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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 18,788 $ 21,770
Federal funds sold 101,277 86,882
Interest-bearing deposits with banks 50,809 58,557
Total cash and cash equivalents 170,874 167,209
Investment securities:    
Investment securities available for sale 93,347 120,281
Other investments 10,833 4,021
Total investment securities 104,180 124,302
Mortgage loans held for sale 3,917 13,556
Loans 3,273,363 2,489,877
Less allowance for credit losses (38,639) (30,408)
Loans, net 3,234,724 2,459,469
Bank owned life insurance 51,122 49,833
Property and equipment, net 99,183 92,370
Deferred income taxes, net 12,522 8,397
Other assets 15,459 10,412
Total assets 3,691,981 2,925,548
LIABILITIES    
Deposits 3,133,864 2,563,826
Federal Home Loan Bank advances and other borrowings 175,000
Subordinated debentures 36,214 36,106
Other liabilities 52,391 47,715
Total liabilities 3,397,469 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, 8,011,045 and 7,925,819 shares issued and outstanding at December 31, 2022 and 2021, respectively 80 79
Nonvested restricted stock (3,306) (1,435)
Additional paid-in capital 119,027 114,226
Accumulated other comprehensive loss (13,410) (740)
Retained earnings 192,121 165,771
Total shareholders’ equity 294,512 277,901
Total liabilities and shareholders’ equity $ 3,691,981 $ 2,925,548