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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 14,476 $ 17,194
Interest-bearing deposits in banks 124,233 69,967
Securities available for sale, at fair value 147,675 152,857
Securities held to maturity, at amortized cost (net of allowance for credit losses of $116 at March 31, 2024) 125,825 148,244
Restricted securities, at cost 2,112 2,078
Loans, net of allowance for credit losses, 2024, $12,603; 2023, $11,974 960,371 957,456
Premises and equipment, net 21,993 22,142
Accrued interest receivable 4,978 4,655
Bank owned life insurance 24,652 24,902
Goodwill 3,030 3,030
Core deposit intangibles, net 113 117
Other assets 17,737 16,653
Total assets 1,447,195 1,419,295
Liabilities    
Noninterest-bearing demand deposits 384,092 379,208
Savings and interest-bearing demand deposits 677,458 662,169
Time deposits 197,587 192,349
Total deposits 1,259,137 1,233,726
Other borrowings 50,000 50,000
Subordinated debt, net of issuance cost 4,998 4,997
Junior subordinated debt 9,279 9,279
Accrued interest payable and other liabilities 5,965 5,022
Total liabilities 1,329,379 1,303,024
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, 2024, 6,277,373 shares; 2023, 6,263,102 shares 7,847 7,829
Surplus 33,021 32,950
Retained earnings 96,465 94,198
Accumulated other comprehensive loss, net (19,517) (18,706)
Total shareholders’ equity 117,816 116,271
Total liabilities and shareholders’ equity $ 1,447,195 $ 1,419,295