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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 25,760 $ 23,287
Federal funds sold 69,206 50,022
Total cash and cash equivalents 94,966 73,309
Securities held-to-maturity, at amortized cost (fair value of $3,237 as of March 31, 2025 and $3,170 as of December 31, 2024) net of allowance for credit loss of $0 as of March 31, 2025 and December 31, 2024 3,602 3,606
Securities available-for-sale, at fair value 192,780 187,916
Restricted stock, at cost 1,821 1,821
Loans, net of allowance for credit losses of $7,021 as of March 31, 2025 and $7,044 as of December 31, 2024 642,388 636,552
Loans held for sale 4,739 3,616
Premises and equipment, net 19,257 18,959
Interest receivable 2,970 3,065
Cash value - bank owned life insurance 23,095 22,907
Customer relationship intangibles 6,585 6,725
Goodwill 2,054 2,054
Other assets 17,469 18,714
Total assets 1,011,726 979,244
Deposits    
Noninterest bearing demand 138,619 129,692
NOW, money market and savings 560,300 522,208
Time deposits 212,764 230,504
Total deposits 911,683 882,404
Capital notes, net 10,049 10,048
Other borrowings 9,146 9,300
Interest payable 688 722
Other liabilities 11,812 11,905
Total liabilities 943,378 914,379
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 March 31, 2025 and December 31, 2024 9,723 9,723
Additional paid-in-capital 35,253 35,253
Retained earnings 43,191 42,804
Accumulated other comprehensive loss (19,819) (22,915)
Total stockholders’ equity 68,348 64,865
Total liabilities and stockholders’ equity $ 1,011,726 $ 979,244