XML 11 R2.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 69,133,000 $ 61,894,000
Interest-earning deposits 138,663,000 34,878,000
Total cash and cash equivalents 207,796,000 96,772,000
Securities available for sale 608,972,000 602,936,000
Federal Home Loan Bank stock 21,513,000 17,721,000
Mortgage loans held for sale 11,942,000 3,565,000
Loans 4,051,843,000 3,916,619,000
Allowance for credit losses (44,721,000) (42,246,000)
Loans, net 4,007,122,000 3,874,373,000
Premises and equipment, net 52,291,000 51,476,000
Bank owned life insurance 81,500,000 80,727,000
Goodwill 49,473,000 49,473,000
Core deposit intangible, net 291,000 583,000
Other assets 96,687,000 94,993,000
Total assets 5,137,587,000 4,872,619,000
LIABILITIES AND SHAREHOLDERS' EQUITY    
Noninterest-bearing 1,371,633,000 1,604,750,000
Interest-bearing 2,385,156,000 2,108,061,000
Total deposits 3,756,789,000 3,712,811,000
Securities sold under agreements to repurchase 219,457,000 194,340,000
Federal Home Loan Bank advances 467,910,000 308,263,000
Subordinated debentures 49,301,000 48,958,000
Subordinated notes 88,800,000 88,628,000
Accrued interest and other liabilities 76,628,000 78,211,000
Total liabilities 4,658,885,000 4,431,211,000
Commitments and contingent liabilities (Note 8)
Shareholders' equity    
Preferred stock, no par value; 1,000,000 shares authorized; none issued 0 0
Common stock, no par value; 40,000,000 shares authorized; 16,018,048 shares issued and outstanding at June 30, 2023 and 15,994,884 shares issued and outstanding at December 31, 2022 292,906,000 290,436,000
Retained earnings 247,313,000 216,313,000
Accumulated other comprehensive gain (loss) (61,517,000) (65,341,000)
Total shareholders’ equity 478,702,000 441,408,000
Total liabilities and shareholders’ equity $ 5,137,587,000 $ 4,872,619,000