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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 34,435 $ 24,916
Interest-bearing deposits in banks 159,880 137,958
Cash and cash equivalents 194,315 162,874
Securities available for sale, at fair value 187,579 163,847
Securities held to maturity, at amortized cost (net of allowance for credit losses, 2025, $97; 2024, $94) 106,430 109,741
Restricted securities, at cost 5,624 3,741
Loans held for sale 415 409
Loans, net of allowance for credit losses, 2025, $15,186; 2024, $16,400 1,427,836 1,450,195
Other real estate owned, net of valuation allowance, 2025, $0; 2024, $0 0 53
Premises and equipment, net 34,530 34,824
Accrued interest receivable 6,143 6,020
Bank owned life insurance 38,367 37,873
Goodwill 3,030 3,030
Core deposit intangibles, net 14,102 14,986
Other assets 23,070 22,688
Total assets 2,041,441 2,010,281
Liabilities    
Noninterest-bearing demand deposits 541,204 520,153
Savings and interest-bearing demand deposits 900,658 923,726
Time deposits 361,304 359,899
Total deposits 1,803,166 1,803,778
Other borrowings 25,000 0
Subordinated debt, net of issuance cost 21,148 21,176
Junior subordinated debt 9,279 9,279
Accrued interest payable and other liabilities 9,316 9,517
Total liabilities 1,867,909 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, 8,989,138 shares; 2024, 8,974,102 shares 11,236 11,218
Surplus 77,578 77,058
Retained earnings 100,810 96,947
Accumulated other comprehensive loss, net (16,092) (18,692)
Total shareholders’ equity 173,532 166,531
Total liabilities and shareholders’ equity $ 2,041,441 $ 2,010,281