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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 8,012 $ 6,583
Interest-bearing deposits in other banks 95,347 55,016
Total cash and cash equivalents 103,359 61,599
Securities available-for-sale, at fair value 340,159  
Securities available-for-sale, at fair value   357,576
Securities held-to-maturity, fair value of $81,966 and $81,161 as of March 31, 2023 and December 31, 2022, respectively 98,507 99,415
Securities held-to-maturity, net 98,507 99,415
Restricted securities, at cost 4,529 4,425
Equity securities, at fair value 2,590 2,115
Loans, net of unearned income   1,789,508
Less: Allowance for loan credit losses 0 (20,208)
Loans, net   1,769,300
Loans, net of unearned income 1,771,272  
Less: Allowance for loan credit losses (21,619)  
Loans, net 1,749,653  
Bank premises and equipment, net 1,451 1,219
Accrued interest receivable 5,471 5,531
Bank owned life insurance 21,270 21,170
Right of use assets 4,767 4,611
Other assets 19,551 21,274
Total assets 2,351,307 2,348,235
Deposits:    
Non-interest bearing demand deposits 447,450 476,697
Interest-bearing demand deposits 677,834 691,945
Savings deposits 81,150 95,241
Time deposits 882,208 803,857
Total deposits 2,088,642 2,067,740
Federal funds purchased   25,500
Subordinated debt 24,645 24,624
Accrued interest payable 972 1,035
Lease liabilities 5,039 4,858
Other liabilities 11,186 11,678
Total liabilities 2,130,484 2,135,435
Commitments and contingencies
Shareholders' Equity    
Preferred stock, par value $0.01 per share; authorized 1,000,000 shares; none issued
Additional paid-in capital 95,235 94,726
Retained earnings 150,642 146,630
Accumulated other comprehensive loss (25,195) (28,697)
Total shareholders' equity 220,823 212,800
Total liabilities and shareholders' equity 2,351,307 2,348,235
Common stock, voting    
Shareholders' Equity    
Common stock $ 141 $ 141