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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 17,323 $ 20,908
Short-term investments 175,480 351,560
Cash and cash equivalents 192,803 372,468
Securities available-for-sale, at fair value 621,929 627,117
Loans 1,036,997 1,014,318
Less: Allowance for credit losses 13,299 13,089
Loans, net 1,023,698 1,001,229
Payments in advance of funding 221,552 198,861
Premises and equipment, net 32,613 30,093
Investment in bank-owned life insurance 49,496 49,159
Goodwill 17,309 17,309
Other intangible assets, net 3,154 3,345
Receivables from Customers 32,856 110,651
Other assets 98,169 68,390
Total assets 2,293,579 2,478,622
Deposits:    
Noninterest-bearing 412,879 524,359
Interest-bearing 666,213 616,455
Total deposits 1,079,092 1,140,814
Accounts and drafts payable 944,793 1,071,369
Other liabilities 40,207 36,630
Total liabilities 2,064,092 2,248,813
Shareholders’ Equity:    
Preferred stock, par value $.50 per share; 2,000,000 shares authorized and no shares issued 0 0
Common Stock, Value, Outstanding 7,753 7,753
Additional paid-in capital 204,361 208,007
Retained earnings 148,845 145,782
Common shares in treasury, at cost (1,877,924 shares at March 31, 2024 and 1,923,397 shares at December 31, 2023) 82,316 84,264
Accumulated other comprehensive loss (49,156) (47,469)
Total shareholders’ equity 229,487 229,809
Total liabilities and shareholders’ equity $ 2,293,579 $ 2,478,622