v3.26.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and due from banks $ 26,799 $ 12,900
Interest-bearing deposits in banks 52,541 37,397
Total cash and cash equivalents 79,340 50,297
Investments:    
Available-for-sale (amortized cost $572,778 and $602,047) [1] 516,978 542,830
Equity securities 268 0
Restricted investment in stocks 7,287 6,663
Loans held-for-sale 395 246
Loans receivable 1,716,599 1,262,074
Allowance for credit losses on loans (12,770) (9,215)
Loans receivable, net 1,703,829 1,252,859
Bank-owned life insurance 18,628 12,275
Premises and equipment, net 25,273 16,886
Goodwill 11,164 0
Other intangible assets 7,358 346
Accrued interest receivable 6,399 4,839
Net deferred tax assets 13,384 13,993
Other assets 8,667 4,771
Total assets 2,398,970 1,906,005
Deposits    
Demand, non-interest bearing 266,120 189,957
Interest-bearing demand 626,897 534,854
Money market 388,326 260,742
Savings 352,077 281,161
Time less than or equal to $250 353,948 316,760
Time greater than $250 79,783 59,037
Total deposits 2,067,151 1,642,511
Short-term borrowings 75,428 80,601
Subordinated debt 54,018 39,268
Accrued interest payable 4,337 5,050
Other liabilities 14,522 9,012
Total liabilities 2,215,456 1,776,442
Shareholders' Equity    
Common stock, par value $0.625 per share; authorized 10,000,000 shares; 5,185,847 shares and 3,947,561 shares issued; 4,977,161 and 3,738,875 shares outstanding 3,241 2,467
Surplus 77,334 29,206
Retained earnings 150,764 148,397
Accumulated other comprehensive loss, net of tax (43,788) (46,470)
Treasury stock, at cost; 208,686 and 208,686 shares (4,037) (4,037)
Total shareholders' equity 183,514 129,563
Total liabilities and shareholders' equity $ 2,398,970 $ 1,906,005
[1] Includes derivatives designated as fair value hedges.