v3.25.2
Consolidated Statements of Condition - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 18,379 $ 107,744
Available for sale securities, amortized cost of $367,812 at June 30, 2025; $345,867 at December 31, 2024 336,973 308,648
Held to maturity securities, fair value of $90,063 at June 30, 2025; $111,112 at December 31, 2024 100,896 123,196
Less: Allowance for credit losses on held to maturity securities 40 40
Held to maturity securities, net 100,856 123,156
Other investments 350 350
Federal Home Loan Bank Stock, at cost 745 608
Loans 248,298 233,576
Less: Allowance for credit losses on loans and leases 2,966 2,982
Loans, net 245,332 230,594
Bank premises and equipment, net of accumulated depreciation 18,110 18,712
Other real estate   9
Accrued interest receivable 3,395 3,516
Cash surrender value of life insurance 22,345 22,026
Intangible asset 445 476
Other assets 14,410 16,010
Total assets 761,340 831,849
Liabilities:    
Demand, non-interest bearing 168,205 235,183
Savings and demand, interest bearing 435,510 434,680
Time, $250,000 or more 13,083 20,563
Other time deposits 27,513 30,304
Total deposits 644,311 720,730
Employee and director benefit plans liabilities 19,166 19,201
Other liabilities 1,353 1,917
Total liabilities 664,830 741,848
Shareholders' Equity:    
Common stock, $1 par value, 15,000,000 shares authorized, 4,617,466 shares issued and outstanding at June 30, 2025 and December 31, 2024 4,617 4,617
Surplus 65,780 65,780
Undivided profits 58,212 56,491
Accumulated other comprehensive loss (32,099) (36,887)
Total shareholders' equity 96,510 90,001
Total liabilities and shareholders' equity $ 761,340 $ 831,849