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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 12,987 $ 11,844
Interest-bearing deposits in banks 37,292 18,308
Total cash and cash equivalents 50,279 30,152
Federal funds sold 9,475 1,768
Investment securities available-for-sale, at fair value 135,565 130,795
Investment securities held-to-maturity, at amortized cost 1,104 1,862
Federal Home Loan Bank stock, at cost 1,201 1,359
Loans and leases held for investment 821,791 773,873
Less allowance for credit losses on loans and leases 10,507 9,422
Net loans and leases held for investment 811,284 764,451
Premises and equipment, net of accumulated depreciation 24,398 24,439
Cash surrender value of bank-owned life insurance 16,702 16,399
Accrued interest receivable 3,976 3,011
Goodwill and core deposit intangible, net 7,606 7,801
Other real estate owned 602 686
Other assets 10,748 11,944
Total assets 1,072,940 994,667
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Non-interest-bearing 153,591 169,822
Interest-bearing 796,600 700,203
Total deposits 950,191 870,025
Accrued interest expense 2,030 607
Other liabilities 9,327 8,136
Short-term borrowings 10,000 20,038
Long-term borrowings 10,799 10,726
Total liabilities 982,347 909,532
Shareholders’ equity:    
Common stock, par value $0.01 per share, 10,000,000 shares authorized; 7,738,201 and 7,680,856 shares issued, respectively; 5,735,075 and 5,812,258 shares outstanding, respectivelytively 75 75
Additional paid-in capital 14,972 14,510
Accumulated other comprehensive loss, net of tax (6,431) (7,241)
Retained earnings 109,959 104,460
Less treasury stock: 2,003,126 and 1,868,598 shares at cost, respectively (27,982) (26,669)
Total shareholders’ equity 90,593 85,135
Total liabilities and shareholders’ equity $ 1,072,940 $ 994,667