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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 27,432 $ 24,916
Interest-bearing deposits in banks 178,600 137,958
Cash and cash equivalents 206,032 162,874
Securities available for sale, at fair value 160,976 163,847
Securities held to maturity, at amortized cost (net of allowance for credit losses, 2025, $87; 2024, $94) 108,292 109,741
Restricted securities, at cost 4,436 3,741
Loans held for sale 681 409
Loans, net of allowance for credit losses, 2025, $14,735; 2024, $16,400 1,435,215 1,450,195
Other real estate owned, net of valuation allowance, 2025, $0; 2024, $0 0 53
Premises and equipment, net 34,609 34,824
Accrued interest receivable 6,126 6,020
Bank owned life insurance 38,136 37,873
Goodwill 3,030 3,030
Core deposit intangibles, net 14,544 14,986
Other assets 21,270 22,688
Total assets 2,033,347 2,010,281
Liabilities    
Noninterest-bearing demand deposits 540,387 520,153
Savings and interest-bearing demand deposits 922,197 923,726
Time deposits 362,392 359,899
Total deposits 1,824,976 1,803,778
Subordinated debt, net of issuance cost 21,461 21,176
Junior subordinated debt 9,279 9,279
Accrued interest payable and other liabilities 8,955 9,517
Total liabilities 1,864,671 1,843,750
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 16,000,000 shares; issued and outstanding, 2025, 8,986,696 shares; 2024, 8,974,102 shares 11,233 11,218
Surplus 77,354 77,058
Retained earnings 97,152 96,947
Accumulated other comprehensive loss, net (17,063) (18,692)
Total shareholders’ equity 168,676 166,531
Total liabilities and shareholders’ equity $ 2,033,347 $ 2,010,281