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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 22,965 $ 27,817
Interest bearing time deposits 1,535 2,131
Available-for-sale securities 219,708 238,780
Loans held for sale 2,525 2,073
Loans, net of unearned income 1,000,212 962,075
Allowance for credit losses (15,786) (13,818)
Premises and equipment, net 21,378 22,829
Federal Reserve and Federal Home Loan Bank Stock, at cost 7,279 6,326
Foreclosed assets and other assets held for sale, net 511 777
Interest receivable 4,657 4,091
Goodwill 23,239 23,239
Cash value of life insurance 29,121 28,870
Mortgage servicing rights 13,906 13,503
Other assets 11,999 16,940
Total assets 1,343,249 1,335,633
Deposits    
Non interest bearing demand 228,713 256,799
Interest bearing demand 166,413 191,719
Savings 216,965 191,272
Money market 202,605 255,995
Time deposits 255,509 190,880
Total deposits 1,070,205 1,086,665
Repurchase agreements 13,387 14,923
Federal Home Loan Bank advances 83,600 60,000
Trust preferred securities 10,310 10,310
Subordinated debt net of issuance costs 19,642 19,594
Interest payable 2,443 769
Other liabilities 19,320 24,944
Total liabilities 1,218,907 1,217,205
Commitments & Contingent Liabilities
Shareholders’ Equity    
Preferred stock, no par value; authorized 200,000 shares; 2023 - 0 shares outstanding, 2022 - 0 shares outstanding
Common stock, no par value; 2023 - 10,500,000 shares authorized, 8,525,375 shares issued; 2022 - 10,500,000 shares authorized, 8,525,375 shares issued 61,319 61,319
Additional paid-in capital 15,124 15,087
Retained earnings 108,486 101,966
Accumulated other comprehensive loss (29,831) (32,120)
Treasury stock, at cost; (2023 - 1,756,733 common shares; 2022 - 1,589,913 common shares) (30,756) (27,824)
Total shareholders’ equity 124,342 118,428
Total liabilities and shareholders’ equity $ 1,343,249 $ 1,335,633