v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Jun. 30, 2025
Assets      
Cash and cash equivalents $ 29,759 $ 27,779 $ 27,360
Interest bearing deposits in other banks 2,715 4,124 3,253
Securities available for sale 276,032 264,480 278,248
Securities held-to-maturity (net of ACL), fair value of $311,221,000 at June 30, 2026, $315,482,000 at December 31, 2025 and $312,508,000 at June 30, 2025 351,991 355,928 367,873
Restricted equity securities, at cost 8,737 8,275 7,734
Loans held for sale 190 0 0
Loans 2,423,711 2,394,109 2,394,007
Less allowance for credit losses 24,555 25,365 24,829
Net loans 2,399,156 2,368,744 2,369,178
Accrued interest receivable 20,106 14,185 19,386
Premises and equipment, net 28,351 28,767 28,198
Goodwill 30,646 30,646 30,646
Other assets 68,414 63,375 67,634
Total assets 3,216,097 3,166,303 3,199,510
Liabilities      
Demand deposits 282,691 279,912 291,150
NOW deposits 645,223 689,083 590,536
Money market deposits 422,077 469,689 388,214
Savings deposits 250,182 248,805 256,584
Certificates of deposit 1,079,605 977,263 1,178,853
Total deposits 2,679,778 2,664,752 2,705,337
Borrowed funds – short term 178,569 92,321 101,170
Borrowed funds – long term 35,500 95,500 95,000
Other liabilities 29,290 30,587 32,511
Total liabilities 2,923,137 2,883,160 2,934,018
Shareholders' equity      
Common stock, one cent par value per share 113 112 112
Additional paid-in capital 74,829 73,714 72,795
Retained earnings 250,254 240,456 229,511
Accumulated other comprehensive income (loss)      
Net unrealized loss on securities available-for-sale (32,444) (31,341) (37,237)
Net unrealized loss on securities transferred from available-for-sale to held-to-maturity (32) (38) (60)
Net unrealized gain on cash flow hedging derivative instruments 0 0 84
Net unrealized gain on postretirement costs 240 240 287
Total shareholders' equity 292,960 283,143 265,492
Total liabilities & shareholders' equity $ 3,216,097 $ 3,166,303 $ 3,199,510
Common Stock      
Number of shares authorized (in shares) 18,000,000 18,000,000 18,000,000
Number of shares issued (in shares) 11,278,777 11,222,363 11,205,861
Number of shares outstanding (in shares) 11,278,777 11,222,363 11,205,861
Book value per common share (usd per share) $ 25.97 $ 25.23 $ 23.69
Tangible book value per common share (usd per share) $ 23.25 $ 22.49 $ 20.94