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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 17,401 $ 13,129
Interest-bearing deposits with other institutions 260,568 162,595
Federal funds sold 118,033 17,435
Total cash and cash equivalents 396,002 193,159
Securities available for sale, at fair value, amortized cost of $130,148 and $144,929, respectively 120,907 121,330
Restricted investments, at cost 3,786 7,557
Loans held for sale 3,302 2,660
Loans 1,438,632 1,467,049
Allowance for credit losses (15,979) (15,027)
Net Loans 1,422,653 1,452,022
Bank premises and equipment, net 14,693 14,339
Bank owned life insurance 31,172 30,621
Other assets 42,565 44,527
Total assets 2,035,080 1,866,215
Deposits:    
Noninterest bearing demand deposits 574,596 406,180
Savings and interest bearing demand deposits 728,370 679,330
Time deposits 463,558 489,646
Total deposits 1,766,524 1,575,156
Federal funds purchased 172 0
Federal Home Loan Bank advances, short-term 0 25,000
Federal Home Loan Bank advances, long-term 40,000 95,000
Subordinated debt, net of unamortized issuance costs 29,545 29,512
Other liabilities 19,191 22,560
Total liabilities 1,855,432 1,747,228
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 2025, 5,376,346 including 72,107 shares of unvested restricted stock; issued and outstanding 2024, 3,549,581 including 64,043 shares of unvested restricted stock 13,260 8,714
Surplus 64,154 14,901
Retained earnings 109,530 114,012
Accumulated other comprehensive loss (7,296) (18,640)
Total shareholders’ equity 179,648 118,987
Total liabilities and shareholders’ equity $ 2,035,080 $ 1,866,215