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Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Consolidated Balance Sheets    
Cash and due from banks, including reserve requirements of $0 at both 12/31/23 and 12/31/22 $ 32,819,000 $ 50,061,000
Interest-bearing deposits 49,556,000 21,535,000
Cash and cash equivalents 82,375,000 71,596,000
Investment securities available for sale 391,924,000 445,394,000
Other investments 2,874,000 2,656,000
Total securities 394,798,000 448,050,000
Mortgage loans held for sale 686,000 211,000
Loans 1,093,066,000 1,032,608,000
Less allowance for credit losses (11,041,000) (10,494,000)
Net loans 1,082,025,000 1,022,114,000
Premises and equipment, net 16,702,000 18,205,000
Cash surrender value of life insurance 18,134,000 17,703,000
Right of use lease asset 4,731,000 5,116,000
Accrued interest receivable and other assets 36,459,000 37,932,000
Total assets 1,635,910,000 1,620,927,000
Deposits:    
Noninterest-bearing demand 432,687,000 523,088,000
Interest-bearing demand, MMDA & savings 620,244,000 814,128,000
Time, over $250,000 148,904,000 31,001,000
Other time 190,210,000 66,998,000
Total deposits 1,392,045,000 1,435,215,000
Securities sold under agreements to repurchase 86,715,000 47,688,000
Junior subordinated debentures 15,464,000 15,464,000
Lease liability 4,832,000 5,185,000
Accrued interest payable and other liabilities 15,838,000 12,180,000
Total liabilities 1,514,894,000 1,515,732,000
Shareholders' equity:    
Preferred stock, no par value; authorized 5,000,000 shares; no shares issued and outstanding 0 0
Common stock, no par value; authorized 20,000,000 shares; issued and outstanding 5,534,499 shares at December 31, 2023 and 5,636,830 shares at December 31, 2022 50,625,000 52,636,000
Common stock held by deferred compensation trust, at cost; 163,702 shares at December 31, 2023 and 169,094 shares at December 31, 2022 (1,910,000) (2,181,000)
Deferred compensation 1,910,000 2,181,000
Retained earnings 109,756,000 100,156,000
Accumulated other comprehensive loss (39,365,000) (47,597,000)
Total shareholders' equity 121,016,000 105,195,000
Total liabilities and shareholders' equity $ 1,635,910,000 $ 1,620,927,000