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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 20,048 $ 19,505
Short-term interest-earning deposits in other banks 159,679 3,635
Total cash and cash equivalents 179,727 23,140
Long-term interest-earning deposits in other banks 1,994 6,229
Debt securities available for sale, at fair value 454,465 472,503
Equity securities 352 427
Restricted stock 10,375 2,375
Loans held for sale 932 213
Loans 1,318,320 1,256,985
Allowance for credit losses (17,018) (16,052)
Net Loans 1,301,302 1,240,933
Premises and equipment, net 28,974 28,543
Right of use asset 4,380 4,680
Bank owned life insurance 22,502 22,758
Goodwill 9,016 9,016
Deferred tax asset, net 11,789 11,801
Other assets 13,318 13,421
Total assets 2,039,126 1,836,039
Deposits    
Noninterest-bearing checking 282,964 273,050
Money management, savings, and interest checking 1,119,814 1,132,482
Time 183,680 132,446
Total deposits 1,586,458 1,537,978
Lease liability 4,527 4,816
Other liabilities 11,652 11,448
Total liabilities 1,902,317 1,703,903
Commitments and contingent liabilities
Shareholders' equity    
Common stock, $1 par value per share,15,000,000 shares authorized with 4,710,972 shares issued and 4,412,374 shares outstanding at June 30, 2024 and 4,710,972 shares issued and 4,371,231 shares outstanding at December 31, 2023 4,711 4,711
Capital stock no par value, 5,000,000 shares authorized with no shares issued and outstanding
Additional paid-in capital 43,547 43,646
Retained earnings 137,581 133,993
Accumulated other comprehensive loss (40,881) (40,940)
Treasury stock, 298,598 shares at June 30, 2024 and 339,741 shares at December 31, 2023, at cost (8,149) (9,274)
Total shareholders' equity 136,809 132,136
Total liabilities and shareholders' equity 2,039,126 1,836,039
Federal Reserve Bank Borrowings [Member]    
Deposits    
Debt 40,000 90,000
Federal Home Loan Bank (FHLB) Advances [Member]    
Deposits    
Debt 240,000 40,000
Subordinated Notes [Member]    
Deposits    
Debt $ 19,680 $ 19,661