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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 23,893 $ 19,699
Interest-bearing deposits 103,194 95,094
Cash and cash equivalents 127,087 114,793
Securities:    
Debt securities available for sale 94,113  
Debt securities available for sale   95,393
Debt securities held to maturity   35,760
Debt securities held to maturity 35,824  
Equity securities with readily determinable fair values 8,327 9,793
Total securities 138,264 140,946
Loans:    
Total loans 2,130,919  
Allowance for credit losses (26,201)  
Net loans 2,104,718  
Loans:    
Total loans   2,106,559
Allowance for credit losses   (25,196)
Net loans   2,081,363
Premises and equipment, net 19,868 20,002
Bank owned life insurance ("BOLI") 26,856 26,776
Deferred tax assets, net 12,360 12,345
Federal Home Loan Bank ("FHLB") stock 18,688 19,064
Accrued interest receivable 14,314 13,403
Other real estate owned ("OREO"), net 176 0
Goodwill 1,516 1,516
Prepaid expenses and other assets 12,004 14,740
Total assets 2,475,851 2,444,948
Deposits:    
Noninterest-bearing demand 450,058 494,184
Interest-bearing demand 289,451 276,218
Savings 560,711 591,826
Brokered time deposits 197,792 189,644
Time deposits 325,909 235,656
Total deposits 1,823,921 1,787,528
Borrowed funds 374,000 383,000
Subordinated debentures 10,310 10,310
Accrued interest payable 932 691
Accrued expenses and other liabilities 26,229 24,192
Total liabilities 2,235,392 2,205,721
Shareholders' equity:    
Common stock 98,197 97,204
Retained earnings 165,335 156,958
Treasury stock (19,894) (11,675)
Accumulated other comprehensive loss (3,179) (3,260)
Total shareholders' equity 240,459 239,227
Total liabilities and shareholders' equity 2,475,851 2,444,948
SBA loans held for sale    
Loans:    
Total loans 23,314  
Loans:    
Total loans 23,314 27,928
SBA loans held for investment    
Loans:    
Total loans 39,370  
Allowance for credit losses (1,103)  
Loans:    
Total loans   38,468
Allowance for credit losses   (875)
SBA PPP loans    
Loans:    
Total loans 2,545  
Loans:    
Total loans   5,908
Commercial loans    
Loans:    
Total loans 1,205,642  
Allowance for credit losses (15,301)  
Loans:    
Total loans   1,187,543
Allowance for credit losses   (15,254)
Residential mortgage loans    
Loans:    
Total loans 619,140  
Allowance for credit losses (6,135)  
Loans:    
Total loans   605,091
Allowance for credit losses   (5,450)
Consumer loans    
Loans:    
Total loans 76,784  
Allowance for credit losses (1,020)  
Loans:    
Total loans   78,164
Allowance for credit losses   (990)
Residential construction loans    
Loans:    
Total loans 164,124  
Allowance for credit losses $ (2,642)  
Loans:    
Total loans   163,457
Allowance for credit losses   $ (2,627)