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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 20,113 $ 17,883
Short-term interest-earning deposits in other banks 53,840 47,016
Total cash and cash equivalents 73,953 64,899
Long-term interest-earning deposits in other banks 7,728 13,975
Debt securities available for sale, at fair value 458,276 486,836
Equity securities 386 411
Restricted stock 2,294 644
Loans held for sale 792 283
Loans 1,206,850 1,051,041
Allowance for credit losses (15,528) (14,175)
Net Loans 1,191,322 1,036,866
Premises and equipment, net 29,026 30,026
Right of use asset 4,830 6,010
Bank owned life insurance 22,644 22,311
Goodwill 9,016 9,016
Deferred tax asset, net 14,877 15,630
Other assets 12,766 12,672
Total assets 1,827,910 1,699,579
Deposits    
Noninterest-bearing checking 295,181 299,231
Money management, savings, and interest checking 1,161,927 1,194,827
Time 110,306 57,390
Total deposits 1,567,414 1,551,448
Subordinate notes 19,653 19,623
Lease liability 4,960 6,144
Other liabilities 11,114 8,167
Total liabilities 1,713,141 1,585,382
Commitments and contingent liabilities
Shareholders' equity    
Common stock, $1 par value per share,15,000,000 shares authorized with 4,710,972 shares issued and 4,361,511 shares outstanding at September 30, 2023 and 4,710,972 shares issued and 4,390,397 shares outstanding at December 31, 2022 4,711 4,711
Capital stock no par value, 5,000,000 shares authorized with no shares issued and outstanding
Additional paid-in capital 43,512 43,535
Retained earnings 131,919 125,892
Accumulated other comprehensive loss (55,834) (51,287)
Treasury stock, 349,461 shares at September 30, 2023 and 320,575 shares at December 31, 2022, at cost (9,539) (8,654)
Total shareholders' equity 114,769 114,197
Total liabilities and shareholders' equity 1,827,910 $ 1,699,579
Federal Reserve Bank [Member]    
Deposits    
Borrowings and advances 70,000  
FHLB [Member]    
Deposits    
Borrowings and advances $ 40,000