v3.25.2
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 4,874 $ 5,064
Interest bearing deposits with banks 7,237 5,934
Cash and cash equivalents 12,111 10,998
Equity securities 1,154 1,189
Debt securities available for sale 64,231 64,623
Debt securities held to maturity (fair value $182,845 and $182,773, respectively) 187,174 191,627
Restricted investment in bank stock 2,283 2,530
Total loans 556,319 533,869
Less: Allowance for credit losses (6,622) (6,183)
Total loans, net of allowance for credit losses 549,697 527,686
Premises and equipment, net 9,177 9,382
Bank owned life insurance and annuities 16,009 15,214
Investment in low income housing partnerships 671 832
Core deposit and other intangible assets 223 258
Goodwill 9,812 9,812
Mortgage servicing rights 65 69
Deferred tax asset, net 9,004 9,842
Accrued interest receivable and other assets 4,823 4,812
Total assets 866,434 848,874
Liabilities:    
Non-interest bearing 192,629 196,801
Interest bearing 566,678 551,156
Total deposits 759,307 747,957
Short-term borrowings and repurchase agreements 49,720 42,242
Long-term debt 0 5,000
Other interest bearing liabilities 776 830
Accrued interest payable and other liabilities 4,250 5,388
Total liabilities 814,053 801,417
Commitments and contingent liabilities
Stockholders' Equity:    
Preferred stock, no par value: Authorized - 500,000 shares, none issued 0 0
Common stock, par value $1.00 per share: Authorized 20,000,000 shares; Issued - 5,151,279 shares at June 30, 2025 and December 31, 2024; Outstanding - 5,018,799 shares at June 30, 2025 and 5,003,384 shares at December 31, 2024 5,151 5,151
Surplus 24,741 24,896
Retained earnings 54,840 53,126
Accumulated other comprehensive loss (30,211) (33,320)
Cost of common stock in Treasury: 132,480 shares at June 30, 2025; 147,895 shares at December 31, 2024 (2,140) (2,396)
Total stockholders' equity 52,381 47,457
Total liabilities and stockholders' equity $ 866,434 $ 848,874