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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Cash and cash equivalents:    
Cash and due from banks $ 6,920 $ 4,926
Interest-bearing deposits in other financial institutions 288,147 191,586
Total cash and cash equivalents 295,067 196,512
Held-to-maturity securities, at amortized cost, net of allowance for credit losses of $71 and $0, (fair value of $73,570 and $74,718, respectively) 79,565 81,056
Correspondent bank stock, at cost 13,222 7,110
Mortgage loans held for sale, at fair value 9,873 8,839
Loans held for sale 0 1,965
Loans (includes $20,807 and $23,321 measured at fair value, respectively) 2,469,038 2,469,413
Allowance for credit losses (19,843) (17,183)
Loans, net 2,449,195 2,452,230
Premises and equipment, net 25,383 25,118
Accrued interest receivable 10,976 10,445
Accounts receivable 4,713 4,873
Other receivables 2,396 1,973
Goodwill and other intangible assets, net 32,040 32,104
Deferred tax assets, net 6,792 6,914
Company-owned life insurance 16,242 16,152
Other assets 23,043 21,457
Total assets 2,968,507 2,866,748
Deposits:    
Noninterest-bearing 545,064 583,092
Interest-bearing 1,846,863 1,822,137
Total deposits 2,391,927 2,405,229
Borrowings:    
Federal Home Loan Bank and Federal Reserve borrowings 261,385 146,886
Subordinated notes 52,167 52,132
Accrued interest payable 1,786 1,125
Other liabilities 21,420 20,512
Total liabilities 2,728,685 2,625,884
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; 9,507,564 and 9,495,440 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 0 0
Additional paid-in capital 191,901 190,494
Retained earnings 49,637 51,887
Accumulated other comprehensive loss (1,716) (1,517)
Total shareholders’ equity 239,822 240,864
Total liabilities and shareholders’ equity $ 2,968,507 $ 2,866,748