XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Assets:    
Cash and Cash Equivalents $ 128,284,000 $ 28,502,000
Certificates of Deposit with Other Banks 2,350,000 1,100,000
Investment Securities:    
Available For Sale ("AFS") 537,640,000 550,148,000
Held To Maturity ("HTM") (Fair Value of $158,540 and $161,464 at December 31, 2023 and December 31, 2022, Respectively) 163,072,000 167,438,000
Total Investments 700,712,000 717,586,000
Loans Receivable, Net:    
Held For Sale 967,000 913,000
Held For Investment (Net of Allowance of $12,569 and $11,178 at December 31, 2023 and December 31, 2022, Respectively) 621,562,000 549,004,000
Total Loans Receivable, Net 622,529,000 549,917,000
Accrued Interest Receivable 5,512,000 4,811,000
Operating Lease Right-of-Use Assets 1,402,000 1,861,000
Land Held for Sale 938,000 1,097,000
Premises and Equipment, Net 28,637,000 27,960,000
Federal Home Loan Bank ("FHLB") Stock, at Cost 922,000 651,000
Other Real Estate Owned ("OREO") 0 120,000
Bank Owned Life Insurance ("BOLI") 27,954,000 27,318,000
Goodwill 1,200,000 1,200,000
Other Assets 29,231,000 19,243,000
Total Assets 1,549,671,000 1,381,366,000
Liabilities:    
Deposit Accounts 1,194,997,000 1,110,085,000
Borrowings from Federal Reserve Bank ("FRB") 119,200,000 44,080,000
Other Borrowings 19,180,000 27,588,000
Junior Subordinated Debentures 5,155,000 5,155,000
Subordinated Debentures 26,500,000 26,500,000
Operating Lease Liabilities 1,442,000 1,904,000
Other Liabilities 10,835,000 5,821,000
Total Liabilities 1,377,309,000 1,221,133,000
Commitments (Note 18)
Shareholders' Equity:    
Senior Non-Cumulative Perpetual Preferred Stock, Series ECIP, $1,000 Par Value; (82,949 Shares Authorized, Issued and Outstanding at December 31, 2023 and December 31, 2022) 82,949,000 82,949,000
Common Stock, $0.01 Par Value; 5,000,000 Shares Authorized; 3,456,136 Shares Issued and 3,228,777 Shares Outstanding at December 31, 2023 and 3,453,817 Shares Issued and 3,252,884 Shares Outstanding at December 31, 2022 35,000 35,000
Additional Paid-In Capital ("APIC") 18,287,000 18,230,000
Treasury Stock, at Cost (227,359 and 200,933 Shares Outstanding at December 31, 2023 and December 31, 2022, Respectively) (4,913,000) (4,331,000)
Accumulated Other Comprehensive Loss ("AOCL") (35,050,000) (40,779,000)
Retained Earnings 111,054,000 104,129,000
Total Shareholders' Equity 172,362,000 160,233,000
Total Liabilities and Shareholders' Equity $ 1,549,671,000 $ 1,381,366,000