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Interim Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 11,601 $ 12,987
Interest-bearing deposits in banks 46,619 37,292
Total cash and cash equivalents 58,220 50,279
Federal funds sold 5,520 9,475
Investment securities available-for-sale, at fair value 144,008 135,565
Investment securities held-to-maturity, at amortized cost 868 1,104
Federal Home Loan Bank stock, at cost 1,494 1,201
Loans and leases held for investment 819,126 821,791
Less allowance for credit losses on loans and leases 10,227 10,507
Net loans and leases held for investment 808,899 811,284
Premises and equipment, net of accumulated depreciation 24,896 24,398
Cash surrender value of bank-owned life insurance 16,875 16,702
Accrued interest receivable 3,787 3,976
Goodwill and core deposit intangible, net 7,532 7,606
Other real estate owned 542 602
Other assets 10,672 10,748
Total assets 1,083,313 1,072,940
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Non-interest-bearing 150,763 153,591
Interest-bearing 803,692 796,600
Total deposits 954,455 950,191
Accrued interest expense 2,026 2,030
Other liabilities 7,160 9,327
Short-term borrowings 15,000 10,000
Long-term borrowings 10,836 10,799
Total liabilities 989,477 982,347
Shareholders’ equity:    
Common stock, par value $0.01 per share, 10,000,000 shares authorized; 7,818,931 and 7,738,201 shares issued, respectively; 5,744,254 and 5,735,075 shares outstanding, respectively 78 75
Additional paid-in capital 15,200 14,972
Accumulated other comprehensive loss, net of tax (6,368) (6,431)
Retained earnings 113,615 109,959
Less treasury stock: 2,074,677 and 2,003,126 shares at cost, respectively (28,689) (27,982)
Total shareholders’ equity 93,836 90,593
Total liabilities and shareholders’ equity $ 1,083,313 $ 1,072,940