v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 19,890 $ 18,824
Federal funds sold 2,236 9,264
Interest-bearing deposits and other short-term investments 18,255 38,362
Total cash and cash equivalents 40,381 66,450
Securities available-for-sale, at fair value (Amortized cost of $198,194 at December 31, 2025 and $191,940 at December 31, 2024) 175,800 160,704
Securities held-to-maturity, at amortized cost (Fair value of $158,504 at December 31, 2025 and $165,606 at December 31, 2024) 188,800 205,036
Marketable equity securities, at fair value 632 397
Total investment securities 365,232 366,137
Federal Home Loan Bank stock and other restricted stock, at amortized cost 5,359 5,818
Total Loans 2,183,592 2,070,189
Less: Allowance for credit losses (20,297) (19,529)
Net loans 2,163,295 2,050,660
Premises and equipment, net 23,345 24,421
Accrued interest receivable 8,783 8,468
Bank-owned life insurance 79,019 77,056
Deferred tax asset, net 12,716 13,997
Goodwill 12,487 12,487
Core deposit intangible 1,063 1,438
Other assets 24,800 26,158
TOTAL ASSETS 2,736,480 2,653,090
Deposits:    
Non-interest-bearing deposits 594,516 565,620
Interest-bearing deposits 1,766,392 1,697,027
Total deposits 2,360,908 2,262,647
Borrowings:    
Short-term borrowings 13,270 5,390
Long-term debt 73,000 98,000
Subordinated debt 19,790 19,751
Total borrowings 106,060 123,141
Securities pending settlement 242 8,622
Other liabilities 21,633 22,770
TOTAL LIABILITIES 2,488,843 2,417,180
SHAREHOLDERS' EQUITY:    
Preferred stock - $0.01 par value, 5,000,000 shares authorized, none outstanding at December 31, 2025 and December 31, 2024
Common stock - $0.01 par value, 75,000,000 shares authorized, 20,372,786 shares issued and outstanding at December 31, 2025; 20,875,713 shares issued and outstanding at December 31, 2024 204 209
Additional paid-in capital 114,515 119,326
Unearned compensation – Employee Stock Ownership Plan (“ESOP”) (1,443) (1,906)
Unearned compensation - Equity Incentive Plan (1,224) (1,190)
Retained earnings 152,302 142,745
Accumulated other comprehensive loss, net of tax (16,717) (23,274)
TOTAL SHAREHOLDERS’ EQUITY 247,637 235,910
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 2,736,480 $ 2,653,090