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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 25,068 $ 30,017
Interest-earning deposits in other banks 35,891 23,711
Total cash and cash equivalents 60,959 53,728
Available-for-sale debt securities, at fair value, net of allowance for credit losses of $0, with an amortized cost of $643,525 at March 31, 2024 and $669,646 at December 31, 2023 573,534 597,196
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, without Single Maturity Date 302,512 302,442
Loans, less allowance for credit losses of $14,658 at March 31, 2024 and $14,653 at December 31, 2023 1,271,951 1,276,144
Bank premises and equipment, net 14,102 14,042
Bank-owned life insurance 41,848 41,572
Federal Home Loan Bank stock 7,136 7,136
Goodwill 53,777 53,777
Accrued interest receivable and other assets 83,226 80,740
Total assets 2,415,624 2,433,426
Deposits:    
Non-interest bearing 911,176 951,541
Interest bearing 1,120,073 1,090,071
Total deposits 2,031,249 2,041,612
Short-term Debt 67,000 80,000
Senior debt and subordinated debentures, less debt issuance costs of $375 at March 31, 2024 and $411 at December 31, 2023 69,780 69,744
Accrued interest payable and other liabilities 35,878 35,006
Total liabilities 2,203,907 2,226,362
Shareholders’ equity:    
Preferred stock, no par value; 10,000,000 shares authorized, none issued and outstanding 0 0
Common stock, no par value; 80,000,000 shares authorized; issued and outstanding: 11,831,994 at March 31, 2024 and 11,818,039 at December 31, 2023 62,801 62,550
Retained earnings 212,805 210,548
Accumulated other comprehensive loss, net of tax (63,889) (66,034)
Total shareholders’ equity 211,717 207,064
Total liabilities and shareholders’ equity 2,415,624 2,433,426
Equity Securities, FV-NI, Current $ 6,579 $ 6,649