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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Cash and cash equivalents:    
Cash and due from banks $ 6,285 $ 4,926
Interest-bearing deposits in other financial institutions 291,283 191,586
Total cash and cash equivalents 297,568 196,512
Held-to-maturity securities, at amortized cost, net of allowance for credit losses of $71 and $0, (fair value of $69,551 and $74,718, respectively) 77,469 81,056
Correspondent bank stock, at cost 13,518 7,110
Mortgage loans held for sale, at fair value 19,746 8,839
Loans held for sale 0 1,965
Total 2,495,582 2,469,413
Allowance for credit losses (22,044) (17,183)
Total, net 2,473,538 2,452,230
Premises and equipment, net 25,473 25,118
Accrued interest receivable 11,135 10,445
Accounts receivable 5,116 4,873
Other receivables 3,331 1,973
Goodwill and other intangible assets, net 31,977 32,104
Deferred tax assets, net 7,202 6,914
Company-owned life insurance 16,333 16,152
Other assets 23,240 21,457
Total assets 3,005,646 2,866,748
Deposits:    
Noninterest-bearing 514,241 583,092
Interest-bearing 1,861,153 1,822,137
Total deposits 2,375,394 2,405,229
Borrowings:    
Federal Home Loan Bank and Federal Reserve borrowings 312,600 146,886
Subordinated notes 52,223 52,132
Accrued interest payable 1,788 1,125
Other liabilities 21,399 20,512
Total liabilities 2,763,404 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; 9,545,071 and 9,495,440 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 0 0
Additional paid-in capital 191,968 190,494
Retained earnings 51,143 51,887
Accumulated other comprehensive loss (869) (1,517)
Total shareholders’ equity 242,242 240,864
Total liabilities and shareholders’ equity $ 3,005,646 $ 2,866,748