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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 226,374 $ 77,274 [1]
Federal funds sold 1,976 1,426 [1]
Securities available for sale, at fair value 351,990 354,341 [1]
Restricted equity investments 18,388 21,257 [1]
Other equity investments 22,960 23,776 [1]
Other investments 26,538 24,672 [1]
Loans held for sale 76,528 69,534 [1]
Paycheck Protection Program loans, net of deferred fees and costs 7,988 11,967 [1]
Loans held for investment, net of deferred fees and costs 2,448,992 2,399,092 [1]
Less allowance for loan losses (29,974) (22,939) [1]
Loans held for investment, net 2,419,018 2,376,153 [1]
Accrued interest receivable 14,915 12,393 [1]
Other real estate owned 0 195 [1]
Premises and equipment, net 23,244 23,152 [1]
Right-of-use asset 6,470 6,903 [1]
Bank owned life insurance 47,536 47,245 [1]
Goodwill 26,826 26,826 [1]
Other intangible assets 6,196 6,583 [1]
Mortgage servicing rights, net 27,095 28,991 [1]
Deferred tax asset, net 9,605 9,182 [1]
Other assets 21,264 19,175 [1]
Total assets 3,334,911 3,141,045 [1]
Deposits:    
Noninterest-bearing demand 594,518 640,101 [1]
Interest-bearing demand and money market deposits 1,326,655 1,318,799 [1]
Savings 143,530 151,646 [1]
Time deposits 696,344 391,961 [1]
Total deposits 2,761,047 2,502,507 [1]
FHLB borrowings 239,100 311,700 [1]
FRB borrowings 0 51 [1]
Subordinated notes, net 39,904 39,920 [1]
Lease liabilities 7,398 7,860 [1]
Other liabilities 29,876 19,634 [1]
Total liabilities 3,077,325 2,881,672 [1]
Commitments and contingencies (Note 12)
Stockholders’ Equity:    
Common stock, no par value; 50,000,000 shares authorized at March 31, 2023 and December 31, 2022; 18,942,091and18,774,082shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively 196,498 195,960 [1]
Additional paid-in capital 252 252 [1]
Retained earnings 102,071 108,262 [1]
Accumulated other comprehensive loss, net of tax (41,235) (45,101) [1]
Total stockholders’ equity 257,586 259,373 [1]
Total liabilities and stockholders’ equity $ 3,334,911 $ 3,141,045 [1]
[1] Derived from audited December 31, 2022 Consolidated Financial Statements.