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CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash and noninterest-bearing deposits with banks $ 15,704 $ 14,252
Interest-bearing deposits with banks 67,403 113,874
Total cash and cash equivalents 83,107 128,126
Securities available for sale 268,120 162,258
Securities held to maturity, net of allowance for credit losses of $1 in 2024 and $2 in 2023 7,049 7,986
Restricted investments in bank stocks 5,007 5,037
Total loans 1,061,825 971,900
Less: Allowance for credit losses (10,088) (8,767)
Net loans 1,051,737 963,133
Premises and equipment, net 21,229 21,450
Premises and equipment held for sale, net 507 573
Accrued interest receivable 4,805 3,606
Goodwill 7,319 7,319
Other intangible assets, net 0 8
Bank owned life insurance and annuity assets 42,048 40,593
Operating lease right-of-use asset, net 1,024 1,205
Deferred tax assets 7,218 6,306
Other assets 4,242 4,535
Total assets 1,503,412 1,352,135
Liabilities    
Noninterest-bearing deposits 322,383 322,222
Interest-bearing deposits 952,795 804,914
Total deposits 1,275,178 1,127,136
Other borrowed funds 39,740 44,593
Subordinated debentures 8,500 8,500
Operating lease liability 1,024 1,205
Allowance for credit losses on off-balance sheet commitments 582 692
Other liabilities 28,060 26,002
Total liabilities 1,353,084 1,208,128
Commitments and Contingent Liabilities (See Note L)
Shareholders' Equity    
Common stock ($1.00 stated value per share, 10,000,000 shares authorized; 2024 - 5,490,995 shares issued; 2023 - 5,470,453 shares issued) 5,491 5,470
Additional paid-in capital 52,321 51,842
Retained earnings 121,693 114,871
Accumulated other comprehensive income (loss) (10,484) (11,428)
Treasury stock, at cost (2024 - 779,994 shares; 2023 - 697,321 shares) (18,693) (16,748)
Total shareholders' equity 150,328 144,007
Total liabilities and shareholders' equity $ 1,503,412 $ 1,352,135