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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 15,417 $ 16,629
Interest-bearing deposits with other institutions 96,649 49,902
Federal funds sold 26,287 363
Total cash and cash equivalents 138,353 66,894
Securities available for sale 137,443 149,156
Restricted investments 9,568 9,233
Loans held for sale 1,661 153
Loans 1,462,686 1,323,783
Allowance for credit losses (14,493) (11,218)
Net loans 1,448,193 1,312,565
Bank premises and equipment, net 18,108 18,064
Other real estate owned, net of allowance 0 108
Bank owned life insurance 29,575 23,862
Other assets 42,696 36,682
Total assets 1,825,597 1,616,717
Deposits:    
Noninterest bearing demand deposits 436,619 478,750
Savings and interest bearing demand deposits 656,439 627,431
Time deposits 413,264 157,894
Total deposits 1,506,322 1,264,075
Federal funds purchased 0 32,980
Federal Home Loan Bank advances, short-term 20,000 175,000
Federal Home Loan Bank advances, long-term 145,000 0
Subordinated Debt 29,444 29,377
Other Liabilities 16,452 13,556
Total liabilities 1,717,218 1,514,988
Commitments and Contingencies
Shareholders’ Equity    
Preferred stock, $10 par value; 500,000 shares authorized and unissued 0 0
Common stock, $2.50 par value; authorized 10,000,000 shares; issued and outstanding 2023, 3,520,894 including 56,914 unvested restricted stock; issued and outstanding 2022, 3,490,086 including 38,780 unvested restricted stock 8,660 8,629
Surplus 14,280 13,268
Retained earnings 103,445 100,278
Accumulated other comprehensive (loss) (18,006) (20,446)
Total shareholders’ equity 108,379 101,729
Total liabilities and shareholders’ equity $ 1,825,597 $ 1,616,717