v3.26.1
Interim Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and due from banks $ 11,707 $ 9,401
Interest-bearing deposits in banks 47,230 64,146
Total cash and cash equivalents 58,937 73,547
Federal funds sold and securities purchased under reverse repurchase agreements 4,850 4,850
Investment securities available-for-sale, at fair value (amortized cost $168,469 and $169,037; net of allowance for credit losses of $- and $-) 165,578 168,075
Investment securities held-to-maturity, at amortized cost, net of allowance for credit losses of $- and $-, (fair value 2026 - $364, 2025 - $449) 381 465
Federal Home Loan Bank stock, at cost 1,779 791
Loans and leases held for investment 860,635 853,018
Less: allowance for credit losses on loans and leases 10,882 10,704
Net loans and leases held for investment [1] 849,753 842,314
Premises and equipment, net of accumulated depreciation 27,212 26,284
Cash surrender value of bank-owned life insurance 17,555 17,378
Accrued interest receivable 3,980 3,916
Goodwill and core deposit intangible, net 7,435 7,435
Other real estate owned 175 256
Other assets 9,984 9,474
Total assets 1,147,619 1,154,785
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Non-interest-bearing 149,800 153,809
Interest-bearing 848,156 874,153
Total deposits 997,956 1,027,962
Accrued interest expense 1,526 2,526
Other liabilities 7,870 7,704
Short-term borrowings 25,000  
Long-term borrowings 10,982 10,945
Total liabilities 1,043,334 1,049,137
Shareholders’ equity:    
Common stock, par value $0.01 per share, 10,000,000 shares authorized; 8,019,126 and 7,947,303 shares issued, respectively; 5,523,209 and 5,699,696 shares outstanding, respectively 80 79
Additional paid-in capital 16,411 16,005
Accumulated other comprehensive loss, net of tax (1,700) (780)
Retained earnings 124,166 121,249
Less treasury stock: 2,495,917 and 2,247,607 shares at cost, respectively (34,672) (30,905)
Total shareholders’ equity 104,285 105,648
Total liabilities and shareholders’ equity $ 1,147,619 $ 1,154,785
[1] Loans are presented net of unearned income and unamortized deferred fees and costs of $0.4 million and $0.6 million as of June 30, 2026 and December 31, 2025, respectively. Loans are also presented net of unamortized premiums associated with indirect loans of $17.0 million and $15.6 million as of June 30, 2026 and December 31, 2025, respectively.