v3.25.2
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 21,700 $ 27,536
Short-term investments 107,209 141,606
Cash and cash equivalents 128,909 169,142
Debt securities available-for-sale (at fair value) 24,534 25,693
Federal Home Loan Bank stock, at cost 2,242 2,697
Total loans 1,314,265 1,326,595
Allowance for credit losses for loans (20,796) (21,087)
Net loans 1,293,469 1,305,508
Bank owned life insurance 46,679 46,017
Premises and equipment, net 10,127 10,188
Accrued interest receivable 4,877 5,296
Right-of-use assets 5,488 3,429
Deferred tax asset, net 12,631 13,808
Other assets 11,925 11,392
Total assets 1,540,881 1,593,170
Deposits:    
Noninterest-bearing 287,927 351,528
Interest-bearing 970,051 957,432
Total deposits 1,257,978 1,308,960
Borrowings:    
Short-term borrowings 25,000 35,000
Long-term borrowings 9,495 9,563
Total borrowings 34,495 44,563
Operating lease liabilities 5,939 3,862
Commitments and contingencies 350 0
Other liabilities 4,748 4,698
Total liabilities 1,303,510 1,362,083
Shareholders' equity:    
Preferred stock, $0.01 par value, 50,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.01 par value, 100,000,000 shares authorized; 17,785,538 and 17,788,543 shares issued and outstanding at June 30, 2025 and December 31, 2024 178 178
Additional paid-in capital 126,329 125,446
Retained earnings 118,555 113,561
Accumulated other comprehensive loss (1,578) (1,625)
Unearned compensation - ESOP (6,113) (6,473)
Total shareholders' equity 237,371 231,087
Total liabilities and shareholders' equity $ 1,540,881 $ 1,593,170