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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 18,197 $ 17,194
Interest-bearing deposits in banks 108,319 69,967
Cash and cash equivalents 126,516 87,161
Securities available for sale, at fair value 146,013 152,857
Securities held to maturity, at amortized cost (net of allowance for credit losses, 2024, $104; 2023, $107) 121,425 148,244
Restricted securities, at cost 2,112 2,078
Loans, net of allowance for credit losses, 2024, $12,704; 2023, $11,974 982,016 957,456
Other real estate owned, net of valuation allowance 57 0
Premises and equipment, net 22,960 22,142
Accrued interest receivable 4,794 4,655
Bank owned life insurance 24,992 24,902
Goodwill 3,030 3,030
Core deposit intangibles, net 104 117
Other assets 16,697 16,653
Total assets 1,450,716 1,419,295
Liabilities    
Noninterest-bearing demand deposits 383,400 379,208
Savings and interest-bearing demand deposits 663,925 662,169
Time deposits 205,930 192,349
Total deposits 1,253,255 1,233,726
Other borrowings 50,000 50,000
Subordinated debt, net of issuance cost 4,999 4,997
Junior subordinated debt 9,279 9,279
Accrued interest payable and other liabilities 8,068 5,022
Total liabilities 1,325,601 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, 6,296,705 shares; 2023, 6,263,102 shares 7,871 7,829
Surplus 33,409 32,950
Retained earnings 99,270 94,198
Accumulated other comprehensive loss, net (15,435) (18,706)
Total shareholders’ equity 125,115 116,271
Total liabilities and shareholders’ equity $ 1,450,716 $ 1,419,295