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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 20,584 $ 18,975
Fed Funds sold and interest-bearing deposits in banks 60,094 178,257
Cash and cash equivalents 80,678 197,232
Investment securities available for sale, at fair value 432,553 938,164
Investment securities held to maturity, at amortized cost (fair value $411,264) 465,858  
Other investments 13,793 14,012
Loans held for sale 17,743 38,150
Loans 1,737,106 1,337,977
Allowance for loan losses (16,128) (12,910)
Net loans 1,720,978 1,325,067
Premises and equipment 41,606 43,033
Other real estate owned 651 281
Goodwill 48,923 52,906
Other intangible assets 5,664 7,389
Bank-owned life insurance 55,504 55,159
Deferred income taxes, net 28,199 3,644
Other assets 24,420 16,678
Total assets 2,936,570 2,691,715
Liabilities and stockholders’ equity    
Noninterest-bearing 569,170 552,576
Interest-bearing 1,921,827 1,822,032
Total deposits 2,490,997 2,374,608
Federal Home Loan Bank advances 125,000 51,656
Other borrowed money 78,352 36,792
Other liabilities 11,953 10,952
Total liabilities 2,706,302 2,474,008
Commitments and Contingencies (Note 14)
Stockholders’ equity    
Preferred stock, stated value $1,000; 10,000,000 shares authorized, 0 shares issued and outstanding as of December 31, 2022 and 2021 0 0
Common stock, par value $1; 50,000,000 shares authorized, 17,598,123 and 13,673,898 shares issued and outstanding as of December 31, 2022 and 2021 17,598 13,674
Paid-in capital 167,537 111,021
Retained earnings 111,573 99,189
Accumulated other comprehensive loss, net of tax (66,440) (6,177)
Total stockholders’ equity 230,268 217,707
Total liabilities and stockholders’ equity $ 2,936,570 $ 2,691,715