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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 15,558 $ 13,129
Interest-bearing deposits with other institutions 189,119 162,595
Federal funds sold 63,452 17,435
Total cash and cash equivalents 268,129 193,159
Securities available for sale, at fair value, amortized cost of $128,454 and $144,929, respectively 121,379 121,330
Restricted investments, at cost 3,786 7,557
Loans held for sale 3,479 2,660
Loans 1,459,928 1,467,049
Allowance for credit losses (14,810) (15,027)
Net Loans 1,445,118 1,452,022
Bank premises and equipment, net 14,878 14,339
Bank owned life insurance 31,440 30,621
Other assets 44,264 44,527
Total assets 1,932,473 1,866,215
Deposits:    
Noninterest bearing demand deposits 521,149 406,180
Savings and interest bearing demand deposits 687,530 679,330
Time deposits 446,369 489,646
Total deposits 1,655,048 1,575,156
Federal funds purchased 101 0
Federal Home Loan Bank advances, short-term 0 25,000
Advances of long-term Federal Home Loan Bank advances 40,000 95,000
Subordinated debt, net of unamortized issuance costs 29,562 29,512
Other liabilities 22,181 22,560
Total liabilities 1,746,892 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 64,458 14,901
Retained earnings 113,448 114,012
Accumulated other comprehensive loss (5,585) (18,640)
Total shareholders’ equity 185,581 118,987
Total liabilities and shareholders’ equity $ 1,932,473 $ 1,866,215