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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Cash and cash equivalents:    
Cash and due from banks $ 5,961 $ 6,487
Federal funds sold 1,273 1,491
Interest-bearing deposits in other financial institutions 446,865 379,005
Total cash and cash equivalents 454,099 386,983
Available-for-sale securities, at fair value 58,727 55,562
Correspondent bank stock, at cost 1,617 2,584
Mortgage loans held for sale, at fair value 33,663 30,620
Loans (includes $6,380 and $0 measured at fair value, respectively) 1,923,825 1,949,137
Allowance for loan losses (13,885) (13,732)
Loans, net 1,909,940 1,935,405
Premises and equipment, net 23,539 23,976
Accrued interest receivable 6,969 7,151
Accounts receivable 6,445 5,267
Other receivables 2,841 1,949
Goodwill and other intangible assets, net 32,335 31,902
Deferred tax assets, net 7,540 6,845
Company-owned life insurance 15,889 15,803
Other assets 22,940 23,327
Assets held for sale 117 115
Total assets 2,576,661 2,527,489
Deposits:    
Noninterest-bearing 654,401 636,304
Interest-bearing 1,617,711 1,569,399
Total deposits 2,272,112 2,205,703
Borrowings:    
Federal Home Loan Bank and Federal Reserve borrowings 27,576 38,629
Subordinated notes 32,523 39,031
Accrued interest payable 312 355
Other liabilities 20,872 24,730
Total liabilities 2,353,395 2,308,448
Shareholders' Equity    
Preferred stock - no par value; 10,000,000 shares authorized; 0 issued and outstanding
Common stock - no par value; 90,000,000 shares authorized; 9,430,007 and 9,419,271 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively
Additional paid-in capital 189,283 188,629
Retained earnings 35,713 30,189
Accumulated other comprehensive income (1,730) 223
Total shareholders' equity 223,266 219,041
Total liabilities and shareholders' equity $ 2,576,661 $ 2,527,489