v3.25.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 79,266 $ 82,018
Investment securities available for sale, net of allowance for credit losses of $0 at June 30, 2025 and December 31, 2024 439,676 437,735
Loans, less allowance for credit losses of $14,209 at June 30, 2025 and $13,196 at December 31, 2024 1,006,873 1,005,375
Other real estate owned 91 91
Premises and equipment, net 12,065 12,495
Right-of-use assets 23,912 24,334
Bank owned life insurance 16,736 16,519
Goodwill 5,502 5,502
Accrued interest receivable and other assets 44,396 39,257
Total assets 1,628,517 1,623,326
Deposits:    
Non-interest bearing 668,086 699,401
Interest bearing 698,741 671,700
Total deposits 1,366,827 1,371,101
Repurchase agreements 14,940 22,073
Lease liabilities 24,519 24,759
Accrued interest payable and other liabilities 14,152 12,493
Other borrowings 15,000 15,000
Total liabilities 1,435,438 1,445,426
Commitments and contingencies (Note 5)
Shareholders’ equity:    
Common stock, no par value; 22,500,000 shares authorized; issued and outstanding – 5,933,706 shares at June 30, 2025 and 5,903,368 at December 31, 2024 29,803 29,043
Retained earnings 183,954 174,002
Accumulated other comprehensive loss, net (20,678) (25,145)
Total shareholders’ equity 193,079 177,900
Total liabilities and shareholders’ equity $ 1,628,517 $ 1,623,326