v3.25.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 43,734 $ 42,101
Interest bearing deposits in other banks 97,549 20,635
Marketable equity securities 8,747 8,719
Investment securities available for sale, at fair value 429,421 478,617
Investment securities held to maturity, at amortized cost 36,750 36,750
Investment in Federal Home Loan Bank stock 8,343 5,331
Loans held for sale 127,116 59,957
Loans 2,202,115 2,129,263
Allowance for credit losses, loans (22,585) (22,020)
Net loans 2,179,530 2,107,243
Purchased receivables, net 109,098 74,078
Premises and equipment, net 36,501 37,757
Operating lease right-of-use assets 7,033 7,455
Goodwill 49,874 50,018
Other intangible assets, net 950 950
Other assets 81,608 85,819
Total assets 3,243,760 3,041,869
Deposits:    
Demand 777,948 706,225
Interest-bearing demand 1,196,048 1,108,404
Savings 248,141 250,900
Money market 196,166 196,290
Certificates of deposit less than $250,000 195,292 201,296
Certificates of deposit $250,000 and greater 195,575 217,074
Total deposits 2,809,170 2,680,189
Borrowings 63,026 23,045
Junior subordinated debentures 10,310 10,310
Operating lease liabilities 7,077 7,487
Other liabilities 63,958 53,722
Total liabilities 2,953,541 2,774,753
SHAREHOLDERS' EQUITY    
Preferred stock, $1 par value, 2,500,000 shares authorized, none issued or outstanding 0 0
Common stock, $1 par value, 10,000,000 shares authorized, 5,522,271 and 5,518,210 issued and outstanding at June 30, 2025 and December 31, 2024, respectively 5,522 5,518
Additional paid-in capital 9,837 9,311
Retained earnings 277,255 259,311
Accumulated other comprehensive loss, net of tax (2,395) (7,024)
Total shareholders' equity 290,219 267,116
Total liabilities and shareholders' equity 3,243,760 3,041,869
Mortgage servicing rights    
ASSETS    
Mortgage servicing rights, at fair value $ 27,506 $ 26,439