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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from depository institutions $ 13,891 $ 9,678
Interest bearing deposits and short-term investments 3,855 4,349
Cash and cash equivalents 17,746 14,027
Investment securities, net of allowance for credit losses:    
Available for sale, at fair value (allowance for credit losses $360 on December 31, 2024 and $926 on December 31, 2023) 155,620 165,711
Held to maturity (fair value $58,471 on December 31, 2024 and $58,621 on December 31, 2023; allowance for credit losses $89 on December 31, 2024 and $37 on December 31, 2023) 63,837 63,979
Loans held for sale 460 130
Loans (net of unearned income $517 on December 31, 2024 and $483 on December 31, 2023) 1,067,949 1,038,271
Less: Allowance for credit losses 13,912 15,053
Net loans 1,054,037 1,023,218
Premises and equipment:    
Operating lease right-of-use asset 1,550 646
Financing lease right-of-use asset 2,331 2,384
Other premises and equipment, net 14,228 14,149
Accrued interest income receivable 5,486 5,529
Intangible assets:    
Goodwill 13,611 13,611
Core deposit intangible 77 101
Bank owned life insurance 39,923 39,560
Net deferred tax asset 1,412 2,679
Federal Home Loan Bank stock 4,759 5,210
Federal Reserve Bank stock 2,125 2,125
Other real estate owned and repossessed assets 1,724 15
Other assets 43,436 36,564
TOTAL ASSETS 1,422,362 1,389,638
LIABILITIES    
Non-interest bearing deposits 171,622 172,070
Interest bearing deposits 1,029,373 986,290
Total deposits 1,200,995 1,158,360
Short-term borrowings 14,642 40,951
Advances from Federal Home Loan Bank 56,058 44,562
Operating lease liabilities 1,572 658
Financing lease liabilities 2,689 2,700
Subordinated debt 26,726 26,685
Total borrowed funds 101,687 115,556
Other liabilities 12,432 13,445
TOTAL LIABILITIES 1,315,114 1,287,361
SHAREHOLDERS' EQUITY    
Common stock, par value $0.01 per share; 30,000,000 shares authorized; 26,776,089 shares issued and 16,519,267 shares outstanding on December 31, 2024 and 26,776,089 shares issued and 17,147,270 shares outstanding on December 31, 2023 268 268
Treasury stock at cost, 10,256,822 shares on December 31, 2024 and 9,628,819 shares on December 31, 2023 (84,791) (83,280)
Capital surplus 146,372 146,364
Retained earnings 60,482 58,901
Accumulated other comprehensive loss, net (15,083) (19,976)
TOTAL SHAREHOLDERS' EQUITY 107,248 102,277
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,422,362 $ 1,389,638