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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Cash and due from banks:    
Noninterest-bearing $ 22,023 $ 37,733
Interest-bearing 16,410 15,085
Total cash and cash equivalents 38,433 52,818
Interest bearing time deposits with other banks 3,820 4,070
Equity securities 1,570 1,938
Available-for-sale securities 402,661 417,601
Loans held for sale 14,227 9,379
Loans (net of allowance for credit losses: 2024 $22,797 and 2023, $21,153) 2,232,919 2,227,683
Premises and equipment 20,899 21,384
Accrued interest receivable 10,782 11,043
Goodwill [1] 85,758 85,758
Bank owned life insurance 49,746 49,897
Other intangibles 3,244 3,650
Fair value of derivative instruments 13,111 13,687
Deferred tax asset 17,185 17,339
Other assets 53,176 59,074
TOTAL ASSETS 2,947,531 2,975,321
Deposits:    
Noninterest-bearing 501,991 523,784
Interest-bearing 1,771,104 1,797,697
Total deposits 2,273,095 2,321,481
Borrowed funds 334,829 322,036
Accrued interest payable 5,482 4,298
Fair value of derivative instruments - liability 7,319 7,922
Other liabilities 40,336 39,918
TOTAL LIABILITIES 2,661,061 2,695,655
STOCKHOLDERS' EQUITY:    
Preferred Stock $1.00 par value; authorized 3,000,000 shares at June 30, 2024 and December 31, 2023; none issued in 2024 or 2023 0 0
Common stock $1.00 par value; authorized 25,000,000 shares at June 30, 2024 and December 31, 2023; issued 5,207,343 at June 30, 2024 and 5,160,754 at December 31, 2023 5,207 5,161
Additional paid-in capital 144,985 143,233
Retained earnings 178,588 172,975
Accumulated other comprehensive loss (25,932) (24,911)
Treasury stock, at cost: 447,857 shares at June 30, 2024 and 453,760 shares at December 31, 2023 (16,378) (16,792)
TOTAL STOCKHOLDERS' EQUITY 286,470 279,666
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,947,531 $ 2,975,321
[1] Excludes fully amortized intangible assets