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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 27,636 $ 31,942
Interest-bearing deposits in other banks 22,100 3,488
Securities available for sale 274,680 282,053
Securities to be held to maturity (net of ACL), fair value of $314,993,000 at December 31, 2024, and $338,570,000 at December 31, 2023 369,704 385,235
Restricted equity securities, at cost 7,203 3,385
Loans 2,340,940 2,129,454
Less allowance for credit losses 24,871 24,030
Net loans 2,316,069 2,105,424
Accrued interest receivable 13,976 11,894
Premises and equipment, net 27,855 28,684
Other real estate owned 173 0
Goodwill 30,646 30,646
Other assets 66,968 63,947
Total assets 3,157,010 2,946,698
Liabilities    
Demand deposits 292,255 289,104
NOW deposits 676,107 634,543
Money market deposits 376,627 305,931
Savings deposits 265,451 299,837
Certificates of deposit 1,114,811 1,070,247
Total deposits 2,725,251 2,599,662
Borrowed funds – short term 51,278 69,652
Borrowed funds – long term 95,000 0
Other liabilities 32,988 34,305
Total liabilities 2,904,517 2,703,619
Commitments and contingent liabilities
Shareholders' equity    
Common stock, one cent par value per share 112 111
Additional paid-in capital 71,832 70,071
Retained earnings 222,823 211,925
Accumulated other comprehensive income (loss)    
Net unrealized loss on securities available for sale (42,671) (39,575)
Net unrealized loss on securities transferred from available for sale to held to maturity (47) (56)
Net unrealized gain on cash flow hedging derivative instruments 157 300
Net unrealized gain on postretirement costs 287 303
Total shareholders' equity 252,493 243,079
Total liabilities and shareholders' equity $ 3,157,010 $ 2,946,698
Common stock    
Number of shares authorized (in shares) 18,000,000 18,000,000
Number of shares issued (in shares) 11,155,528 11,098,057
Number of shares outstanding (in shares) 11,155,528 11,098,057
Book value per common share (usd per share) $ 22.63 $ 21.90
Tangible book value per common share (usd per share) $ 19.87 $ 19.12