XML 12 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 100,652 $ 55,083
Time deposits in other financial institutions 350 350
Cash and cash equivalents 101,002 55,433
Equity securities, at fair value (Note 2) 7,502 7,505
Securities available for sale, at fair value (Note 2) 491,670 514,598
Securities held to maturity, at amortized cost net of credit losses (Note 2) 392,699 407,959
Federal Home Loan Bank stock 4,449 4,449
Federal Reserve Bank stock 5,066 5,065
Loans held for sale 5,946 4,710
Loans to other financial institutions (Note 3) 36,569 19,400
Core loans (Note 3) 1,400,958 1,391,253
Total loans held for investment (Note 3) 1,437,527 1,410,653
Allowance for credit losses (Note 3) (16,152) (15,685)
Loans, net 1,421,375 1,394,968
Premises and equipment, net 27,370 29,750
Other real estate owned, net 272 122
Cash value of life insurance policies 45,384 45,074
Goodwill 59,946 59,946
Core deposit intangible 1,448 1,854
Other assets 58,938 45,273
Total assets 2,623,067 2,576,706
Liabilities    
Deposits - noninterest-bearing 517,137 547,625
Deposits - interest-bearing 1,582,365 1,550,985
Brokered deposits 27,177 23,445
Total deposits 2,126,679 2,122,055
Borrowings 210,000 200,000
Subordinated debentures 35,630 35,507
Other liabilities 36,239 23,510
Total liabilities 2,408,548 2,381,072
Shareholders' Equity    
Preferred stock; shares authorized: 100,000; shares outstanding: none 0 0
Common stock and paid-in capital, no par value; shares authorized: 15,000,000; shares outstanding: 7,573,618 at June 30, 2024 and 7,548,217 at December 31, 2023 173,984 173,513
Retained earnings 81,836 73,699
Accumulated other comprehensive loss, net (41,301) (51,578)
Total shareholders' equity 214,519 195,634
Total liabilities and shareholders' equity $ 2,623,067 $ 2,576,706