XML 9 R2.htm IDEA: XBRL DOCUMENT v3.25.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 9,192 $ 13,564
Interest-bearing deposits 33,113 94,254
Federal funds sold 0 299
Total cash and cash equivalents 42,305 108,117
Securities available for sale, at fair value 630,483 601,898
Mortgage loans held for sale 535 619
Loans:    
Total loans 1,016,945 988,613
Less deferred fees and costs (543) (663)
Loans, net of deferred fees and costs 1,016,402 987,950
Less: allowance for credit losses (10,579) (10,262)
Loans, net 1,005,823 977,688
Premises and equipment, net 19,812 18,131
Accrued interest receivable 6,677 6,469
Goodwill 10,718 10,718
Core deposit intangible, net 1,579 1,863
Bank-owned life insurance ("BOLI") 48,262 47,369
Other assets 36,213 38,764
Total assets 1,802,407 1,811,636
Liabilities and Stockholders' Equity    
Noninterest-bearing demand deposits 312,578 290,088
Interest-bearing demand deposits 793,552 864,753
Savings deposits 140,635 143,109
Time deposits 315,139 346,802
Total deposits 1,561,904 1,644,752
Borrowings 50,000 0
Accrued interest payable 1,616 1,462
Other liabilities 9,667 9,013
Total liabilities 1,623,187 1,655,227
Commitments and contingencies
Stockholders' Equity    
Preferred stock, no par value, 5,000,000 shares authorized; none issued and outstanding
Common stock of $1.25 par value and additional paid in capital. Authorized 10,000,000 shares; issued and outstanding 6,366,001 (including 5,028 unvested) shares as of September 30, 2025 and 6,363,371(including 4,961 unvested) shares as of December 31, 2024 21,974 21,831
Retained earnings 201,643 196,343
Accumulated other comprehensive loss, net (44,397) (61,765)
Total stockholders' equity 179,220 156,409
Total liabilities and stockholders' equity 1,802,407 1,811,636
Real Estate Construction Portfolio Segment [Member]    
Loans:    
Total loans 46,381 50,798
Less: allowance for credit losses (425) (348)
Consumer Real Estate Portfolio Segment [Member]    
Loans:    
Total loans 324,597 307,855
Less: allowance for credit losses (3,888) (3,926)
Commercial Real Estate Portfolio Segment [Member]    
Loans:    
Total loans 490,968 478,078
Less: allowance for credit losses (4,360) (4,299)
Commercial Non Real Estate Segment [Member]    
Loans:    
Total loans 53,532 51,844
Less: allowance for credit losses (760) (655)
Public Sector and IDA Portfolio Segment [Member]    
Loans:    
Total loans 54,332 57,171
Less: allowance for credit losses (307) (336)
Consumer Non Real Estate Portfolio Segment [Member]    
Loans:    
Total loans 47,135 42,867
Less: allowance for credit losses $ (792) $ (648)