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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and due from depository institutions $ 19,765 $ 13,891
Interest bearing deposits and short-term investments 3,865 3,855
Cash and cash equivalents 23,630 17,746
Investment securities, net of allowance for credit losses:    
Available for sale, at fair value (allowance for credit losses $1,000 on March 31, 2025 and $360 on December 31, 2024) 164,195 155,620
Held to maturity (fair value $62,656 on March 31, 2025 and $58,471 on December 31, 2024; allowance for credit losses $96 on March 31, 2025 and $89 on December 31, 2024) 67,259 63,837
Loans held for sale   460
Loans (net of unearned income $513 on March 31, 2025 and $517 on December 31, 2024) 1,062,326 1,067,949
Less: Allowance for credit losses 13,812 13,912
Net loans 1,048,514 1,054,037
Premises and equipment:    
Operating lease right-of-use asset 1,504 1,550
Financing lease right-of-use asset 2,275 2,331
Other premises and equipment, net 13,995 14,228
Accrued interest income receivable 5,817 5,486
Intangible assets:    
Goodwill 13,611 13,611
Core deposit intangible 71 77
Bank owned life insurance 39,729 39,923
Net deferred tax asset 688 1,412
Federal Home Loan Bank stock 4,507 4,759
Federal Reserve Bank stock 2,161 2,125
Other real estate owned and repossessed assets 297 1,724
Other assets 43,271 43,436
TOTAL ASSETS 1,431,524 1,422,362
LIABILITIES    
Non-interest bearing deposits 176,595 171,622
Interest bearing deposits 1,040,243 1,029,373
Total deposits 1,216,838 1,200,995
Short-term borrowings 10,373 14,642
Advances from Federal Home Loan Bank 52,748 56,058
Operating lease liabilities 1,528 1,572
Financing lease liabilities 2,643 2,689
Subordinated debt 26,736 26,726
Total borrowed funds 94,028 101,687
Other liabilities 9,899 12,432
TOTAL LIABILITIES 1,320,765 1,315,114
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 March 31, 2025 and December 31, 2024 268 268
Treasury stock at cost, 10,256,822 shares on March 31, 2025 and December 31, 2024 (84,791) (84,791)
Capital surplus 146,372 146,372
Retained earnings 61,894 60,482
Accumulated other comprehensive loss, net (12,984) (15,083)
TOTAL SHAREHOLDERS' EQUITY 110,759 107,248
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,431,524 $ 1,422,362