v3.26.1
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and noninterest-bearing deposits with banks $ 15,519 $ 14,845
Interest-bearing deposits with banks 62,565 31,052
Total cash and cash equivalents 78,084 45,897
Debt securities available for sale 250,236 253,906
Debt securities held to maturity, net of allowance for credit losses of $1 in 2026 and 2025 5,404 5,452
Equity securities 376 0
Restricted investments in bank stocks 5,258 5,258
Total loans 1,246,114 1,196,018
Less: Allowance for credit losses (16,610) (11,519)
Net loans 1,229,504 1,184,499
Premises and equipment, net 22,357 20,509
Premises and equipment held for sale, net 390 400
Accrued interest receivable 5,485 5,476
Goodwill 7,319 7,319
Bank owned life insurance and annuity assets 42,960 43,305
Operating lease right-of-use asset, net 1,408 923
Deferred tax assets 6,082 5,621
Other assets 6,573 4,089
Total assets 1,661,436 1,582,654
LIABILITIES    
Noninterest-bearing deposits 319,288 314,131
Interest-bearing deposits 1,089,140 1,015,536
Total deposits 1,408,428 1,329,667
Other borrowed funds 41,822 44,848
Subordinated debentures 8,500 8,500
Operating lease liability 1,408 923
Allowance for credit losses on off-balance sheet commitments 731 871
Other liabilities 27,161 27,588
Total liabilities 1,488,050 1,412,397
CONTINGENT LIABILITIES
SHAREHOLDERS’ EQUITY    
Common stock ($1.00 stated value per share, 10,000,000 shares authorized; 5,490,995 shares issued) 5,491 5,491
Additional paid-in capital 52,321 52,321
Retained earnings 137,969 133,007
Accumulated other comprehensive income (loss) (3,702) (1,869)
Treasury stock, at cost (779,994 shares) (18,693) (18,693)
Total shareholders’ equity 173,386 170,257
Total liabilities and shareholders’ equity $ 1,661,436 $ 1,582,654