XML 19 R2.htm IDEA: XBRL DOCUMENT v3.24.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets:    
Cash and due from banks $ 28,949 $ 3,542
Interest-bearing deposits with financial institutions 83,000 25,549
Total cash and cash equivalents 111,949 29,091
Available-for-sale securities 344,040 420,862
Held-to-maturity securities (fair value of $197,176 in 2023; $187,280 in 2022) 224,233 222,744
Restricted investments in bank stock 3,905 5,268
Loans and leases, net (allowance for credit losses of $18,806 in 2023; $17,149 in 2022) 1,666,292 1,547,025
Loans held-for-sale (fair value $1,483 in 2023; $1,660 in 2022) 1,457 1,637
Foreclosed assets held-for-sale 1 168
Bank premises and equipment, net 34,232 31,307
Leased property under finance leases, net 1,173 1,089
Right-of-use assets 7,771 8,642
Cash surrender value of bank owned life insurance 54,572 54,035
Accrued interest receivable 9,092 8,487
Goodwill 19,628 19,628
Core deposit intangible, net 1,184 1,540
Other assets 23,630 26,849
Total assets 2,503,159 2,378,372
Liabilities:    
Interest-bearing 1,622,282 1,564,305
Non-interest-bearing 536,143 602,608
Total deposits 2,158,425 2,166,913
Allowance for credit losses on off-balance sheet credit exposures 944 49
Finance lease obligation 1,201 1,110
Operating lease liabilities 8,549 9,357
Short-term borrowings 117,000 12,940
Secured borrowings 7,372 7,619
Accrued interest payable and other liabilities 20,189 17,434
Total liabilities 2,313,680 2,215,422
Commitments and contingencies (Notes 13 and 17)
Shareholders' equity:    
Preferred stock authorized 5,000,000 shares with no par value; none issued 0 0
Capital stock, no par value (10,000,000 shares authorized; shares issued and outstanding; 5,703,636 at December 31, 2023; and 5,630,794 at December 31, 2022) 117,695 115,611
Retained earnings 128,251 119,754
Accumulated other comprehensive loss (56,467) (71,152)
Treasury stock, at cost (38 shares at December 31, 2023 and 32,663 shares at December 31, 2022) 0 (1,263)
Total shareholders' equity 189,479 162,950
Total liabilities and shareholders' equity $ 2,503,159 $ 2,378,372