XML 15 R2.htm IDEA: XBRL DOCUMENT v3.25.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and due from depository institutions $ 20,228 $ 13,891
Interest bearing deposits and short-term investments 4,805 3,855
Cash and cash equivalents 25,033 17,746
Investment securities, net of allowance for credit losses:    
Available for sale, at fair value (allowance for credit losses $1,000 on June 30, 2025 and $360 on December 31, 2024) 169,765 155,620
Held to maturity (fair value $63,280 on June 30, 2025 and $58,471 on December 31, 2024; allowance for credit losses $85 on June 30, 2025 and $89 on December 31, 2024) 67,555 63,837
Trading securities 4,205  
Loans held for sale 160 460
Loans (net of unearned income $462 on June 30, 2025 and $517 on December 31, 2024) 1,069,060 1,067,949
Less: Allowance for credit losses 14,060 13,912
Net loans 1,055,000 1,054,037
Premises and equipment:    
Operating lease right-of-use asset 1,489 1,550
Financing lease right-of-use asset 2,219 2,331
Other premises and equipment, net 13,775 14,228
Accrued interest income receivable 5,738 5,486
Intangible assets:    
Goodwill 13,611 13,611
Core deposit intangible 66 77
Bank owned life insurance 40,301 39,923
Net deferred tax asset 370 1,412
Federal Home Loan Bank stock 4,270 4,759
Federal Reserve Bank stock 2,161 2,125
Other real estate owned and repossessed assets 258 1,724
Other assets 42,757 43,436
TOTAL ASSETS 1,448,733 1,422,362
LIABILITIES    
Non-interest bearing deposits 203,016 171,622
Interest bearing deposits 1,041,517 1,029,373
Total deposits 1,244,533 1,200,995
Short-term borrowings 2,688 14,642
Advances from Federal Home Loan Bank 48,923 56,058
Operating lease liabilities 1,516 1,572
Financing lease liabilities 2,596 2,689
Subordinated debt 26,747 26,726
Total borrowed funds 82,470 101,687
Other liabilities 10,809 12,432
TOTAL LIABILITIES 1,337,812 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 June 30, 2025 and December 31, 2024 268 268
Treasury stock at cost, 10,256,822 shares on June 30, 2025 and December 31, 2024 (84,791) (84,791)
Capital surplus 146,372 146,372
Retained earnings 61,117 60,482
Accumulated other comprehensive loss (12,045) (15,083)
TOTAL SHAREHOLDERS' EQUITY 110,921 107,248
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,448,733 $ 1,422,362