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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 25,928 $ 22,965
Interest bearing time deposits 1,565 1,535
Available-for-sale securities 201,587 219,708
Loans held for sale 6,770 2,525
Loans, net of unearned income 1,046,735 1,000,212
Allowance for credit losses (15,096) (15,786)
Premises and equipment, net 20,456 21,378
Federal Reserve and Federal Home Loan Bank Stock, at cost 5,223 7,279
Foreclosed assets and other assets held for sale, net 511
Interest receivable 4,908 4,657
Goodwill 23,239 23,239
Cash value of life insurance 30,685 29,121
Mortgage servicing rights 14,868 13,906
Other assets 12,649 11,999
Total assets 1,379,517 1,343,249
Liabilities    
Non interest bearing demand 232,155 228,713
Interest bearing demand 201,085 166,413
Savings 237,987 216,965
Money market 222,161 202,605
Time deposits 259,217 255,509
Total deposits 1,152,605 1,070,205
Repurchase agreements 10,585 13,387
Federal Home Loan Bank advances 35,000 83,600
Trust preferred securities 10,310 10,310
Subordinated debt net of issuance costs 19,690 19,642
Interest payable 2,351 2,443
Other liabilities 21,468 19,320
Total liabilities 1,252,009 1,218,907
Commitments & Contingent Liabilities
Shareholders’ Equity    
Preferred stock, no par value; authorized 200,000 shares; 2024 - 0 shares outstanding, 2023 - 0 shares outstanding
Common stock, no par value; 2024 - 10,500,000 shares authorized, 8,525,375 shares issued; 2023 - 10,500,000 shares authorized, 8,525,375 shares issued 61,319 61,319
Additional paid-in capital 15,194 15,124
Retained earnings 116,186 108,486
Accumulated other comprehensive loss (30,234) (29,831)
Treasury stock, at cost; (2024 - 1,977,538 common shares; 2023 - 1,756,733 common shares) (34,957) (30,756)
Total shareholders’ equity 127,508 124,342
Total liabilities and shareholders’ equity $ 1,379,517 $ 1,343,249