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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 7,818 $ 7,352
Interest-bearing demand deposits 29,960 33,418
Cash and cash equivalents 37,778 40,770
Available-for-sale securities, net of allowance of credit losses of $0 at September 30, 2024 and December 31, 2023 250,161 242,760
Loans, net of allowance for credit losses of $4,002 and $3,918 at September 30, 2024 and December 31, 2023, respectively 471,002 479,318
Premises and equipment 24,519 14,984
Federal Home Loan Bank stock 4,026 3,979
Foreclosed assets held for sale, net 3,381 3,377
Core deposit other intangible asset 160 260
Goodwill 682 682
Accrued interest receivable 3,846 4,098
Deferred federal income tax 2,716 2,409
Bank-owned life insurance 19,750 19,423
Other assets 7,461 7,389
Total assets 825,482 819,449
Deposits    
Demand 324,930 339,280
Savings 123,171 130,821
Time 167,718 151,358
Total deposits 615,819 621,459
Securities sold under repurchase agreements 36,123 26,781
Subordinated debentures 23,832 23,787
Advances Federal Home Loan Bank 75,000 75,000
Lease liability - finance lease 2,845 2,764
Interest payable and other liabilities 6,403 6,065
Total liabilities 760,022 755,856
Stockholders' Equity    
Preferred stock, no par value, authorized 2,000,000 shares; no shares issued 0 0
Common stock, $1 par value; authorized 10,000,000 shares; issued 6,203,141 shares at September 30, 2024, and 6,063,851 shares at December 31, 2023; outstanding - 5,788,893 and 5,702,685 shares at September 30, 2024 and December 31, 2023, respectively 6,203 6,064
Additional paid-in capital 26,204 25,913
Retained earnings 45,531 44,018
Stock held by deferred compensation plan; 177,385 and 181,803 shares at September 30, 2024 and December 31, 2023 (2,072) (2,363)
Accumulated other comprehensive loss (7,158) (7,478)
Treasury stock, at cost 236,863 and 179,363 shares- at September 30, 2024 and December 31, 2023, respectively (3,248) (2,561)
Total stockholders' equity 65,460 63,593
Total liabilities and stockholders' equity $ 825,482 $ 819,449