XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
[1]
ASSETS    
Cash and due from banks $ 131,843 $ 77,274
Federal funds sold 2,492 1,426
Securities available for sale, at fair value 340,617 354,341
Restricted equity investments 17,538 21,257
Other equity investments 22,693 23,776
Other investments 27,157 24,672
Loans held for sale 64,102 69,534
Paycheck Protection Program loans, net of deferred fees and costs 7,234 11,967
Loans held for investment, net of deferred fees and costs 2,451,697 2,399,092
Less: allowance for credit losses (43,067) (22,939)
Loans held for investment, net 2,408,630 2,376,153
Accrued interest receivable 15,474 12,393
Other real estate owned 0 195
Premises and equipment, net 22,849 23,152
Right-of-use assets 5,744 6,903
Bank owned life insurance 47,828 47,245
Goodwill 26,826 26,826
Other intangible assets 5,925 6,583
Mortgage servicing rights, net 28,246 28,991
Deferred tax asset, net 11,051 9,182
Other assets 28,175 19,175
Total assets 3,214,424 3,141,045
Deposits:    
Noninterest-bearing demand 575,989 640,101
Interest-bearing demand and money market deposits 1,293,754 1,318,799
Savings 131,332 151,646
Time deposits 612,019 391,961
Total deposits 2,613,094 2,502,507
FHLB borrowings 219,100 311,700
FRB borrowings 65,000 51
Subordinated notes, net 39,888 39,920
Lease liabilities 6,765 7,860
Other liabilities 39,306 19,634
Total liabilities 2,983,153 2,881,672
Stockholders’ Equity:    
Common stock, no par value; 50,000,000 and 25,000,000 shares authorized at June 30, 2023 and December 31, 2022, respectively; 18,933,637 and 18,774,082 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively 196,990 195,960
Additional paid-in capital 252 252
Retained earnings 80,287 108,262
Accumulated other comprehensive loss, net of tax (46,258) (45,101)
Total stockholders’ equity 231,271 259,373
Total liabilities and stockholders’ equity $ 3,214,424 $ 3,141,045
[1] Derived from audited December 31, 2022 Consolidated Financial Statements.