XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Cash and cash equivalents:    
Cash and due from banks $ 11,790 $ 6,487
Federal funds sold 385 1,491
Interest-bearing deposits in other financial institutions 159,431 379,005
Total cash and cash equivalents 171,606 386,983
Available-for-sale securities, at fair value   55,562
Held-to-maturity securities, at amortized cost (fair value of $84,742 as of June 30, 2022) 87,029  
Correspondent bank stock, at cost 4,352 2,584
Mortgage loans held for sale, at fair value 26,202 30,620
Loans (includes $21,477 and $0 measured at fair value, respectively) 2,146,394 1,949,137
Allowance for loan losses (14,357) (13,732)
Loans, net 2,132,037 1,935,405
Premises and equipment, net 24,236 23,976
Accrued interest receivable 7,884 7,151
Accounts receivable 5,192 5,267
Other receivables 4,575 1,949
Other real estate owned, net 378  
Goodwill and other intangible assets, net 32,258 31,902
Deferred tax assets, net 7,662 6,845
Company-owned life insurance 15,976 15,803
Other assets 21,960 23,327
Assets held for sale 146 115
Total assets 2,541,493 2,527,489
Deposits:    
Noninterest-bearing 668,342 636,304
Interest-bearing 1,501,656 1,569,399
Total deposits 2,169,998 2,205,703
Borrowings:    
Federal Home Loan Bank and Federal Reserve borrowings 87,223 38,629
Subordinated notes 32,553 39,031
Accrued interest payable 304 355
Other liabilities 23,391 24,730
Total liabilities 2,313,469 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; 9,478,710 and 9,419,271 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively
Additional paid-in capital 189,494 188,629
Retained earnings 40,195 30,189
Accumulated other comprehensive (loss)/income (1,665) 223
Total shareholders' equity 228,024 219,041
Total liabilities and shareholders' equity $ 2,541,493 $ 2,527,489