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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Cash and cash equivalents:    
Cash and due from banks $ 22,553 $ 28,020
Federal funds sold 128,452 119,349
Interest-bearing deposits with banks 11,858 8,801
Total cash and cash equivalents 162,863 156,170
Investment securities:    
Investment securities available for sale 132,127 134,702
Other investments 19,490 19,939
Total investment securities 151,617 154,641
Mortgage loans held for sale 4,565 7,194
Loans 3,631,767 3,602,627
Less allowance for credit losses (39,914) (40,682)
Loans, net 3,591,853 3,561,945
Bank owned life insurance 54,070 52,501
Property and equipment, net 88,794 94,301
Deferred income taxes, net 13,467 12,200
Other assets 20,364 16,837
Total assets 4,087,593 4,055,789
LIABILITIES    
Deposits 3,435,765 3,379,564
Federal Home Loan Bank advances and other borrowings 240,000 275,000
Subordinated debentures 24,903 36,322
Other liabilities 56,481 52,436
Total liabilities 3,757,149 3,743,322
SHAREHOLDERS’ EQUITY    
Preferred stock, par value $.01 per share, 10,000,000 shares authorized
Common stock, par value $.01 per share, 20,000,000 shares authorized, 8,164,872 shares issued and outstanding at December 31, 2024; 10,000,000 shares authorized, 8,088,186 shares issued and outstanding at December 31, 2023 82 81
Nonvested restricted stock (3,884) (3,596)
Additional paid-in capital 124,641 121,777
Accumulated other comprehensive loss (11,472) (11,342)
Retained earnings 221,077 205,547
Total shareholders’ equity 330,444 312,467
Total liabilities and shareholders’ equity $ 4,087,593 $ 4,055,789