XML 11 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 $ 35,423 $ 37,661
Interest-bearing deposits with other banks 10,404 17,838
Cash and cash equivalents 45,827 55,499
Investment securities:    
Available-for-sale, at fair value (amortized cost of 89,846 (2023) and $95,999 (2022)) 78,069 83,587
Held to maturity, (net of allowance for credit losses of $163 (2023)) (fair value of $473,296 (2023) and $494,627 (2022)) 536,970 559,455
Equity securities, at fair value 1,245 1,233
Restricted securities, at cost 21,208 11,169
Loans held for sale, at fair value 6,845 4,248
Loans held for investment ($9,745 (2023) and $8,437 (2022), at fair value) 2,753,223 14,922
Less: allowance for credit losses (29,014) (16,643)
Loans, net 2,724,209  
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 51,036 51,488
Goodwill 63,266 63,266
Other intangible assets, net 4,671 5,547
Other real estate owned, net 179 197
Mortgage servicing rights, at fair value 5,466 5,275
Right-of-use assets 9,077 9,629
Cash surrender value on life insurance 60,150 59,218
Other assets 33,413 28,001
TOTAL ASSETS 3,641,631 3,477,276
Deposits:    
Noninterest-bearing 778,963 862,015
Interest-bearing 2,158,563 2,147,769
Total deposits 2,937,526 3,009,784
Advances from FHLB - short-term 276,000 40,000
Subordinated debt 43,227 43,072
Total borrowings 319,227 83,072
Lease liabilities 9,392 9,908
Other liabilities 12,346 10,227
TOTAL LIABILITIES 3,278,491 3,112,991
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY    
Common stock, par value $.01 per share; shares authorized - 35,000,000; shares issued and outstanding - 19,907,290 (2023) and 19,864,956 (2022) 199 199
Additional paid in capital 202,008 201,494
Retained earnings 169,494 171,613
Accumulated other comprehensive loss (8,561) (9,021)
TOTAL STOCKHOLDERS' EQUITY 363,140 364,285
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 3,641,631 $ 3,477,276