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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 7,905 $ 8,171
Interest-bearing demand deposits 28,498 11,437
Cash and cash equivalents 36,403 19,608
Available-for-sale securities, net of allowance of allowance for credit losses of $0 at March 31, 2025 and December 31, 2024 229,843 240,631
Loans, net of allowance for credit losses of $4,095 and $4,026 at March 31, 2025 and December 31, 2024, respectively 492,771 486,945
Premises and equipment 24,967 23,599
Federal Home Loan Bank stock 4,026 4,026
Foreclosed assets held for sale, net 3,328 3,363
Core deposit other intangible asset 85 122
Goodwill 682 682
Accrued interest receivable 3,499 4,322
Deferred federal income tax 2,516 4,011
Bank-owned life insurance 19,954 19,852
Other assets 12,607 9,495
Total assets 830,681 816,656
Deposits    
Demand 323,030 320,690
Savings 124,244 125,120
Time 176,807 167,684
Total deposits 624,081 613,494
Securities sold under repurchase agreements 37,565 30,494
Subordinated debentures 23,863 23,847
Advances Federal Home Loan Bank 75,000 75,000
Lease liability - finance lease 2,893 2,873
Interest payable and other liabilities 6,478 7,491
Total liabilities 769,880 753,199
Stockholders' Equity    
Preferred stock, no par value, authorized 2,000,000 shares; no shares issued
Common stock, $1 par value; authorized 10,000,000 shares; issued 6,203,141 shares at March 31, 2025, and 6,203,141 shares at December 31, 2024; outstanding - 5,794,021 and 5,793,611 shares at March 31, 2025 and December 31, 2024, respectively 6,203 6,203
Additional paid-in capital 26,543 26,373
Retained earnings 46,046 46,307
Stock held by deferred compensation plan; 168,576 and 172,667 shares at March 31, 2025 and December 31, 2024, respectively (2,159) (2,078)
Accumulated other comprehensive loss (12,535) (10,100)
Treasury stock, at cost 240,544 and 236,863 shares at March 31, 2025 and December 31, 2024, respectively (3,297) (3,248)
Total stockholders' equity 60,801 63,457
Total liabilities and stockholders' equity $ 830,681 $ 816,656