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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Cash and due from banks:    
Noninterest-bearing $ 25,267 $ 24,814
Interest-bearing 18,069 1,397
Total cash and cash equivalents 43,336 26,211
Interest bearing time deposits with other banks 4,566 6,055
Equity securities 1,858 2,208
Available-for-sale securities 417,807 439,506
Loans held for sale 14,155 725
Loans (net of allowance for credit losses - loans: 2023 $21,455 and 2022, $18,552) 2,224,941 1,706,447
Premises and equipment 21,421 17,619
Accrued interest receivable 10,327 7,332
Goodwill [1] 84,758 31,376
Bank owned life insurance 49,586 39,355
Other intangibles 3,866 1,272
Fair value of derivative instruments 18,144 16,599
Deferred tax asset 21,384 12,886
Other assets 43,067 25,802
TOTAL ASSETS 2,959,216 2,333,393
Deposits:    
Noninterest-bearing 542,144 396,260
Interest-bearing 1,792,991 1,447,948
Total deposits 2,335,135 1,844,208
Borrowed funds 316,151 257,278
Accrued interest payable 2,726 1,232
Fair value of derivative instruments - liability 10,694 9,726
Other liabilities 31,824 20,802
TOTAL LIABILITIES 2,696,530 2,133,246
STOCKHOLDERS' EQUITY:    
Preferred Stock $1.00 par value; authorized 3,000,000 shares at September 30, 2023 and December 31, 2022; none issued in 2023 or 2022 0 0
Common stock $1.00 par value; authorized 25,000,000 shares at September 30, 2023 and December 31, 2022; issued 5,160,754 at September 30, 2023 and 4,427,687 at December 31, 2022 5,161 4,428
Additional paid-in capital 143,302 80,911
Retained earnings 167,740 164,922
Accumulated other comprehensive loss (36,643) (33,141)
Treasury stock, at cost: 454,643 shares at September 30, 2023 and 456,478 shares at December 31, 2022 (16,874) (16,973)
TOTAL STOCKHOLDERS' EQUITY 262,686 200,147
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,959,216 $ 2,333,393
[1] Excludes fully amortized intangible assets