v3.25.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 153,040,000 $ 138,481,000
Federal funds sold 45,820,000 30,270,000
Cash and cash equivalents 198,860,000 168,751,000
Securities - available for sale 503,347,000 526,496,000
Securities - equity investments 3,292,000 3,169,000
Loans, net of allowance for credit losses of $11,430 and $11,460 at June 30, 2025 and December 31, 2024, respectively 1,096,549,000 1,093,514,000
Cash surrender value of life insurance 38,145,000 37,558,000
Bank premises and equipment, net 18,423,000 16,319,000
Goodwill and other intangible assets, net 3,352,000 3,390,000
Deferred tax asset 18,105,000 15,501,000
Interest receivable and other assets 40,836,000 35,906,000
Assets 1,920,909,000 1,900,604,000
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Deposits 1,711,241,000 1,695,690,000
Interest payable and other liabilities 23,863,000 21,478,000
Total liabilities 1,735,104,000 1,717,168,000
Shareholders’ equity    
Common stock, no par value; 50,000,000 shares authorized, 8,382,062 and 8,357,211 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 25,435,000 25,435,000
Additional paid-in capital 6,394,000 6,199,000
Retained earnings 183,880,000 175,502,000
Accumulated other comprehensive loss, net of tax (29,904,000) (23,700,000)
Total shareholders’ equity 185,805,000 183,436,000
Liabilities and Equity $ 1,920,909,000 $ 1,900,604,000