v3.25.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 22,587 $ 23,287
Federal funds sold 55,320 50,022
Total cash and cash equivalents 77,907 73,309
Securities held-to-maturity, at amortized cost 3,598 3,606
Securities available-for-sale, at fair value 196,585 187,916
Restricted stock, at cost 1,828 1,821
Loans, net of allowance for credit losses of $6,308 as of June 30, 2025 and $7,044 as of December 31, 2024 649,089 636,552
Loans held for sale 4,226 3,616
Premises and equipment, net 19,044 19,313
Interest receivable 3,148 3,065
Cash value - bank owned life insurance 23,285 22,907
Customer relationship intangibles 6,445 6,725
Goodwill 2,054 2,054
Deferred tax asset, net 7,774 8,936
Other assets 9,259 9,424
Total assets 1,004,242 979,244
Deposits    
Noninterest bearing demand 137,801 129,692
NOW, money market and savings 543,555 522,208
Time 229,171 230,504
Total deposits 910,527 882,404
Capital notes, net   10,048
Other borrowings 8,992 9,300
Income taxes payable 310 86
Interest payable 856 722
Other liabilities 11,892 11,819
Total liabilities 932,577 914,379
Stockholders’ equity    
Common stock $2.14 par value; authorized 10,000,000 shares; issued and outstanding 4,543,338 as of June 30, 2025 and December 31, 2024 9,723 9,723
Additional paid-in-capital 35,253 35,253
Accumulated other comprehensive loss (18,753) (22,915)
Retained earnings 45,442 42,804
Total stockholders’ equity 71,665 64,865
Total liabilities and stockholders’ equity $ 1,004,242 $ 979,244