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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 45,090 $ 32,207 [1]
Interest-bearing deposits in other banks 58,340 41,133 [1]
Securities available for sale, at fair value 586,407 608,062 [1]
Restricted stock, at cost 9,319 12,651 [1]
Loans held for sale 650 1,061 [1]
Loans, net of deferred fees and costs 2,199,517 2,186,449 [1]
Less allowance for credit losses - loans (24,861) (19,555)
Net loans 2,174,656 2,166,894 [1]
Premises and equipment, net 32,440 32,900 [1]
Assets held-for-sale 1,382 1,382
Other real estate owned, net of valuation allowance 27 27 [1]
Goodwill 85,048 85,048 [1]
Core deposit intangibles, net 3,084 3,367 [1]
Bank owned life insurance 29,853 29,692 [1]
Other assets 49,359 51,478 [1]
Total assets 3,075,655 3,065,902 [1]
Liabilities    
Noninterest-bearing deposits 962,247 1,010,602 [1]
Interest-bearing deposits 1,650,003 1,585,726 [1]
Total deposits 2,612,250 2,596,328 [1]
Customer repurchase agreements 63,220 370 [1]
Other short-term borrowings 25,000 100,531
Junior subordinated debt 28,359 28,334
Other liabilities 17,785 19,165 [1]
Total liabilities 2,746,614 2,744,728 [1]
Shareholders' equity    
Preferred stock, $5 par value, 2,000,000 shares authorized, none outstanding 0 0 [1]
Common stock, $1 par value, 20,000,000 shares authorized, 10,626,066 shares outstanding at March 31, 2023 and 10,608,781 shares outstanding at December 31, 2022 10,536 10,538 [1]
Capital in excess of par value 141,713 141,948 [1]
Retained earnings 225,409 223,664 [1]
Accumulated other comprehensive loss, net (48,617) (54,976) [1]
Total shareholders' equity 329,041 321,174 [1]
Total liabilities and shareholders' equity $ 3,075,655 $ 3,065,902 [1]
[1] Derived from audited consolidated financial statements