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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 13,129 $ 15,417
Interest-bearing deposits with other institutions 162,595 96,649
Federal funds sold 17,435 26,287
Total cash and cash equivalents 193,159 138,353
Securities available for sale, at fair value 121,330 137,443
Restricted investments 7,557 9,568
Loans held for sale 2,660 1,661
Loans 1,467,049 1,462,686
Allowance for credit losses (15,027) (14,493)
Net Loans 1,452,022 1,448,193
Bank premises and equipment, net 14,339 18,108
Bank owned life insurance 30,621 29,575
Other assets 44,527 42,696
Total assets 1,866,215 1,825,597
Deposits:    
Noninterest bearing demand deposits 406,180 436,619
Savings and interest bearing demand deposits 679,330 656,439
Time deposits 489,646 413,264
Total deposits 1,575,156 1,506,322
Federal Home Loan Bank advances, short-term 25,000 20,000
Federal Home Loan Bank advances, long-term 95,000 145,000
Subordinated debt, net of unamortized issuance costs 29,512 29,444
Other Liabilities 22,560 16,452
Total liabilities 1,747,228 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, 3,549,581 including 64,043 unvested restricted stock; issued and outstanding 2023, 3,520,894 including 56,914 unvested restricted stock 8,714 8,660
Surplus 14,901 14,280
Retained earnings 114,012 103,445
Accumulated other comprehensive loss (18,640) (18,006)
Total shareholders’ equity 118,987 108,379
Total liabilities and shareholders’ equity $ 1,866,215 $ 1,825,597