v3.26.1
CONSOLIDATED BALANCE SHEETS - UNAUDITED - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and due from banks $ 22,819 $ 19,890
Federal funds sold 4,967 2,236
Interest-bearing deposits and other short-term investments 9,880 18,255
Total cash and cash equivalents 37,666 40,381
Securities available-for-sale, at fair value (Amortized cost: $193,454 at June 30, 2026 and $198,194 at December 31, 2025) 170,598 175,800
Securities held-to-maturity, at amortized cost (Fair value: $151,189 at June 30, 2026 and $158,504 at December 31, 2025) 181,723 188,800
Marketable equity securities, at fair value 662 632
Total investment securities 352,983 365,232
Federal Home Loan Bank stock and other restricted stock, at amortized cost 3,790 5,359
Total Loans 2,193,832 2,183,592
Allowance for credit losses (20,185) (20,297)
Net loans 2,173,647 2,163,295
Premises and equipment, net 23,776 23,345
Accrued interest receivable 9,008 8,783
Bank-owned life insurance 78,214 79,019
Deferred tax asset, net 12,836 12,716
Goodwill 12,487 12,487
Core deposit intangible 875 1,063
Other assets 27,019 24,800
Total Assets 2,732,301 2,736,480
Deposits:    
Non-interest-bearing deposits 600,599 594,516
Interest-bearing deposits 1,800,801 1,766,392
Total deposits 2,401,400 2,360,908
Borrowings:    
Short-term borrowings 17,740 13,270
Long-term debt 25,000 73,000
Subordinated debt 19,810 19,790
 Total borrowings 62,550 106,060
Securities pending settlement 242
Other liabilities 20,072 21,633
 Total Liabilities 2,484,022 2,488,843
Shareholders’ Equity:    
Preferred stock - $0.01 par value, 5,000,000 shares authorized, none outstanding at June 30, 2026 and December 31, 2025
Common stock - $0.01 par value, 75,000,000 shares authorized, 20,045,872 and 20,372,786 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 200 204
Additional paid-in capital 110,442 114,515
Unearned compensation – Employee Stock Ownership Plan (“ESOP”) (1,225) (1,443)
Unearned compensation - Equity Incentive Plan (1,989) (1,224)
Retained earnings 157,908 152,302
Accumulated other comprehensive loss, net of tax (17,057) (16,717)
Total Shareholders’ Equity 248,279 247,637
Total Liabilities and Shareholders’ Equity $ 2,732,301 $ 2,736,480