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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 25,339 $ 27,908
Interest-bearing bank balances 86,172 66,787
Investment securities available-for-sale 269,918 282,226
Investment securities held-to-maturity, fair value of $199,435 and $205,518 at June 30, 2024 and December 31, 2023, respectively, net of allowance for credit losses — investments 213,679 217,170
Other investments, at cost 5,029 6,800
Loans held-for-sale 6,701 4,433
Loans held-for-investment 1,189,189 1,134,019
Less, allowance for credit losses – loans 12,932 12,267
Net loans held-for-investment 1,176,257 1,121,752
Property and equipment – net 30,340 30,589
Lease right-of-use asset 3,095 3,248
Bank owned life insurance 30,567 30,174
Other real estate owned 544 622
Intangible assets 525 604
Goodwill 14,637 14,637
Other assets 22,041 20,738
Total assets 1,884,844 1,827,688
Deposits:    
Non-interest bearing 460,391 432,333
Interest bearing 1,144,137 1,078,668
Total deposits 1,604,528 1,511,001
Securities sold under agreements to repurchase 59,286 62,863
Federal Home Loan Bank advances 50,000 90,000
Junior subordinated debt 14,964 14,964
Lease liability 3,287 3,426
Other liabilities 16,600 14,375
Total liabilities 1,748,665 1,696,629
SHAREHOLDERS’ EQUITY    
Preferred stock, par value $1.00 per share, 10,000,000 shares authorized; none issued and outstanding
Common stock, par value $1.00 per share; 20,000,000 shares authorized; issued and outstanding 7,635,145 at June 30, 2024 and 7,606,172 at December 31, 2023 7,635 7,606
Nonvested restricted stock and stock units 2,156 2,181
Additional paid in capital 93,647 93,167
Retained earnings 60,029 56,296
Accumulated other comprehensive loss (27,288) (28,191)
Total shareholders’ equity 136,179 131,059
Total liabilities and shareholders’ equity $ 1,884,844 $ 1,827,688