v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and due from banks $ 18,281 $ 13,942
Interest-bearing deposits with other institutions 71,169 103,984
Federal funds sold 54,542 99,268
Total cash and cash equivalents 143,992 217,194
Securities available for sale, at fair value, amortized cost of $120,152 and $126,197, respectively 112,466 119,543
Restricted investments, at cost 1,875 3,786
Loans held for sale 5,974 4,786
Loans 1,499,351 1,473,077
Allowance for credit losses (18,306) (15,320)
Net Loans 1,481,045 1,457,757
Bank premises and equipment, net 14,974 14,906
Bank owned life insurance 32,293 31,720
Other assets 54,746 38,934
Total assets 1,847,365 1,888,626
Deposits:    
Noninterest bearing demand deposits 463,086 432,171
Savings and interest bearing demand deposits 720,714 728,545
Time deposits 418,135 446,644
Total deposits 1,601,935 1,607,360
Federal funds purchased 11 0
Federal Home Loan Bank advances, long-term 0 40,000
Subordinated debt, net of unamortized issuance costs 29,613 29,579
Other liabilities 21,901 22,848
Total liabilities 1,653,460 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, 5,411,615 including 86,912 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 65,189 64,720
Retained earnings 121,481 116,115
Accumulated other comprehensive loss (6,076) (5,260)
Total shareholders’ equity 193,905 188,839
Total liabilities and shareholders’ equity $ 1,847,365 $ 1,888,626