XML 19 R3.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 30,558 $ 53,062
Interest-bearing deposits in other banks 238,417 252,364
Total Cash and Cash Equivalents 268,975 305,426
Securities available-for-sale, at fair value (amortized cost of $613,393 and $632,258, respectively) 550,148 570,092
Securities held-to-maturity, at amortized cost (fair value of $108,990 and $119,029, respectively) 131,796 141,236
Equity securities, at fair value 2,937 2,965
Nonmarketable equity securities 2,328 2,239
Loans held for sale 2,547 1,306
Loans held for investment 2,075,013 1,992,858
Allowance for credit losses (21,731) (21,336)
Loans held for investment, net 2,053,282 1,971,522
Premises and equipment, net 59,441 57,088
Accrued interest receivable 10,048 9,945
Bank-owned life insurance 30,380 29,529
Intangible assets 1,546 1,546
Right-of-use assets 2,733 3,629
Other assets 33,433 32,287
Total Assets 3,149,594 3,128,810
LIABILITIES    
Noninterest-bearing deposits 866,496 916,456
Interest-bearing deposits 1,938,610 1,885,432
Total Deposits 2,805,106 2,801,888
Accrued interest payable 7,583 8,000
Lease liabilities 2,864 3,767
Accrued expenses and other liabilities 14,302 11,304
Total Liabilities 2,829,855 2,824,959
COMMITMENTS AND CONTINGENCIES 0 0
STOCKHOLDERS’ EQUITY    
Preferred stock, no par value: Authorized - 1,000,000 shares; None Issued and Outstanding 0 0
Common stock, no par value: Authorized - 30,000,000 shares; Issued and Outstanding - 6,777,238 and 7,091,637 shares, respectively 38,655 55,136
Additional paid-in capital 2,777 2,407
Retained earnings 338,554 306,802
Accumulated other comprehensive income (loss) (60,247) (60,494)
Total Stockholders’ Equity 319,739 303,851
Total Liabilities and Stockholders’ Equity $ 3,149,594 $ 3,128,810