XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 23,889 $ 27,101
Interest-bearing deposits at other banks 4,881 4,918
Investment securities available-for-sale, at fair value 420,459 452,769
Investment securities, held-to-maturity, net of allowance for credit losses of $91 and $91, fair value of $3,128 and $3,049 3,613 3,555
Bank stocks, at cost 9,647 8,123
Loans, net of allowance for credit losses of $10,903 and $10,608 969,089 937,619
Loans held for sale, at fair value 2,513 853
Bank owned life insurance 38,826 38,333
Premises and equipment, net 20,986 19,709
Goodwill 32,377 32,377
Other intangible assets, net 2,900 3,241
Mortgage servicing rights 2,997 3,158
Real estate owned, net 428 928
Accrued interest and other assets 28,149 28,988
Total assets 1,560,754 1,561,672
Deposits:    
Non-interest-bearing demand 360,631 367,103
Money market and checking 546,385 613,613
Savings 150,996 152,381
Certificates of deposit 192,470 183,154
Total deposits 1,250,482 1,316,251
Federal Home Loan Bank and other borrowings 131,330 64,662
Subordinated debentures 21,651 21,651
Repurchase agreements 8,745 12,714
Accrued interest and other liabilities 20,292 19,480
Total liabilities 1,432,500 1,434,758
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; 5,486,407 and 5,481,407 shares issued at June 30, 2024 and December 31, 2023, respectively 55 55
Additional paid-in capital 89,469 89,208
Retained earnings 57,774 54,282
Treasury stock, at cost; 16,841 and 3,812 shares at June 30, 2024 and December 31, 2023, respectively (330) (75)
Accumulated other comprehensive loss (18,714) (16,556)
Total stockholders’ equity 128,254 126,914
Total liabilities and stockholders’ equity $ 1,560,754 $ 1,561,672