v3.26.1
Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and due from banks $ 30,125 $ 25,179
Interest-bearing deposits at other financial institutions 751 1,276
Federal funds sold 78,405 136,301
Cash and cash equivalents 109,281 162,756
Investment securities available-for-sale (AFS), at fair value 57,114 57,954
Investment securities held-to-maturity (HTM), at amortized cost, net of allowance for credit losses of $0 and $0, respectively 13,785 13,798
Restricted securities, at amortized cost 6,998 7,005
Loans, net of allowance for credit losses of $19,306 and $19,308, respectively 1,928,372 1,841,833
Premises and equipment, net 13,192 13,608
Property held for sale, at fair value 2,760 2,728
Other real estate owned, net 900 1,697
Accrued interest and other receivables 14,575 14,518
Bank owned life insurance 41,396 40,752
Other assets 54,712 56,020
Total Assets 2,243,085 2,212,669
Liabilities    
Non-interest bearing demand deposits 363,883 378,694
Interest-bearing demand deposits 114,087 119,407
Savings and NOW deposits 144,783 121,905
Money market deposits 542,687 499,334
Time deposits 768,865 779,844
Total deposits 1,934,305 1,899,184
Subordinated debt, net 70,100 69,936
Allowance for credit losses on off-balance sheet credit exposure 546 335
Other liabilities 23,698 24,623
Total Liabilities 2,028,649 1,994,078
Stockholders’ Equity    
Preferred stock, $1.00 par value, 2,000,000 shares authorized; 28,750 shares issued and outstanding at June 30, 2026 and December 31, 2025 27,263 27,263
Common stock, $4.00 par value, 15,000,000 shares authorized; issued and outstanding 7,117,438 shares (including 259,985 nonvested shares) at June 30, 2026 and 7,496,571 shares (including 244,964 nonvested shares) at December 31, 2025 27,431 29,008
Capital surplus 57,484 66,531
Retained earnings 107,777 101,557
Accumulated other comprehensive loss (5,519) (5,768)
Total Stockholders’ Equity 214,436 218,591
Total Liabilities and Stockholders’ Equity $ 2,243,085 $ 2,212,669