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Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Sep. 30, 2024
Assets      
Cash and cash equivalents $ 31,606,000 $ 27,636,000 $ 35,136,000
Interest bearing deposits in other banks 7,225,000 22,100,000 17,199,000
Securities available for sale 273,493,000 274,680,000 285,021,000
Securities held-to-maturity (net of ACL), fair value of $316,574,000 at September 30, 2025, $314,993,000 at December 31, 2024 and $333,575,000 at September 30, 2024 362,552,000 369,704,000 377,635,000
Restricted equity securities, at cost 6,916,000 7,203,000 6,420,000
Loans held for sale 333,000 0 0
Loans 2,398,510,000 2,340,940,000 2,307,253,000
Less allowance for credit losses 25,078,000 24,871,000 23,999,000
Net loans 2,373,432,000 2,316,069,000 2,283,254,000
Accrued interest receivable 16,256,000 13,976,000 14,600,000
Premises and equipment, net 27,919,000 27,855,000 27,449,000
Other real estate owned 0 173,000 173,000
Goodwill 30,646,000 30,646,000 30,646,000
Other assets 68,100,000 66,968,000 65,030,000
Total assets 3,198,478,000 3,157,010,000 3,142,563,000
Liabilities      
Demand deposits 313,729,000 292,255,000 312,956,000
NOW deposits 638,090,000 676,107,000 651,242,000
Money market deposits 458,398,000 376,627,000 344,102,000
Savings deposits 255,806,000 265,451,000 269,092,000
Certificates of deposit 1,071,527,000 1,114,811,000 1,125,326,000
Total deposits 2,737,550,000 2,725,251,000 2,702,718,000
Borrowed funds – short term 57,468,000 51,278,000 56,027,000
Borrowed funds – long term 95,500,000 95,000,000 95,000,000
Other liabilities 33,394,000 32,988,000 32,035,000
Total liabilities 2,923,912,000 2,904,517,000 2,885,780,000
Shareholders' equity      
Common stock, one cent par value per share 112,000 112,000 111,000
Additional paid-in capital 73,276,000 71,832,000 71,389,000
Retained earnings 234,435,000 222,823,000 219,559,000
Accumulated other comprehensive income (loss)      
Net unrealized loss on securities available-for-sale (33,523,000) (42,671,000) (34,394,000)
Net unrealized loss on securities transferred from available-for-sale to held-to-maturity (40,000) (47,000) (49,000)
Net unrealized gain (loss) on cash flow hedging derivative instruments 19,000 157,000 (136,000)
Net unrealized gain on postretirement costs 287,000 287,000 303,000
Total shareholders' equity 274,566,000 252,493,000 256,783,000
Total liabilities & shareholders' equity $ 3,198,478,000 $ 3,157,010,000 $ 3,142,563,000
Common Stock      
Number of shares authorized (in shares) 18,000,000 18,000,000 18,000,000
Number of shares issued (in shares) 11,214,455 11,155,528 11,148,066
Number of shares outstanding (in shares) 11,214,455 11,155,528 11,148,066
Book value per common share (usd per share) $ 24.48 $ 22.63 $ 23.03
Tangible book value per common share (usd per share) $ 21.74 $ 19.87 $ 20.27