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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 30,356 $ 26,373
Interest-bearing bank balances 163,237 123,455
Investment securities available-for-sale 299,529 279,582
Investment securities held-to-maturity, fair value of $191,270 and $196,040 at September 30, 2025 and December 31, 2024, respectively, net of allowance for credit losses — investments 198,805 209,413
Other investments, at cost 2,942 2,679
Loans held-for-sale 8,970 9,662
Loans held-for-investment 1,279,310 1,220,542
Less, allowance for credit losses – loans 13,478 13,135
Net loans held-for-investment 1,265,832 1,207,407
Property and equipment – net 29,203 29,975
Lease right-of-use asset 2,264 2,477
Bank owned life insurance 31,590 30,973
Other real estate owned 194 543
Intangible assets 328 446
Goodwill 14,637 14,637
Other assets 18,711 20,399
Total assets 2,066,598 1,958,021
Deposits:    
Non-interest bearing 483,260 462,717
Interest bearing 1,287,904 1,213,184
Total deposits 1,771,164 1,675,901
Securities sold under agreements to repurchase 99,614 103,110
Junior subordinated debt 14,964 14,964
Lease liability 2,443 2,646
Other liabilities 16,845 16,906
Total liabilities 1,905,030 1,813,527
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 7,689,694 at September 30, 2025 and 7,644,424 at December 31, 2024 7,690 7,644
Nonvested restricted stock and stock units 2,544 2,639
Additional paid in capital 94,819 93,834
Retained earnings 76,688 65,836
Accumulated other comprehensive loss (20,173) (25,459)
Total shareholders’ equity 161,568 144,494
Total liabilities and shareholders’ equity $ 2,066,598 $ 1,958,021