v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 9,401 $ 10,633
Interest-bearing deposits in banks 64,146 36,583
Total cash and cash equivalents 73,547 47,216
Federal funds sold and securities purchased under reverse repurchase agreements 4,850 5,727
Investment securities available-for-sale, at fair value (amortized cost $169,037 and $174,597; net of allowance for credit losses of $- and $-) 168,075 167,888
Investment securities held-to-maturity, at amortized cost, net of allowance for credit losses of $- and $-, (fair value 2025 - $449, 2024 - $642) 465 682
Federal Home Loan Bank stock, at cost 791 1,256
Loans and leases held for investment 853,018 823,039
Less allowance for credit losses on loans and leases 10,704 10,184
Net loans and leases held for investment [1] 842,314 812,855
Premises and equipment, net of accumulated depreciation 26,284 24,803
Cash surrender value of bank-owned life insurance 17,378 17,056
Accrued interest receivable 3,916 3,588
Goodwill and core deposit intangible, net 7,435 7,484
Other real estate owned 256 1,509
Other assets 9,474 11,022
Total assets 1,154,785 1,101,086
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Non-interest-bearing 153,809 155,945
Interest-bearing 874,153 816,612
Total deposits 1,027,962 972,557
Accrued interest expense 2,526 1,751
Other liabilities 7,704 7,282
Short-term borrowings 0 10,000
Long-term borrowings 10,945 10,872
Total liabilities 1,049,137 1,002,462
Shareholders’ equity:    
Common stock, par value $0.01 per share, 10,000,000 shares authorized; 7,947,303 and 7,840,348 shares issued, respectively; 5,699,696 and 5,696,171 outstanding, respectively 79 78
Additional paid-in capital 16,005 15,540
Accumulated other comprehensive loss, net of tax (780) (4,344)
Retained earnings 121,249 116,865
Less treasury stock: 2,247,607 and 2,144,177 shares at cost, respectively (30,905) (29,515)
Total shareholders’ equity 105,648 98,624
Total liabilities and shareholders’ equity $ 1,154,785 $ 1,101,086
[1] Loans are presented net of unearned income and unamortized deferred fees and costs of $0.6 million and $0.8 million as of December 31, 2025 and 2024, respectively. Loans are also presented net of unamortized premiums associated with indirect loans of $15.6 million and $10.6 million as of December 31, 2025 and 2024, respectively.