v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 175,606 $ 150,334
Investment securities - available-for-sale (amortized cost $478,824, net of allowance for credit losses of $0 at June 30, 2025 and $519,567, net of allowance for credit losses of $0 at December 31, 2024) 410,814 443,775
Restricted investment in bank stocks 5,618 9,716
Loans 1,917,802 1,815,751
Allowance for credit losses (28,408) (26,077)
Loans, net 1,889,394 1,789,674
Premises and equipment, net 14,949 15,808
Accrued interest receivable 10,465 6,680
Bank owned life insurance 35,398 42,257
Goodwill 5,359 5,359
Intangible assets 678 821
Other assets 57,982 45,503
TOTAL ASSETS 2,606,263 2,509,927
Deposits:    
Noninterest bearing 687,120 651,135
Interest bearing 1,589,603 1,502,224
Total deposits 2,276,723 2,153,359
FHLB advances, short term 21,000 113,500
FHLB advances, long term 10,000 10,000
Subordinated notes, net of issuance costs 19,626 19,591
Accrued expenses and other liabilities 26,325 27,946
TOTAL LIABILITIES 2,353,674 2,324,396
STOCKHOLDERS' EQUITY    
Common stock, $0.25 par value; 30,000,000 shares authorized; 13,370,929 and 11,366,608 issued; 13,362,912 and 11,350,158 outstanding, at June 30, 2025 and December 31, 2024, respectively 3,343 2,842
Surplus 164,752 120,896
Retained Earnings 146,129 129,919
Accumulated other comprehensive income (loss), net of taxes (61,436) (67,751)
Treasury stock, at cost; 8,017 and 16,450 shares at June 30, 2025 and December 31, 2024, respectively (199) (375)
TOTAL STOCKHOLDERS' EQUITY 252,589 185,531
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,606,263 $ 2,509,927