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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 20,275 $ 27,101
Interest-bearing deposits at other banks 4,110 4,918
Investment securities available-for-sale, at fair value 372,512 452,769
Investment securities, held-to-maturity, net of allowance for credit losses of $91 and $91, fair value of $3,290 and $3,049 3,672 3,555
Bank stocks, at cost 6,618 8,123
Loans, net of allowance for credit losses of $12,825 and $10,608 1,039,221 937,619
Loans held for sale, at fair value 3,420 853
Bank owned life insurance 39,056 38,333
Premises and equipment, net 20,220 19,709
Goodwill 32,377 32,377
Other intangible assets, net 2,578 3,241
Mortgage servicing rights 3,061 3,158
Real estate owned, net 167 928
Accrued interest and other assets 26,855 28,988
Total assets 1,574,142 1,561,672
Deposits:    
Non-interest-bearing demand 351,595 367,103
Money market and checking 636,963 613,613
Savings 145,514 152,381
Certificates of deposit 194,694 183,154
Total deposits 1,328,766 1,316,251
Federal Home Loan Bank and other borrowings 53,046 64,662
Subordinated debentures 21,651 21,651
Repurchase agreements 13,808 12,714
Accrued interest and other liabilities 20,656 19,480
Total liabilities 1,437,927 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; 5,775,198 and 5,755,477 shares issued at December 31, 2024 and 2023, respectively 58 55
Additional paid-in capital 95,051 89,208
Retained earnings 56,934 54,282
Treasury stock, at cost; zero and 4,002 shares at December 31, 2024 and 2023, respectively (75)
Accumulated other comprehensive loss (15,828) (16,556)
Total stockholders’ equity 136,215 126,914
Total liabilities and stockholders’ equity $ 1,574,142 $ 1,561,672