XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 33,364 $ 27,457
Interest bearing deposits in other banks 21,058 91,073
Investment securities available for sale, at fair value 584,964 637,936
Marketable equity securities 12,381 13,153
Investment securities held to maturity, at amortized cost 36,750 36,750
Investment in Federal Home Loan Bank stock 4,929 2,980
Loans held for sale 85,926 31,974
Loans 1,875,907 1,789,497
Allowance for credit losses, loans (17,694) (17,270)
Net loans 1,858,213 1,772,227
Purchased receivables, net 25,722 36,842
Premises and equipment, net 40,393 40,693
Operating lease right-of-use assets 8,244 9,092
Goodwill 15,017 15,017
Other intangible assets, net 950 950
Other assets 72,680 71,789
Total assets 2,821,668 2,807,497
Deposits:    
Demand 704,471 749,683
Interest-bearing demand 906,010 927,291
Savings 238,156 255,338
Money market 195,159 221,492
Certificates of deposit less than $250,000 223,559 189,106
Certificates of deposit $250,000 and greater 196,451 142,145
Total deposits 2,463,806 2,485,055
Borrowings 43,961 13,675
Junior subordinated debentures 10,310 10,310
Operating lease liabilities 8,269 9,092
Other liabilities 48,122 54,647
Total liabilities 2,574,468 2,572,779
SHAREHOLDERS' EQUITY    
Preferred stock, $1 par value, 2,500,000 shares authorized, none issued or outstanding 0 0
Common stock, $1 par value, 10,000,000 shares authorized, 5,501,562 and 5,513,459 issued and outstanding at June 30, 2024 and December 31, 2023, respectively 5,502 5,513
Additional paid-in capital 9,208 9,605
Retained earnings 246,475 236,037
Accumulated other comprehensive loss, net of tax (13,985) (16,437)
Total shareholders' equity 247,200 234,718
Total liabilities and shareholders' equity 2,821,668 2,807,497
Mortgage servicing rights    
ASSETS    
Mortgage servicing rights, at fair value $ 21,077 $ 19,564