CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Cash and cash equivalents:
Cash and due from banks	$ 4,926	$ 6,487
Federal funds sold	0	1,491
Interest-bearing deposits in other financial institutions	191,586	379,005
Total cash and cash equivalents	196,512	386,983
Available-for-sale securities, at fair value	0	55,562
Held-to-maturity securities, at amortized cost (fair value of $74,718 as of December 31, 2022)	81,056
Correspondent bank stock, at cost	7,110	2,584
Mortgage loans held for sale, at fair value	8,839	30,620
Loans held for sale, at fair value	1,965	0
Loans (includes $23,321 and $0 measured at fair value, respectively)	2,469,413	1,949,137
Allowance for loan losses	17,183	13,732
Loans, net	2,452,230	1,935,405
Premises and equipment, net	25,118	23,976
Accrued interest receivable	10,445	7,151
Accounts receivable	4,873	5,267
Other receivables	1,973	1,949
Goodwill and other intangible assets, net	32,104	31,902
Deferred tax assets, net	6,914	6,845
Company-owned life insurance	16,152	15,803
Other assets	21,457	23,327
Assets held for sale	0	115
Total assets	2,866,748	2,527,489
Deposits:
Noninterest-bearing	583,092	636,304
Interest-bearing	1,822,137	1,569,399
Total deposits	2,405,229	2,205,703
Borrowings:
Federal Home Loan Bank and Federal Reserve borrowings	146,886	38,629
Subordinated notes	52,132	39,031
Accrued interest payable	1,125	355
Other liabilities	20,512	24,730
Total liabilities	2,625,884	2,308,448
Shareholders' Equity
Preferred stock - no par value; 10,000,000 shares authorized; 0 issued and outstanding	0	0
Common stock - no par value; 90,000,000 shares authorized; 9,495,440 and 9,419,271 shares issued and outstanding as of December 31, 2022 and December 31, 2021, respectively	0	0
Additional paid-in capital	190,494	188,629
Retained earnings	51,887	30,189
Accumulated other comprehensive (loss)/income	(1,517)	223
Total shareholders’ equity	240,864	219,041
Total liabilities and shareholders’ equity	$ 2,866,748	$ 2,527,489