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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Cash and cash equivalents    
Cash and due from banks $ 32,009 $ 33,524
Interest-bearing deposits in other banks 8,259 9,141
Federal funds sold 69,700 144,700
Total cash and cash equivalents 109,968 187,365
Investment securities:    
Available for sale: Amortized cost of $448,381 and $450,454, respectively, net of allowance for credit losses of $0 at March 31, 2024 and December 31, 2023 394,413 398,927
Equity investments carried at fair value 91 98
Held to maturity: Fair value of $69,989 and $71,698, respectively, net of allowance for credit losses of $0 at March 31, 2024 and December 31, 2023 83,306 84,851
Total investment securities 477,810 483,876
Loans 2,858,412 2,849,897
Less: allowance for credit losses 22,597 21,895
Net loans 2,835,815 2,828,002
Loans held for sale 300 250
Goodwill 63,370 63,370
Premises and equipment, net 59,097 61,276
Bank owned life insurance 49,673 49,397
Deferred tax assets 14,241 13,770
Accrued interest receivable 13,565 12,734
Other assets 45,299 42,249
Total assets 3,669,138 3,742,289
Deposits:    
Noninterest-bearing 623,408 644,683
Interest-bearing 2,580,530 2,634,354
Total deposits 3,203,938 3,279,037
Short-term borrowings 20,260 17,590
Long-term debt 25,000 25,000
Subordinated debt 33,000 33,000
Accrued interest payable 5,327 5,765
Other liabilities 41,621 41,475
Total liabilities 3,329,146 3,401,867
Stockholders' equity:    
Common stock, par value $2.00, authorized 25,000,000 shares, issued and outstanding 7,057,258 shares at March 31, 2024 and 7,040,852 shares at December 31, 2023 14,122 14,093
Capital surplus 122,162 122,130
Retained earnings 249,123 248,550
Accumulated other comprehensive loss (45,415) (44,351)
Total stockholders' equity 339,992 340,422
Total liabilities and stockholders' equity $ 3,669,138 $ 3,742,289