v3.25.1
Consolidated Statements of Condition - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 95,434 $ 107,744
Available for sale securities, amortized cost of $403,251 at March 31, 2025; $345,867 at December 31, 2024 370,222 308,648
Held to maturity securities, fair value of $101,916 at March 31, 2025; $111,112 at December 31, 2024 112,628 123,196
Less: Allowance for credit losses on held to maturity securities 40 40
Held to maturity securities, net 112,588 123,156
Other investments 350 350
Federal Home Loan Bank Stock, at cost 614 608
Loans 231,645 233,576
Less: Allowance for credit losses 2,969 2,982
Loans, net 228,676 230,594
Bank premises and equipment, net of accumulated depreciation 18,310 18,712
Other real estate 9 9
Accrued interest receivable 3,308 3,516
Cash surrender value of life insurance 22,159 22,026
Intangible asset 460 476
Other assets 14,483 16,010
Total assets 866,613 831,849
Liabilities:    
Demand, non-interest bearing 188,749 235,183
Savings and demand, interest bearing 516,619 434,680
Time, $250,000 or more 16,958 20,563
Other time deposits 29,665 30,304
Total deposits 751,991 720,730
Employee and director benefit plans liabilities 19,165 19,201
Other liabilities 1,002 1,917
Total liabilities 772,158 741,848
Shareholders' Equity:    
Common stock, $1 par value, 15,000,000 shares authorized, 4,617,466 shares issued and outstanding at March 31, 2025 and December 31, 2024 4,617 4,617
Surplus 65,780 65,780
Undivided profits 57,801 56,491
Accumulated other comprehensive loss (33,743) (36,887)
Total shareholders' equity 94,455 90,001
Total liabilities and shareholders' equity $ 866,613 $ 831,849