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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 30,056 $ 38,601
Interest-bearing balances due from other banks 10,010 57,940
Federal funds sold 193 500
Cash and cash equivalents 40,259 97,041
Available for sale securities at fair value (amortized cost of $467,316 and $356,639, respectively) 405,167 355,509
Held to maturity securities at amortized cost (estimated fair value of $7,922 and $10,727, respectively) 8,305 10,255
Loans held for sale 0 620
Loans, net of allowance for loan losses of $24,364 and $20,859, respectively 2,080,403 1,851,153
Equity securities 27,254 16,803
Bank premises and equipment, net of accumulated depreciation of $22,025 and $19,149, respectively 49,587 58,080
Other real estate owned, net 682 2,653
Accrued interest receivable 12,749 11,355
Deferred tax asset 16,438 2,239
Goodwill and other intangible assets, net 43,147 44,036
Bank owned life insurance 57,379 51,074
Other assets 12,437 12,385
Total assets 2,753,807 2,513,203
Deposits:    
Noninterest-bearing 580,741 585,465
Interest-bearing 1,501,624 1,534,801
Total deposits 2,082,365 2,120,266
Advances from Federal Home Loan Bank 387,000 78,500
Repurchase agreements 0 5,783
Subordinated debt, net of unamortized issuance costs 44,225 42,989
Junior subordinated debt 8,515 8,384
Accrued taxes and other liabilities 15,920 14,683
Total liabilities 2,538,025 2,270,605
STOCKHOLDERS’ EQUITY    
Preferred stock, no par value per share; 5,000,000 shares authorized 0 0
Common stock, $1.00 par value per share; 40,000,000 shares authorized; 9,901,847 and 10,343,494 shares issued and outstanding, respectively 9,902 10,343
Surplus 146,587 154,932
Retained earnings 108,206 76,160
Accumulated other comprehensive (loss) income (48,913) 1,163
Total stockholders’ equity 215,782 242,598
Total liabilities and stockholders’ equity $ 2,753,807 $ 2,513,203