v3.26.3
Consolidated Balance Sheets - USD ($)
Sep. 30, 2026
Dec. 31, 2025
Assets    
Cash and due from banks $ 11,737,962 $ 11,802,391
Federal funds sold and overnight deposits 35,551,116 116,259,370
Total cash and cash equivalents 47,289,078 128,061,761
Securities available-for-sale (amortized cost $130,162,738 and $156,694,754 at 09/30/26 and 12/31/25, respectively) 113,112,170 144,528,758
Restricted equity securities, at cost 1,879,250 2,933,050
Loans held-for-sale 414,115 138,000
Loans 1,022,135,569 965,285,662
Allowance for credit losses (12,342,070) (10,864,983)
Deferred net loan costs 1,234,875 786,604
Net loans 1,011,028,374 955,207,283
Bank premises and equipment, net 12,319,094 12,090,886
Accrued interest receivable 4,679,749 4,607,975
Bank owned life insurance 5,454,176 5,398,085
Goodwill 11,574,269 11,574,269
Other real estate owned 0 319,019
Other assets 23,795,469 22,699,860
Total assets 1,231,545,744 1,287,558,946
Deposits:    
Demand, non-interest bearing 208,452,304 218,842,543
Interest-bearing transaction accounts 319,840,172 299,636,739
Money market funds 138,684,988 187,132,921
Savings 145,752,113 142,543,291
Time deposits, $250,000 and over 52,921,976 46,913,997
Other time deposits 178,151,708 175,598,510
Total deposits 1,043,803,261 1,070,668,001
Repurchase agreements 34,888,892 41,498,171
Borrowed funds 10,975,022 35,975,022
Junior subordinated debentures 12,887,000 12,887,000
Accrued interest and other liabilities 8,185,775 12,843,774
Total liabilities 1,110,739,950 1,173,871,968
Shareholders' Equity    
Common stock - $2.50 par value; 15,000,000 shares authorized, 5,910,960 shares issued at 09/30/26 and 5,882,266 shares issued at 12/31/25 14,777,400 14,705,665
Additional paid-in capital 41,108,926 40,076,561
Retained earnings 82,922,070 73,021,908
Accumulated other comprehensive loss (13,469,950) (9,611,137)
Less: treasury stock, at cost; 300,409 shares at 09/30/26 and 299,339 shares at 12/31/25 (4,532,652) (4,506,019)
Total shareholders' equity 120,805,794 113,686,978
Total liabilities and shareholders' equity $ 1,231,545,744 $ 1,287,558,946
Book value per common share outstanding $ 21.53 $ 20.36