XML 8 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 15,202 $ 15,417
Interest-bearing deposits with other institutions 45,977 96,649
Federal funds sold 62,476 26,287
Total cash and cash equivalents 123,655 138,353
Securities available for sale, at fair value, amortized cost of $153,250 and $160,251, respectively 129,489 137,443
Restricted investments, at cost 8,780 9,568
Loans held for sale 3,058 1,661
Loans 1,448,934 1,462,686
Allowance for credit losses (15,014) (14,493)
Net Loans 1,433,920 1,448,193
Bank premises and equipment, net 18,114 18,108
Bank owned life insurance 30,103 29,575
Other assets 43,286 42,696
Total assets 1,790,405 1,825,597
Deposits:    
Noninterest bearing demand deposits 415,017 436,619
Savings and interest bearing demand deposits 647,358 656,439
Time deposits 426,209 413,264
Total deposits 1,488,584 1,506,322
Federal funds purchased 302 0
Federal Home Loan Bank advances, short-term 0 20,000
Federal Home Loan Bank advances, long-term 145,000 145,000
Subordinated debt, net of unamortized issuance costs 29,478 29,444
Other liabilities 15,926 16,452
Total liabilities 1,679,290 1,717,218
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 2024, 3,556,844 including 74,216 shares of unvested restricted stock; issued and outstanding 2023, 3,520,894 including 56,914 shares of unvested restricted stock 8,707 8,660
Surplus 14,604 14,280
Retained earnings 106,567 103,445
Accumulated other comprehensive (loss) (18,763) (18,006)
Total shareholders’ equity 111,115 108,379
Total liabilities and shareholders’ equity $ 1,790,405 $ 1,825,597