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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Cash and due from banks:    
Noninterest-bearing $ 26,780 $ 37,733
Interest-bearing 9,983 15,085
Total cash and cash equivalents 36,763 52,818
Interest bearing time deposits with other banks 3,820 4,070
Equity securities 1,730 1,938
Available-for-sale securities 419,190 417,601
Loans held for sale 13,520 9,379
Loans (net of allowance for credit losses: 2024 - $21,695 and 2023 - $21,153) 2,309,307 2,227,683
Premises and equipment 21,237 21,384
Accrued interest receivable 10,803 11,043
Goodwill [1] 85,758 85,758
Bank owned life insurance 50,084 49,897
Other intangibles 3,083 3,650
Fair value of derivative instruments 8,993 13,687
Deferred tax asset 14,449 17,339
Other assets 47,731 59,074
TOTAL ASSETS 3,026,468 2,975,321
Deposits:    
Noninterest-bearing 548,218 523,784
Interest-bearing 1,901,931 1,797,697
Total deposits 2,450,149 2,321,481
Borrowed funds 231,732 322,036
Accrued interest payable 5,549 4,298
Fair value of derivative instruments - liability 4,763 7,922
Other liabilities 35,621 39,918
TOTAL LIABILITIES 2,727,814 2,695,655
STOCKHOLDERS' EQUITY:    
Preferred Stock $1.00 par value; authorized 3,000,000 shares at September 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 September 30, 2024 and December 31, 2023; issued 5,207,343 at September 30, 2024 and 5,160,754 at December 31, 2023 5,207 5,161
Additional paid-in capital 144,927 143,233
Retained earnings 183,792 172,975
Accumulated other comprehensive loss (18,916) (24,911)
Treasury stock, at cost: 447,613 shares at September 30, 2024 and 453,760 shares at December 31, 2023 (16,356) (16,792)
TOTAL STOCKHOLDERS' EQUITY 298,654 279,666
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 3,026,468 $ 2,975,321
[1] Excludes fully amortized intangible assets