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Consolidated Condensed Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Assets [Abstract]    
Cash and due from banks $ 27,661 $ 36,535
Interest-bearing demand deposits 11,713 3,188
Total cash and cash equivalents 39,374 39,723
Investment securities:    
Equity securities with a readily determinable fair value, at fair value 1,388 1,336
Equity securities without a readily determinable fair value, at cost 3,666 3,666
Debt securities, available-for-sale, at fair value 262,622 276,601
Debt securities, held-to-maturity, at cost, net of allowance for credit losses of $7 and $5 at September 30, 2024 and December 31, 2023, respectively 18,730 16,858
Federal Reserve Bank stock, at cost 6,429 5,086
Federal Home Loan Bank stock, at cost 20,710 15,176
Outstanding balance 1,707,193 1,712,946
Loans held for sale 35,687 0
Premises and equipment, net 41,233 36,302
Operating lease right-of-use assets 5,853 6,000
Goodwill 90,209 79,509
Core deposit and other intangibles, net 11,605 9,494
Bank-owned life insurance 53,650 49,847
Interest receivable 9,450 8,405
Other Assets 39,109 30,643
TOTAL ASSETS 2,346,908 2,291,592
Deposits:    
Noninterest-bearing 446,626 462,267
Interest-bearing 1,470,379 1,362,122
Total deposits 1,917,005 1,824,389
Short-term borrowings 0 97,395
Long-term debt 155,662 113,123
Operating lease liabilities 6,152 6,261
Accrued interest and other liabilities 14,843 15,121
TOTAL LIABILITIES 2,093,662 2,056,289
COMMITMENTS AND CONTINGENT LIABILITIES
SHAREHOLDERS' EQUITY:    
Preferred shares – no par value, authorized 1,000,000 shares, none outstanding 0 0
Common shares – no par value; authorized 19,000,000 shares; issued 17,321,593 and 16,384,952 shares at September 30, 2024 and December 31, 2023, respectively; outstanding 14,110,210 and 13,173,569 shares at September 30, 2024 and December 31, 2023, respectively 186,716 173,637
Retained earnings 138,325 140,017
Treasury shares at cost, 3,211,383 and 3,211,383 shares at September 30, 2024 and December 31, 2023, respectively (56,015) (56,015)
Accumulated other comprehensive loss, net of taxes (15,780) (22,336)
TOTAL SHAREHOLDERS' EQUITY 253,246 235,303
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 2,346,908 $ 2,291,592