 2024 and 5,871,523 at December 31, 2023 28,492 28,033
Retained earnings 156,414 151,748
Accumulated other comprehensive loss, net (23,415) (32,464)
Total shareholders’ equity 161,491 147,317
Total liabilities and shareholders’ equity $ 1,640,333 $ 1,610,416