v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Assets    
Cash and due from banks $ 14,500 $ 13,942
Interest-bearing deposits with other institutions 94,974 103,984
Federal funds sold 80,293 99,268
Total cash and cash equivalents 189,767 217,194
Securities available for sale, at fair value, amortized cost of $122,916 and $126,197, respectively 115,370 119,543
Restricted investments, at cost 1,875 3,786
Loans held for sale 5,214 4,786
Loans 1,458,859 1,473,077
Allowance for credit losses (17,326) (15,320)
Net Loans 1,441,533 1,457,757
Bank premises and equipment, net 14,911 14,906
Bank owned life insurance 32,004 31,720
Other assets 37,686 38,934
Total assets 1,838,360 1,888,626
Deposits:    
Noninterest bearing demand deposits 455,107 432,171
Savings and interest bearing demand deposits 728,322 728,545
Time deposits 414,790 446,644
Total deposits 1,598,219 1,607,360
Federal Home Loan Bank advances, long-term 0 40,000
Subordinated debt, net of unamortized issuance costs 29,596 29,579
Other liabilities 20,219 22,848
Total liabilities 1,648,034 1,699,787
Commitments and contingencies
Shareholders’ Equity    
Preferred stock, $10 par value; 500,000 shares authorized and unissued 0 0
Common stock, $2.50 par value; authorized 10,000,000 shares; issued and outstanding 2026, 5,412,376 including 87,673 shares of unvested restricted stock; issued and outstanding 2025, 5,374,205 including 68,476 shares of unvested restricted stock 13,311 13,264
Surplus 64,802 64,720
Retained earnings 118,178 116,115
Accumulated other comprehensive loss (5,965) (5,260)
Total shareholders’ equity 190,326 188,839
Total liabilities and shareholders’ equity $ 1,838,360 $ 1,888,626