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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Cash and cash equivalents    
Cash and due from banks $ 41,234 $ 33,524
Interest-bearing deposits in other banks 8,722 9,141
Federal funds sold   144,700
Total cash and cash equivalents 49,956 187,365
Investment securities:    
Available for sale: Amortized cost of $439,189 and $450,454, respectively, net of allowance for credit losses of $0 at June 30, 2024 and December 31, 2023 385,240 398,927
Equity investments carried at fair value 78 98
Held to maturity: Fair value of $68,224 and $71,698, respectively, net of allowance for credit losses of $0 at June 30, 2024 and December 31, 2023 81,598 84,851
Total investment securities 466,916 483,876
Loans 2,869,553 2,849,897
Less: allowance for credit losses 23,123 21,895
Net loans 2,846,430 2,828,002
Loans held for sale   250
Goodwill 63,370 63,370
Premises and equipment, net 58,565 61,276
Bank owned life insurance 49,955 49,397
Deferred tax assets 14,460 13,770
Accrued interest receivable 13,326 12,734
Other assets 53,077 42,249
Total assets 3,616,055 3,742,289
Deposits:    
Noninterest-bearing 620,971 644,683
Interest-bearing 2,443,988 2,634,354
Total deposits 3,064,959 3,279,037
Short-term borrowings 104,250 17,590
Long-term debt 25,000 25,000
Subordinated debt 33,000 33,000
Accrued interest payable 5,507 5,765
Other liabilities 42,532 41,475
Total liabilities 3,275,248 3,401,867
Stockholders' equity:    
Common stock, par value $2.00, authorized 25,000,000 shares, issued and outstanding 7,057,258 shares at June 30, 2024 and 7,040,852 shares at December 31, 2023 14,122 14,093
Capital surplus 122,449 122,130
Retained earnings 249,511 248,550
Accumulated other comprehensive loss (45,275) (44,351)
Total stockholders' equity 340,807 340,422
Total liabilities and stockholders' equity $ 3,616,055 $ 3,742,289