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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 17,194 $ 20,784
Interest-bearing deposits in banks 69,967 46,130
Securities available for sale, at fair value 152,857 162,907
Securities held to maturity, at amortized cost (net of allowance for credit losses of $107 at December 31, 2023) 148,244 153,158
Restricted securities, at cost 2,078 1,908
Loans, net of allowance for credit losses, 2023, $11,974, 2022, $7,446 957,456 913,077
Other real estate owned, net of valuation allowance, 2023, $0, 2022, $13 0 184
Premises and equipment, net 22,142 21,876
Accrued interest receivable 4,655 4,543
Bank owned life insurance 24,902 24,531
Core deposit intangibles, net 117 136
Goodwill 3,030 3,030
Other assets 16,653 17,119
Total assets 1,419,295 1,369,383
Liabilities    
Noninterest-bearing demand deposits 379,208 427,344
Savings and interest-bearing demand deposits 662,169 677,139
Time deposits 192,349 136,849
Total deposits 1,233,726 1,241,332
Other borrowings 50,000 0
Subordinated debt 4,997 4,995
Junior subordinated debt 9,279 9,279
Accrued interest payable and other liabilities 5,022 5,417
Total liabilities 1,303,024 1,261,023
Commitments and contingencies
Shareholders’ Equity    
Preferred stock, par value $1.25 per share; authorized 1,000,000 shares; none issued and outstanding 0 0
Common stock, par value $1.25 per share; authorized 8,000,000 shares; issued and outstanding, 2023, 6,263,102 shares, 2022, 6,264,912 shares 7,829 7,831
Surplus 32,950 32,716
Retained earnings 94,198 90,284
Accumulated other comprehensive (loss), net (18,706) (22,471)
Total shareholders’ equity 116,271 108,360
Total liabilities and shareholders’ equity $ 1,419,295 $ 1,369,383