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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Cash and cash equivalents:    
Cash and due from banks $ 17,395 $ 18,788
Federal funds sold 127,714 101,277
Interest-bearing deposits with banks 7,283 50,809
Total cash and cash equivalents 152,392 170,874
Investment securities:    
Investment securities available for sale 144,035 93,347
Other investments 19,600 10,833
Total investment securities 163,635 104,180
Mortgage loans held for sale 7,117 3,917
Loans 3,553,632 3,273,363
Less allowance for credit losses (41,131) (38,639)
Loans, net 3,512,501 3,234,724
Bank owned life insurance 52,140 51,122
Property and equipment, net 95,743 99,183
Deferred income taxes, net 13,078 12,522
Other assets 23,351 15,459
Total assets 4,019,957 3,691,981
LIABILITIES    
Deposits 3,347,771 3,133,864
FHLB advances and related debt 275,000 175,000
Subordinated debentures 36,295 36,214
Other liabilities 56,993 52,391
Total liabilities 3,716,059 3,397,469
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, 8,088,638 and 8,011,045 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively 81 80
Nonvested restricted stock (4,065) (3,306)
Additional paid-in capital 121,757 119,027
Accumulated other comprehensive loss (15,255) (13,410)
Retained earnings 201,380 192,121
Total shareholders’ equity 303,898 294,512
Total liabilities and shareholders’ equity $ 4,019,957 $ 3,691,981