v3.25.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 9,415 $ 5,945
Interest-bearing deposits in other banks 107,511 116,524
Total cash and cash equivalents 116,926 122,469
Securities available-for-sale, at fair value 125,498 130,257
Securities held-to-maturity at amortized cost, fair value of $77,448 and $76,270 as of June 30, 2025 and December 31, 2024, respectively 90,264 92,009
Securities held-to-maturity, net 90,264 92,009
Restricted securities, at cost 7,637 7,634
Equity securities, at fair value 3,096 2,832
Loans, net of unearned income 1,916,915 1,872,173
Less: Allowance for loan credit losses (19,298) (18,715)
Loans, net 1,897,617 1,853,458
Bank premises and equipment, net 1,519 1,318
Accrued interest receivable 5,844 5,996
Right of use assets 4,449 5,013
Other assets 15,103 13,961
Total assets 2,267,953 2,234,947
Deposits:    
Non-interest bearing demand deposits 438,628 433,288
Interest-bearing demand deposits 681,230 705,097
Savings deposits 42,966 44,367
Time deposits 734,069 709,663
Total deposits 1,896,893 1,892,415
Federal funds purchased 16,500  
Federal Home Loan Bank advances 56,000 56,000
Subordinated debt 24,833 24,791
Accrued interest payable 2,280 2,394
Lease liabilities 4,800 5,369
Other liabilities 12,915 7,364
Total liabilities 2,014,221 1,988,333
Commitments and contingencies (Note 7)
Shareholders' Equity    
Preferred stock, par value $0.01 per share; authorized 1,000,000 shares; none issued
Additional paid-in capital 96,485 97,173
Retained earnings 165,594 159,951
Accumulated other comprehensive loss (8,489) (10,652)
Total shareholders' equity 253,732 246,614
Total liabilities and shareholders' equity 2,267,953 2,234,947
Common stock, voting    
Shareholders' Equity    
Common stock $ 142 $ 142