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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 25,339 $ 20,584
Interest-bearing deposits in banks and federal funds sold 57,983 60,094
Cash and cash equivalents 83,322 80,678
Investment securities available for sale, at fair value (amortized cost $455,294 and $490,206, respectively) 407,382 432,553
Investment securities held to maturity, at amortized cost (fair value $405,576 and $411,264, respectively) 449,031 465,858
Other investments 16,868 13,793
Loans held for sale 27,958 17,743
Loans, net of unearned income 1,883,470 1,737,106
Allowance for credit losses (18,371) (16,128)
Loans, net 1,865,099 1,720,978
Premises and equipment 39,870 41,606
Other real estate owned 448 651
Goodwill 48,923 48,923
Other intangible assets 4,192 5,664
Bank-owned life insurance 56,925 55,504
Deferred income taxes, net 25,405 28,199
Other assets 27,999 24,420
Total assets 3,053,422 2,936,570
Deposits:    
Noninterest-bearing 498,992 569,170
Interest-bearing 2,045,798 1,921,827
Total deposits 2,544,790 2,490,997
Federal Home Loan Bank advances 175,000 125,000
Other borrowed money 63,445 78,352
Other liabilities 15,252 11,953
Total liabilities 2,798,487 2,706,302
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, 2023 and 2022 0 0
Common stock, par value $1; 50,000,000 shares authorized, 17,564,182 and 17,598,123 shares issued and outstanding as of December 31, 2023 and 2022 17,564 17,598
Paid-in capital 168,614 167,537
Retained earnings 124,400 111,573
Accumulated other comprehensive loss, net of tax (55,643) (66,440)
Total stockholders’ equity 254,935 230,268
Total liabilities and stockholders’ equity $ 3,053,422 $ 2,936,570