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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 26,373 $ 27,908
Interest-bearing bank balances 123,455 66,787
Investment securities available-for-sale 279,582 282,226
Investment securities held-to-maturity, fair value of $196,040 and $205,518 at December 31, 2024 and December 31, 2023, respectively, net of allowance for credit losses-investments 209,413 217,170
Other investments, at cost 2,679 6,800
Loans held-for-sale 9,662 4,433
Loans held-for-investment 1,220,542 1,134,019
Less, allowance for credit losses 13,135 12,267
Net loans held-for-investment 1,207,407 1,121,752
Property and equipment - net 29,975 30,589
Lease right-of-use asset 2,477 3,248
Bank owned life insurance 30,973 30,174
Other real estate owned 543 622
Intangible assets 446 604
Goodwill 14,637 14,637
Other assets 20,399 20,738
Total assets 1,958,021 1,827,688
Deposits:    
Non-interest bearing 462,717 432,333
Interest bearing 1,213,184 1,078,668
Total deposits 1,675,901 1,511,001
Securities sold under agreements to repurchase 103,110 62,863
Federal Home Loan Bank advances 90,000
Junior subordinated debt 14,964 14,964
Lease liability 2,646 3,426
Other liabilities 16,906 14,375
Total liabilities 1,813,527 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 7,644,424 at December 31, 2024 and 7,606,172 at December 31, 2023 7,644 7,606
Nonvested restricted stock and stock units 2,639 2,181
Additional paid in capital 93,834 93,167
Retained earnings 65,836 56,296
Accumulated other comprehensive loss (25,459) (28,191)
Total shareholders’ equity 144,494 131,059
Total liabilities and shareholders’ equity $ 1,958,021 $ 1,827,688