v3.25.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 10,813,000 $ 9,933,000
Interest-bearing deposits in other banks 28,240,000 7,321,000
Total cash and cash equivalents 39,053,000 17,254,000
Debt securities available-for-sale, at fair value 368,341,000 390,288,000
Marketable equity securities, at fair value 1,606,000 1,587,000
Restricted investment in bank stocks, at cost 8,944,000 8,984,000
Loans held for investment 959,666,000 947,714,000
Loans held for sale 104,000 737,000
Allowance for credit losses (7,762,000) (7,672,000)
Net loans 952,008,000 940,779,000
Premises and equipment, net 19,943,000 20,272,000
Operating lease right-of-use assets 1,380,000 1,400,000
Accrued interest receivable 4,954,000 4,993,000
Cash surrender value of bank owned life insurance 26,017,000 26,679,000
Investments in low-income housing partnerships 4,743,000 5,152,000
Deferred income taxes 7,434,000 7,725,000
Other assets 2,966,000 3,470,000
TOTAL ASSETS 1,437,389,000 1,428,583,000
LIABILITIES    
Non-interest bearing 202,977,000 203,583,000
Interest bearing 854,301,000 842,297,000
Total deposits 1,057,278,000 1,045,880,000
Short-term borrowings 129,551,000 134,426,000
Long-term borrowings 106,000,000 106,000,000
Subordinated debentures 25,000,000 25,000,000
Operating lease liabilities 1,908,000 1,920,000
Accrued interest payable 2,319,000 2,152,000
Other liabilities 7,786,000 6,423,000
TOTAL LIABILITIES 1,329,842,000 1,321,801,000
STOCKHOLDERS' EQUITY    
Preferred stock, par value $2.00 per share; authorized 1,000,000 shares as of June 30, 2025 and December 31, 2024; issued 0 as of June 30, 2025 and December 31, 2024 0 0
Common stock, par value $2.00 per share; authorized 20,000,000 shares as of June 30, 2025 and December 31, 2024; issued 6,450,392 as of June 30, 2025 and 6,450,392 as of December 31, 2024; outstanding 6,218,781 as of June 30, 2025 and 6,218,781 as of December 31, 2024 12,901,000 12,901,000
Surplus 45,072,000 45,072,000
Retained earnings 80,633,000 80,148,000
Accumulated other comprehensive loss (25,350,000) (25,630,000)
Treasury stock, at cost, 231,611 shares as of June 30, 2025 and December 31, 2024 (5,709,000) (5,709,000)
TOTAL STOCKHOLDERS' EQUITY 107,547,000 106,782,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,437,389,000 $ 1,428,583,000