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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 13,256 $ 10,673
Interest bearing deposits with other banks 22,532 68,563
Cash and cash equivalents 35,788 79,236
Investment securities held-to-maturity, at amortized cost 411,859 0
Investment securities available-for-sale, at fair value 198,547 631,835
Loans held for investment (LHFI), net of unearned income 578,665 571,847
Less allowance for loan losses, LHFI 5,068 4,513
Net LHFI 573,597 567,334
Premises and equipment, net 27,802 26,661
Other real estate owned, net 1,328 2,475
Accrued interest receivable 4,281 4,171
Cash surrender value of life insurance 25,544 25,679
Deferred tax assets, net 31,492 6,279
Identifiable intangible assets, net 13,468 13,551
Other assets 4,772 4,088
Total assets 1,328,478 1,361,309
Deposits    
Non-interest bearing deposits 308,538 302,707
Interest bearing deposits 826,398 809,185
Total deposits 1,134,936 1,111,892
Securities sold under agreement to repurchase 129,919 112,760
Borrowings on secured line of credit 18,000 18,000
Accrued interest payable 503 328
Deferred compensation payable 9,791 9,543
Other liabilities 2,692 2,886
Total liabilities 1,295,841 1,255,409
Shareholders' equity    
Common stock, $0.20 par value, 22,500,000 shares authorized, Issued and outstanding: 5,603,570 shares - September 30, 2022; 5,595,320 shares - December 31, 2021 1,121 1,120
Additional paid-in capital 18,409 18,293
Accumulated other comprehensive loss, net of tax benefit of $29,355 at September 30, 2022 and $3,921 at December 31, 2021 (88,299) (11,795)
Retained earnings 101,406 98,282
Total shareholders' equity 32,637 105,900
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,328,478 $ 1,361,309