XML 14 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 16,729 $ 17,194
Interest-bearing deposits in banks 118,906 69,967
Cash and cash equivalents 135,635 87,161
Securities available for sale, at fair value 144,816 152,857
Securities held to maturity, at amortized cost (net of allowance for credit losses, 2024, $109; 2023, $107) 123,497 148,244
Restricted securities, at cost 2,112 2,078
Loans, net of allowance for credit losses, 2024, $12,553; 2023, $11,974 977,423 957,456
Premises and equipment, net 22,205 22,142
Accrued interest receivable 4,916 4,655
Bank owned life insurance 24,802 24,902
Goodwill 3,030 3,030
Core deposit intangibles, net 108 117
Other assets 18,984 16,653
Total assets 1,457,528 1,419,295
Liabilities    
Noninterest-bearing demand deposits 397,770 379,208
Savings and interest-bearing demand deposits 665,208 662,169
Time deposits 202,818 192,349
Total deposits 1,265,796 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 7,564 5,022
Total liabilities 1,337,637 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, 6,280,406 shares; 2023, 6,263,102 shares 7,851 7,829
Surplus 33,116 32,950
Retained earnings 97,966 94,198
Accumulated other comprehensive loss, net (19,042) (18,706)
Total shareholders’ equity 119,891 116,271
Total liabilities and shareholders’ equity $ 1,457,528 $ 1,419,295