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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Cash and cash equivalents:    
Cash and due from banks $ 21,567 $ 28,020
Federal funds sold 164,432 119,349
Interest-bearing deposits with banks 8,828 8,801
Total cash and cash equivalents 194,827 156,170
Investment securities:    
Investment securities available for sale 121,353 134,702
Other investments 18,653 19,939
Total investment securities 140,006 154,641
Mortgage loans held for sale 14,759 7,194
Loans 3,622,521 3,602,627
Less allowance for credit losses (40,157) (40,682)
Loans, net 3,582,364 3,561,945
Bank owned life insurance 53,263 52,501
Property and equipment, net 91,533 94,301
Deferred income taxes, net 12,339 12,200
Other assets 20,758 16,837
Total assets 4,109,849 4,055,789
LIABILITIES    
Deposits 3,459,869 3,379,564
FHLB advances and related debt 240,000 275,000
Subordinated debentures 36,376 36,322
Other liabilities 54,856 52,436
Total liabilities 3,791,101 3,743,322
SHAREHOLDERS’ EQUITY    
Preferred stock, par value $.01 per share, 10,000,000 shares authorized
Common stock, par value $.01 per share, 20,000,000 shares authorized, 8,155,097 shares issued and outstanding at June 30, 2024; 10,000,000 shares authorized, 8,088,186 shares issued and outstanding at December 31, 2023 82 81
Nonvested restricted stock (4,710) (3,596)
Additional paid-in capital 124,174 121,777
Accumulated other comprehensive loss (11,866) (11,342)
Retained earnings 211,068 205,547
Total shareholders’ equity 318,748 312,467
Total liabilities and shareholders’ equity $ 4,109,849 $ 4,055,789