XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Cash and cash equivalents:    
Cash and due from banks $ 8,308 $ 6,487
Federal funds sold   1,491
Interest-bearing deposits in other financial institutions 156,940 379,005
Total cash and cash equivalents 165,248 386,983
Available-for-sale securities, at fair value   55,562
Held-to-maturity securities, at amortized cost (fair value of $78,624 as of September 30, 2022) 84,257  
Correspondent bank stock, at cost 12,783 2,584
Mortgage loans held for sale, at fair value 12,743 30,620
Loans (includes $22,871 and $0 measured at fair value, respectively) 2,351,322 1,949,137
Allowance for loan losses (16,081) (13,732)
Loans, net 2,335,241 1,935,405
Premises and equipment, net 24,668 23,976
Accrued interest receivable 8,451 7,151
Accounts receivable 5,947 5,267
Other receivables 2,868 1,949
Other real estate owned, net 187  
Goodwill and other intangible assets, net 32,181 31,902
Deferred tax assets, net 6,849 6,845
Company-owned life insurance 16,064 15,803
Other assets 21,212 23,327
Assets held for sale   115
Total assets 2,728,699 2,527,489
Deposits:    
Noninterest-bearing 662,055 636,304
Interest-bearing 1,505,392 1,569,399
Total deposits 2,167,447 2,205,703
Borrowings:    
Federal Home Loan Bank and Federal Reserve borrowings 273,225 38,629
Subordinated notes 32,584 39,031
Accrued interest payable 664 355
Other liabilities 19,917 24,730
Total liabilities 2,493,837 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; 9,492,006 and 9,419,271 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively
Additional paid-in capital 190,038 188,629
Retained earnings 46,416 30,189
Accumulated other comprehensive (loss)/income (1,592) 223
Total shareholders' equity 234,862 219,041
Total liabilities and shareholders' equity $ 2,728,699 $ 2,527,489