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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 19,505 $ 17,883
Short-term interest-earning deposits in other banks 3,635 47,016
Total cash and cash equivalents 23,140 64,899
Long-term interest-earning deposits in other banks 6,229 13,975
Debt securities available for sale, at fair value 472,503 486,836
Equity securities 427 411
Restricted stock 2,375 644
Loans held for sale 213 283
Loans 1,256,985 1,051,041
Allowance for loan losses (16,052) (14,175)
Net Loans 1,240,933 1,036,866
Premises and equipment, net 28,543 30,026
Right of use asset 4,680 6,010
Bank owned life insurance 22,758 22,311
Goodwill 9,016 9,016
Deferred tax asset, net 11,801 15,630
Other assets 13,421 12,672
Total assets 1,836,039 1,699,579
Deposits    
Non-interest bearing checking 273,050 299,231
Money management, savings and interest checking 1,132,482 1,194,827
Time 132,446 57,390
Total deposits 1,537,978 1,551,448
Subordinate notes 19,661 19,623
Lease liability 4,816 6,144
Other liabilities 11,448 8,167
Total liabilities 1,703,903 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 4,371,231 shares outstanding at December 31, 2023 and 4,710,972 shares issued and 4,390,397 shares outstanding at December 31, 2022 4,711 4,711
Capital stock without par value, 5,000,000 shares authorized with no shares issued and outstanding
Additional paid-in capital 43,646 43,535
Retained earnings 133,993 125,892
Accumulated other comprehensive (loss) income (40,940) (51,287)
Treasury stock, 339,741 shares at December 31, 2023 and 320,575 shares at December 31, 2022, at cost (9,274) (8,654)
Total shareholders' equity 132,136 114,197
Total liabilities and shareholders' equity 1,836,039 $ 1,699,579
Federal Reserve Bank [Member]    
Deposits    
Borrowings and advances 90,000  
FHLB [Member]    
Deposits    
Borrowings and advances $ 40,000