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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 41,141 $ 28,847
Interest-bearing deposits with banks 13,005 3,019
Cash and cash equivalents 54,146 31,866
Securities available for sale, at fair value (net of allowance for credit losses of $0) 380,499 418,927
Loans receivable, net of allowance for credit losses of $16,086 and $16,999) 1,594,983 1,456,946
Regulatory stock, at cost 8,843 5,418
Bank premises and equipment, net 17,254 17,924
Bank owned life insurance 46,197 43,364
Accrued interest receivable 7,759 6,917
Foreclosed real estate owned 290 346
Deferred tax assets, net 25,610 23,549
Goodwill 29,266 29,266
Other intangibles 240 306
Other assets 14,911 12,241
TOTAL ASSETS 2,179,998 2,047,070
Deposits:    
Non-interest bearing demand 430,242 434,529
Interest-bearing 1,316,582 1,293,198
Total deposits 1,746,824 1,727,727
Short-term borrowings 103,881 93,215
Other borrowings 137,447 40,000
Accrued interest payable 8,605 2,653
Other liabilities 18,539 16,390
TOTAL LIABILITIES 2,015,296 1,879,985
STOCKHOLDERS' EQUITY    
Preferred stock, no par value per share, authorized: 5,000,000 shares; issued: none
Common stock, $0.10 par value per share, authorized: 20,000,000 shares, issued: 2023: 8,291,401 shares, 2022: 8,291,401 shares 829 829
Surplus 97,449 96,897
Retained earnings 137,363 130,020
Treasury stock at cost: 2023: 222,051 shares; 2022: 124,650 shares (5,957) (3,308)
Accumulated other comprehensive loss (64,982) (57,353)
TOTAL STOCKHOLDERS’ EQUITY 164,702 167,085
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 2,179,998 $ 2,047,070