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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 23,947 $ 20,275
Interest-bearing deposits at other banks 3,218 4,110
Investment securities available-for-sale, at fair value 350,028 372,512
Investment securities, held-to-maturity, net of allowance for credit losses of $91 and $91, fair value of $3,468 and $3,290 3,760 3,672
Bank stocks, at cost 8,021 6,618
Loans, net of allowance for credit losses of $12,299 and $12,825 1,104,991 1,039,221
Loans held for sale, at fair value 3,578 3,420
Bank owned life insurance 39,890 39,056
Premises and equipment, net 19,449 20,220
Goodwill 32,377 32,377
Other intangible assets, net 2,123 2,578
Mortgage servicing rights 3,120 3,061
Real estate owned, net 167
Accrued interest and other assets 22,573 26,855
Total assets 1,617,075 1,574,142
Deposits:    
Non-interest-bearing demand 365,959 351,595
Money market and checking 579,413 636,963
Savings 146,291 145,514
Certificates of deposit 233,837 194,694
Total deposits 1,325,500 1,328,766
Federal Home Loan Bank and other borrowings 90,483 53,046
Subordinated debentures 21,651 21,651
Repurchase agreements 1,420 13,808
Accrued interest and other liabilities 22,294 20,656
Total liabilities 1,461,348 1,437,927
Commitments and contingencies
Stockholders’ equity:    
Common stock, $0.01 par value per share, 7,500,000 shares authorized; 5,790,579 and 5,775,198 shares issued at September 30, 2025 and December 31, 2024, respectively 58 58
Additional paid-in capital 95,330 95,051
Retained earnings 67,327 56,934
Accumulated other comprehensive loss (6,988) (15,828)
Total stockholders’ equity 155,727 136,215
Total liabilities and stockholders’ equity $ 1,617,075 $ 1,574,142