Consolidated Statement of Condition
(unaudited, in thousands)
Assets
| Asset Type | June 30, 2023 |
December 31, 2022 |
|---|---|---|
| Cash and Due from Banks | $ 12,022 | $ 9,698 |
| Interest-Bearing Balances Due | ||
| From Depository Institutions | 266 | 797 |
| Investment Securities | 529,284 | 544,645 |
| Loans | 704,905 | 689,456 |
| Less: Allowance for Loan Losses | (18,481) | (14,974) |
| Net Loans | 686,424 | 674,482 |
| Premises and Equipment | 13,320 | 11,928 |
| Other Assets | 86,164 | 89,232 |
| TOTAL ASSETS | $1,327,480 | $ 1,330,782 |
Liabilities and Shareholders’ Equity
| Liabilities and Shareholder's Equity Type |
June 30,
2023 |
December 31, 2022 |
|---|---|---|
| Non-Interest Bearing Deposits | $ 367,232 | $ 382,837 |
| Interest-Bearing Deposits | 725,150 | 760,311 |
| Total Deposits | 1,092,382 | 1,143,148 |
| Other Borrowed Funds | 85,500 | 44,600 |
| Other Liabilities | 5,279 | 5,362 |
| TOTAL LIABILITIES | 1,183,161 | 1,193,110 |
| Common Stock | 2,967 | 2,967 |
| Additional Paid in Capital | 4,524 | 4,524 |
| Retained Earnings, Net | 136,828 | 130,181 |
| TOTAL SHAREHOLDERS' EQUITY | 144,319 | 137,672 |
| TOTAL LIABILITIES AND EQUITY | $ 1,327,480 | $ 1,330,782 |