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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 24,105 $ 20,819
Interest-bearing deposits in financial institutions and federal funds sold 30,996 7,065
Total cash and cash equivalents 55,101 27,884
Interest-bearing time deposits 8,904 14,669
Securities available-for-sale 736,389 786,438
Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) stock, at cost 3,086 4,613
Loans receivable, net 1,277,812 1,226,011
Loans held for sale 124 154
Bank premises and equipment, net 22,549 18,895
Accrued income receivable 12,953 11,275
Bank-owned life insurance 3,131 3,054
Deferred income taxes, net 16,496 22,130
Other intangible assets, net 1,429 1,931
Goodwill 12,424 12,424
Other assets 5,083 5,448
Total assets 2,155,481 2,134,926
LIABILITIES    
Noninterest-bearing checking 370,942 391,576
Interest-bearing checking 611,891 617,379
Savings and money market 552,275 675,031
Time, $250 and over 67,733 42,886
Other time 208,990 171,085
Total deposits 1,811,831 1,897,957
Securities sold under agreements to repurchase 53,994 40,676
Other borrowings 110,588 39,120
Dividends payable 2,428 2,428
Accrued interest payable 4,710 666
Accrued expenses and other liabilities 6,142 4,981
Total liabilities 1,989,693 1,985,828
STOCKHOLDERS' EQUITY    
Common stock, $2 par value, authorized 18,000,000 shares; issued and outstanding 8,992,167 shares as of December 31, 2023 and 2022 17,984 17,984
Additional paid-in capital 14,253 14,253
Retained earnings 180,438 179,931
Accumulated other comprehensive (loss) (46,887) (63,070)
Total stockholders' equity 165,788 149,098
Total liabilities and stockholders' equity $ 2,155,481 $ 2,134,926