XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 22,552 $ 19,699
Interest-bearing deposits 128,682 95,094
Cash and cash equivalents 151,234 114,793
Securities:    
Debt securities available for sale 92,966  
Debt securities available for sale   95,393
Debt securities held to maturity 35,890  
Debt securities held to maturity   35,760
Equity securities with readily determinable fair values 8,205 9,793
Total securities 137,061 140,946
Loans:    
Total loans 2,167,367  
Allowance for credit losses (25,988)  
Net loans 2,141,379  
Loans:    
Total loans   2,106,559
Allowance for credit losses   (25,196)
Net loans   2,081,363
Premises and equipment, net 19,923 20,002
Bank owned life insurance ("BOLI") 26,940 26,776
Deferred tax assets, net 12,891 12,345
Federal Home Loan Bank ("FHLB") stock 21,430 19,064
Accrued interest receivable 14,858 13,403
Goodwill 1,516 1,516
Prepaid expenses and other assets 25,069 14,740
Total assets 2,552,301 2,444,948
Deposits:    
Noninterest-bearing demand 439,220 494,184
Interest-bearing demand 300,710 276,218
Savings 546,116 591,826
Brokered time deposits 192,043 189,644
Time deposits 371,439 235,656
Total deposits 1,849,528 1,787,528
Borrowed funds 423,000 383,000
Subordinated debentures 10,310 10,310
Accrued interest payable 715 691
Accrued expenses and other liabilities 24,675 24,192
Total liabilities 2,308,228 2,205,721
Shareholders' equity:    
Common stock 98,910 97,204
Retained earnings 173,823 156,958
Treasury stock (25,037) (11,675)
Accumulated other comprehensive loss (3,623) (3,260)
Total shareholders' equity 244,073 239,227
Total liabilities and shareholders' equity 2,552,301 2,444,948
SBA loans held for sale    
Loans:    
Total loans 20,074  
Loans:    
Total loans   27,928
SBA loans held for investment    
Loans:    
Total loans 39,878  
Allowance for credit losses (1,556)  
Loans:    
Total loans   38,468
Allowance for credit losses   (875)
SBA PPP loans    
Loans:    
Total loans 2,555  
Loans:    
Total loans   5,908
Commercial loans    
Loans:    
Total loans 1,256,032  
Allowance for credit losses (15,516)  
Loans:    
Total loans   1,187,543
Allowance for credit losses   (15,254)
Residential mortgage loans    
Loans:    
Total loans 633,414  
Allowance for credit losses (6,437)  
Loans:    
Total loans   605,091
Allowance for credit losses   (5,450)
Consumer loans    
Loans:    
Total loans 75,990  
Allowance for credit losses (845)  
Loans:    
Total loans   78,164
Allowance for credit losses   (990)
Residential construction loans    
Loans:    
Total loans 139,424  
Allowance for credit losses $ (1,634)  
Loans:    
Total loans   163,457
Allowance for credit losses   $ (2,627)