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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 19,411 $ 15,675
Other interest-bearing deposits 34,813 77,775
Cash and cash equivalents 54,224 93,450
Certificates of deposit in other banks 1,000 0
Available-for-sale debt securities, at fair value 203,292 188,742
Other investments 5,727 6,300
Loans held for investment 1,466,751 1,539,147
Allowance for credit losses (21,937) (23,744)
Net loans 1,444,814 1,515,403
Loans held for sale 315 3,884
Premises and equipment - net 31,324 32,047
Other real estate owned - net 4,385 1,744
Cash surrender value of bank-owned life insurance 38,511 2,624
Accrued interest receivable and other assets 26,177 31,156
Total assets 1,809,769 1,875,350
Deposits    
Non-interest bearing demand 390,639 402,241
Savings, interest checking and money market 811,954 846,452
Time deposits 300,911 322,151
Total deposits 1,503,504 1,570,844
Federal Home Loan Bank advances and other borrowings 96,525 107,000
Subordinated notes 49,486 49,486
Operating lease liabilities 1,758 1,213
Accrued interest payable and other liabilities 12,022 10,722
Total liabilities 1,663,295 1,739,265
Stockholders’ equity:    
Common stock, $1.00 par value, authorized 15,000,000 shares; issued 7,554,893 shares 7,555 7,555
Surplus 76,856 76,818
Retained earnings 86,273 76,464
Accumulated other comprehensive loss, net of tax (12,195) (13,762)
Treasury stock; 568,170 and 515,570 shares, at cost, respectively (12,015) (10,990)
Total stockholders’ equity 146,474 136,085
Total liabilities and stockholders’ equity $ 1,809,769 $ 1,875,350