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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 23,287 $ 25,613
Federal funds sold 50,022 49,225
Total cash and cash equivalents 73,309 74,838
Securities held-to-maturity, at amortized cost (fair value of $3,170 and $3,231 as of December 31, 2024 and 2023), net of allowance for credit loss of $0 in 2024 and 2023 3,606 3,622
Securities available-for-sale, at fair value 187,916 216,510
Restricted stock, at cost 1,821 1,541
Loans, net of allowance for credit losses of $7,044 in 2024 and $7,412 in 2023 636,552 601,921
Loans held for sale 3,616 1,258
Premises and equipment, net 18,959 18,141
Interest receivable 3,065 2,835
Cash value - bank owned life insurance 22,907 21,586
Customer relationship intangibles 6,725 7,285
Goodwill 2,054 2,054
Other assets 18,714 17,780
Total assets 979,244 969,371
Deposits    
Noninterest bearing demand 129,692 134,275
NOW, money market and savings 522,208 538,229
Time deposits 230,504 205,955
Total deposits 882,404 878,459
Capital notes, net 10,048 10,042
Other borrowings 9,300 9,890
Interest payable 722 480
Other liabilities 11,905 10,461
Total liabilities 914,379 909,332
Commitments and Contingencies
Stockholders’ equity    
Preferred stock; authorized 1,000,000 shares; none issued and outstanding
Common stock $2.14 par value; authorized 10,000,000 shares; issued and outstanding 4,543,338 as of December 31, 2024 and 2023 9,723 9,723
Additional paid-in-capital 35,253 35,253
Retained earnings 42,804 36,678
Accumulated other comprehensive loss (22,915) (21,615)
Total stockholders’ equity 64,865 60,039
Total liabilities and stockholders’ equity $ 979,244 $ 969,371