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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 22,660 $ 24,105
Interest-bearing deposits in financial institutions and federal funds sold 36,309 30,996
Total cash and cash equivalents 58,969 55,101
Interest-bearing time deposits 6,167 8,904
Securities available-for-sale 688,595 736,389
Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) stock, at cost 5,186 3,086
Loans receivable, net 1,295,773 1,277,812
Loans held for sale 338 124
Bank premises and equipment, net 21,858 22,549
Accrued income receivable 15,261 12,953
Bank-owned life insurance 3,193 3,131
Deferred income taxes, net 11,138 16,496
Intangible assets, net 1,170 1,429
Goodwill 12,424 12,424
Other assets 3,101 5,083
Total assets 2,123,173 2,155,481
LIABILITIES    
Noninterest-bearing checking 335,469 370,942
Interest-bearing checking 612,017 611,891
Savings and money market 535,096 552,275
Time, $250 and over 79,538 67,733
Other time 239,601 208,990
Total deposits 1,801,721 1,811,831
Securities sold under agreements to repurchase 42,756 53,994
Other borrowings 83,101 110,588
Dividends payable 1,798 2,428
Accrued interest payable 3,045 4,710
Accrued expenses and other liabilities 7,358 6,142
Total liabilities 1,939,779 1,989,693
STOCKHOLDERS' EQUITY    
Common stock, $2 par value, authorized 18,000,000 shares; issued and outstanding 8,992,167 shares as of September 30, 2024 and December 31, 2023 17,984 17,984
Additional paid-in capital 14,253 14,253
Retained earnings 180,505 180,438
Accumulated other comprehensive (loss) (29,348) (46,887)
Total stockholders' equity 183,394 165,788
Total liabilities and stockholders' equity $ 2,123,173 $ 2,155,481