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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 18,362 $ 24,105
Interest-bearing deposits in financial institutions and federal funds sold 93,040 30,996
Total cash and cash equivalents 111,402 55,101
Interest-bearing time deposits 7,660 8,904
Securities available-for-sale 723,205 736,389
Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) stock, at cost 3,593 3,086
Loans receivable, net 1,272,580 1,277,812
Loans held for sale 739 124
Bank premises and equipment, net 22,289 22,549
Accrued income receivable 12,246 12,953
Bank-owned life insurance 3,151 3,131
Deferred income taxes, net 16,568 16,496
Other intangible assets, net 1,342 1,429
Goodwill 12,424 12,424
Other assets 4,643 5,083
Total assets 2,191,842 2,155,481
LIABILITIES    
Noninterest-bearing checking 354,082 370,942
Interest-bearing checking 645,400 611,891
Savings and money market 570,398 552,275
Time, $250 and over 77,276 67,733
Other time 224,967 208,990
Total deposits 1,872,123 1,811,831
Securities sold under agreements to repurchase 53,037 53,994
Other borrowings 90,284 110,588
Dividends payable 2,428 2,428
Accrued interest payable 2,571 4,710
Accrued expenses and other liabilities 5,859 6,142
Total liabilities 2,026,302 1,989,693
STOCKHOLDERS' EQUITY    
Common stock, $2 par value, authorized 18,000,000 shares; issued and outstanding 8,992,167 shares as of March 31, 2024 and December 31, 2023 17,984 17,984
Additional paid-in capital 14,253 14,253
Retained earnings 180,316 180,438
Accumulated other comprehensive (loss) (47,013) (46,887)
Total stockholders' equity 165,540 165,788
Total liabilities and stockholders' equity $ 2,191,842 $ 2,155,481