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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 19,328 $ 20,908
Short-term investments 330,400 351,560
Cash and cash equivalents 349,728 372,468
Securities available-for-sale, at fair value 528,021 627,117
Loans 1,081,989 1,014,318
Less allowance for credit losses 13,395 13,089
Loans, net 1,068,594 1,001,229
Payments in advance of funding 208,530 198,861
Premises and equipment, net 34,174 30,093
Investments in bank-owned life insurance 50,325 49,159
Goodwill 21,352 17,309
Other intangible assets, net 5,007 3,345
Accounts and drafts receivable from customers 55,906 110,651
Other assets 73,444 68,390
Total assets 2,395,081 2,478,622
Deposits    
Noninterest-bearing 251,230 524,359
Interest-bearing 716,686 616,455
Total deposits 967,916 1,140,814
Accounts and drafts payable 1,149,276 1,071,369
Other liabilities $ 48,859 36,630
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration] Operating lease, liability  
Total liabilities $ 2,166,051 2,248,813
Shareholders’ Equity:    
Preferred stock, par value $0.50 per share; 2,000,000 shares authorized and no shares issued 0 0
Common stock, par value $0.50 per share; 40,000,000 shares authorized; 15,505,772 shares issued at December 31, 2024 and 2023; 13,504,104 and 13,582,375 shares outstanding at December 31, 2024 and 2023, respectively. 7,753 7,753
Additional paid-in capital 205,593 208,007
Retained earnings 148,487 145,782
Common shares in treasury, at cost (2,001,668 shares at December 31, 2024 and 1,923,397 shares at December 31, 2023, respectively) (87,615) (84,264)
Accumulated other comprehensive loss (45,188) (47,469)
Total shareholders’ equity 229,030 229,809
Total liabilities and shareholders’ equity $ 2,395,081 $ 2,478,622