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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 26,278 $ 19,505
Short-term interest-earning deposits in other banks 210,039 3,635
Total cash and cash equivalents 236,317 23,140
Long-term interest-earning deposits in other banks 1,749 6,229
Debt securities available for sale, at fair value 466,485 472,503
Equity securities 655 427
Restricted stock 9,175 2,375
Loans held for sale 2,725 213
Loans 1,365,893 1,256,985
Allowance for credit losses (17,507) (16,052)
Net Loans 1,348,386 1,240,933
Premises and equipment, net 29,162 28,543
Right of use asset 4,251 4,680
Bank owned life insurance 22,618 22,758
Goodwill 9,016 9,016
Deferred tax asset, net 9,135 11,801
Other assets 11,689 13,421
Total assets 2,151,363 1,836,039
Deposits    
Noninterest-bearing checking 303,207 273,050
Money management, savings, and interest checking 1,177,009 1,132,482
Time 243,275 132,446
Total deposits 1,723,491 1,537,978
Lease liability 4,403 4,816
Other liabilities 13,850 11,448
Total liabilities 2,001,435 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 4,418,753 shares outstanding at September 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 43,697 43,646
Retained earnings 140,388 133,993
Accumulated other comprehensive loss (30,885) (40,940)
Treasury stock, 292,219 shares at September 30, 2024 and 339,741 shares at December 31, 2023, at cost (7,983) (9,274)
Total shareholders' equity 149,928 132,136
Total liabilities and shareholders' equity 2,151,363 1,836,039
Federal Reserve Bank Borrowings [Member]    
Deposits    
Debt 40,000 90,000
Federal Home Loan Bank (FHLB) Advances [Member]    
Deposits    
Debt 200,000 40,000
Subordinated Notes [Member]    
Deposits    
Debt $ 19,691 $ 19,661