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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 21,779 $ 19,505
Short-term interest-earning deposits in other banks 160,791 3,635
Total cash and cash equivalents 182,570 23,140
Long-term interest-earning deposits in other banks 3,989 6,229
Debt securities available for sale, at fair value 462,951 472,503
Equity securities 386 427
Restricted stock 10,295 2,375
Loans held for sale 281 213
Loans 1,277,595 1,256,985
Allowance for credit losses (16,533) (16,052)
Net Loans 1,261,062 1,240,933
Premises and equipment, net 28,897 28,543
Right of use asset 4,536 4,680
Bank owned life insurance 22,390 22,758
Goodwill 9,016 9,016
Deferred tax asset, net 11,880 11,801
Other assets 13,361 13,421
Total assets 2,011,614 1,836,039
Deposits    
Noninterest-bearing checking 291,893 273,050
Money management, savings, and interest checking 1,095,510 1,132,482
Time 171,909 132,446
Total deposits 1,559,312 1,537,978
Lease liability 4,678 4,816
Other liabilities 13,715 11,448
Total liabilities 1,877,377 1,703,903
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 4,393,873 shares outstanding at March 31, 2024 and 4,710,972 shares issued and 4,371,231 shares outstanding at December 31, 2023 4,711 4,711
Capital stock no par value, 5,000,000 shares authorized with no shares issued and outstanding
Additional paid-in capital 43,459 43,646
Retained earnings 135,955 133,993
Accumulated other comprehensive loss (41,234) (40,940)
Treasury stock, 317,099 shares at March 31, 2024 and 339,741 shares at December 31, 2023, at cost (8,654) (9,274)
Total shareholders' equity 134,237 132,136
Total liabilities and shareholders' equity 2,011,614 1,836,039
Federal Reserve Bank Borrowings [Member]    
Deposits    
Debt 40,000 90,000
Federal Home Loan Bank (FHLB) Advances [Member]    
Deposits    
Debt 240,000 40,000
Subordinated Notes [Member]    
Deposits    
Debt $ 19,672 $ 19,661