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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 27,101 $ 23,156
Interest-bearing deposits at other banks 4,918 9,084
Investment securities available-for-sale, at fair value 452,769 489,306
Investment securities, held-to-maturity, net of allowance for credit losses of $91 and $0, fair value of $3,049 and $3,452 3,555 3,524
Bank stocks, at cost 8,123 5,470
Loans, net of allowance for credit losses of $10,608 and $8,791 937,619 841,149
Loans held for sale, at fair value 853 2,488
Bank owned life insurance 38,333 37,323
Premises and equipment, net 19,709 24,327
Goodwill 32,377 32,199
Other intangible assets, net 3,241 4,006
Mortgage servicing rights 3,158 3,813
Real estate owned, net 928 934
Accrued interest and other assets 28,988 26,088
Total assets 1,561,672 1,502,867
Deposits:    
Non-interest-bearing demand 367,103 410,142
Money market and checking 613,613 626,659
Savings 152,381 170,570
Certificates of deposit 183,154 93,278
Total deposits 1,316,251 1,300,649
Federal Home Loan Bank and other borrowings 64,662 17,200
Subordinated debentures 21,651 21,651
Repurchase agreements 12,714 29,402
Accrued interest and other liabilities 19,480 22,532
Total liabilities 1,434,758 1,391,434
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value per share, 200,000 shares authorized; none issued
Common stock, $0.01 par value per share, 7,500,000 shares authorized; 5,481,407 and 5,473,894 shares issued at December 31, 2023 and 2022, respectively 55 52
Additional paid-in capital 89,208 84,273
Retained earnings 54,282 52,174
Treasury stock, at cost; 3,812 and 0 shares at December 31, 2023 and 2022, respectively (75)
Accumulated other comprehensive loss (16,556) (25,066)
Total stockholders’ equity 126,914 111,433
Total liabilities and stockholders’ equity $ 1,561,672 $ 1,502,867