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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 25,038 $ 20,275
Interest-bearing deposits at other banks 3,463 4,110
Investment securities available-for-sale, at fair value 352,442 372,512
Investment securities, held-to-maturity, net of allowance for credit losses of $91 and $91, fair value of $3,448 and $3,290 3,730 3,672
Bank stocks, at cost 10,946 6,618
Loans, net of allowance for credit losses of $13,762 and $12,825 1,103,407 1,039,221
Loans held for sale, at fair value 4,773 3,420
Bank owned life insurance 39,607 39,056
Premises and equipment, net 19,654 20,220
Goodwill 32,377 32,377
Other intangible assets, net 2,275 2,578
Mortgage servicing rights 3,082 3,061
Real estate owned, net 167 167
Accrued interest and other assets 23,904 26,855
Total assets 1,624,865 1,574,142
Deposits:    
Non-interest-bearing demand 351,993 351,595
Money market and checking 562,919 636,963
Savings 148,092 145,514
Certificates of deposit 210,897 194,694
Total deposits 1,273,901 1,328,766
Federal Home Loan Bank and other borrowings 155,110 53,046
Subordinated debentures 21,651 21,651
Repurchase agreements 5,825 13,808
Accrued interest and other liabilities 20,002 20,656
Total liabilities 1,476,489 1,437,927
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; 5,788,635 and 5,775,198 shares issued at June 30, 2025 and December 31, 2024, respectively 58 58
Additional paid-in capital 95,266 95,051
Retained earnings 63,612 56,934
Accumulated other comprehensive loss (10,560) (15,828)
Total stockholders’ equity 148,376 136,215
Total liabilities and stockholders’ equity $ 1,624,865 $ 1,574,142