v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 8,419 $ 13,564
Interest-bearing deposits 50,831 94,254
Federal funds sold 0 299
Total cash and cash equivalents 59,250 108,117
Securities available for sale, at fair value 654,377 601,898
Mortgage loans held for sale 0 619
Loans:    
Total loans 999,926 988,613
Less deferred fees and costs (616) (663)
Loans, net of deferred fees and costs 999,310 987,950
Less: allowance for credit losses on loans (9,892) (10,262)
Loans, net 989,418 977,688
Premises and equipment, net 18,479 16,826
Accrued interest receivable 6,538 6,469
Goodwill 10,718 10,718
Core deposit intangible, net 1,490 1,863
Bank-owned life insurance ("BOLI") 48,568 47,369
Other assets 35,668 40,068
Total assets 1,824,506 1,811,635
Liabilities and Stockholders’ Equity    
Noninterest-bearing demand deposits 313,022 290,088
Interest-bearing demand deposits 853,756 864,753
Savings deposits 142,645 143,109
Time deposits 317,510 346,802
Total deposits 1,626,933 1,644,752
Accrued interest payable 1,581 1,462
Other liabilities 11,084 9,013
Total liabilities 1,639,598 1,655,227
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, no par value, 5,000,000 shares authorized; none issued and outstanding
Common stock of $1.25 par value and additional paid-in capital. Authorized 10,000,000 shares; issued and outstanding 6,368,410 (including 5,039 unvested) shares as of December 31, 2025 and 6,363,371 (including 4,961 unvested) shares as of December 31, 2024 22,024 21,831
Retained earnings 202,558 196,343
Accumulated other comprehensive loss, net (39,674) (61,765)
Total stockholders’ equity 184,908 156,409
Total liabilities and stockholders’ equity 1,824,506 1,811,636
Real Estate Construction Portfolio Segment [Member]    
Loans:    
Total loans 40,694 50,798
Less: allowance for credit losses on loans (335) (348)
Consumer Real Estate Portfolio Segment [Member]    
Loans:    
Total loans 328,653 307,855
Less: allowance for credit losses on loans (3,804) (3,926)
Commercial Real Estate Portfolio Segment [Member]    
Loans:    
Total loans 467,783 478,078
Less: allowance for credit losses on loans (3,784) (4,299)
Commercial Non Real Estate Segment [Member]    
Loans:    
Total loans 52,018 51,844
Less: allowance for credit losses on loans (846) (655)
Public Sector and IDA Portfolio Segment [Member]    
Loans:    
Total loans 63,677 57,171
Less: allowance for credit losses on loans (306) (336)
Consumer Non Real Estate Portfolio Segment [Member]    
Loans:    
Total loans 47,101 42,867
Less: allowance for credit losses on loans $ (767) $ (648)