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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Cash and cash equivalents:    
Cash and due from banks $ 16,530 $ 21,770
Federal funds sold 139,544 86,882
Interest-bearing deposits with banks 4,532 58,557
Total cash and cash equivalents 160,606 167,209
Investment securities:    
Investment securities available for sale 91,521 120,281
Other investments 5,449 4,021
Total investment securities 96,970 124,302
Mortgage loans held for sale 9,243 13,556
Loans 3,030,027 2,489,877
Less allowance for credit losses (36,317) (30,408)
Loans, net 2,993,710 2,459,469
Bank owned life insurance 50,778 49,833
Property and equipment, net 99,530 92,370
Deferred income taxes, net 18,425 8,397
Accrued interest receivable 7,949 7,624
Other assets 2,458 2,788
Total assets 3,439,669 2,925,548
LIABILITIES    
Deposits 3,001,452 2,563,826
FHLB advances and related debt 60,000
Subordinated debentures 36,187 36,106
Other liabilities 54,245 47,715
Total liabilities 3,151,884 2,647,647
SHAREHOLDERS’ EQUITY    
Preferred stock, par value $.01 per share, 10,000,000 shares authorized
Common stock, par value $.01 per share, 10,000,000 shares authorized, 7,997,344 and 7,925,819 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively 80 79
Nonvested restricted stock (3,348) (1,435)
Additional paid-in capital 118,433 114,226
Accumulated other comprehensive loss (14,009) (740)
Retained earnings 186,629 165,771
Total shareholders’ equity 287,785 277,901
Total liabilities and shareholders’ equity $ 3,439,669 $ 2,925,548