v3.25.2
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 18,078 $ 11,369
Interest-bearing deposits in banks 48,393 39,344
Total cash and cash equivalents 66,471 50,713
Investments:    
Available-for-sale (amortized cost $617,167 and $626,391) [1] 544,262 546,559
Restricted investment in stocks 5,772 5,436
Loans held-for-sale 1,166 664
Loans receivable 1,218,539 1,216,048
Allowance for credit losses on loans (9,169) (8,744)
Loans receivable, net 1,209,370 1,207,304
Bank-owned life insurance 12,106 11,937
Premises and equipment, net 16,818 17,255
Accrued interest receivable 5,002 4,965
Net deferred tax assets 16,803 18,325
Other assets 7,058 7,736
Total assets 1,884,828 1,870,894
Deposits    
Demand, non-interest bearing 201,460 183,499
Interest-bearing demand 519,916 537,846
Money market 259,143 250,293
Savings 281,629 275,445
Time less than $100 179,917 178,163
Time $100 through $250 155,566 156,614
Time greater than $250 54,036 46,681
Total deposits 1,651,667 1,628,541
Short-term borrowings 67,464 53,844
Long-term debt 0 30,000
Subordinated debt 39,168 39,068
Accrued interest payable 6,251 7,580
Other liabilities 7,009 8,512
Total liabilities 1,771,559 1,767,545
Shareholders' Equity    
Common stock, par value $0.625 per share; authorized 10,000,000 shares; 3,927,259 shares and 3,905,302 shares issued; 3,718,573 and 3,696,616 shares outstanding 2,455 2,441
Surplus 28,459 27,633
Retained earnings 143,601 139,958
Accumulated other comprehensive loss, net of tax (57,209) (62,646)
Treasury stock, at cost; 208,686 and 208,686 shares (4,037) (4,037)
Total shareholders' equity 113,269 103,349
Total liabilities and shareholders' equity $ 1,884,828 $ 1,870,894
[1] Includes derivatives designated as fair value hedges.