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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 23,863 $ 37,661
Interest-bearing deposits with other banks 13,846 17,838
Cash and cash equivalents 37,709 55,499
Investment securities:    
Available-for-sale, at fair value (amortized cost of $92,754 (2023) and $95,999 (2022)) 81,525 83,587
Held to maturity, net of allowance for credit losses of $163 (2023) (fair value of $491,116 (2023) and $494,627 (2022)) 549,096 559,455
Equity securities, at fair value 1,258 1,233
Restricted securities, at cost 15,067 11,169
Loans held for sale, at fair value 3,514 4,248
Loans held for investment ($9,526 (2023) and $8,437 (2022), at fair value) 2,668,681 14,922
Less: allowance for credit losses (28,464) (16,643)
Loans, net 2,640,217  
Loans held for investment ($9,526 (2023) and $8,437 (2022), at fair value)   2,556,107
Less: allowance for credit losses   (16,643)
Loans, net   2,539,464
Premises and equipment, net 50,516 51,488
Goodwill 63,266 63,266
Other intangible assets, net 5,106 5,547
Other real estate owned, net 179 197
Mortgage servicing rights, at fair value 5,310 5,275
Right-of-use assets 9,344 9,629
Cash surrender value on life insurance 59,711 59,218
Other assets 31,876 28,001
TOTAL ASSETS 3,553,694 3,477,276
Deposits:    
Noninterest-bearing 808,679 862,015
Interest-bearing 2,185,883 2,147,769
Total deposits 2,994,562 3,009,784
Advances from FHLB - short-term 131,500 40,000
Subordinated debt 43,150 43,072
Total borrowings 174,650 83,072
Lease liabilities 9,642 9,908
Other liabilities 13,202 10,227
TOTAL LIABILITIES 3,192,056 3,112,991
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY    
Common stock, par value $.01 per share; shares authorized - 35,000,000; shares issued and outstanding - 19,898,388 (2023) and 19,864,956 (2022) 199 199
Additional paid in capital 201,736 201,494
Retained earnings 167,864 171,613
Accumulated other comprehensive loss (8,161) (9,021)
TOTAL STOCKHOLDERS' EQUITY 361,638 364,285
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 3,553,694 $ 3,477,276