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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Cash and cash equivalents    
Cash and due from banks $ 33,524 $ 37,675
Interest-bearing deposits in other banks 9,141 193
Federal funds sold 144,700  
Total cash and cash equivalents 187,365 37,868
Investment securities:    
Available for sale: Amortized cost of $450,454 and $543,953, respectively, net of allowance for credit losses of $0 at December 31, 2023 and December 31, 2022 398,927 477,703
Equity investments carried at fair value 98 110
Held to maturity: Fair value of $71,698 and $76,563, respectively, net of allowance for credit losses of $0 at December 31, 2023 and 2022 84,851 91,179
Total investment securities 483,876 568,992
Loans 2,849,897  
Less: allowance for credit losses 21,895  
Net loans 2,828,002  
Loans   2,730,116
Less: allowance for credit losses   27,472
Net loans   2,702,644
Loans held for sale 250  
Goodwill 63,370 63,370
Premises and equipment, net 61,276 55,667
Bank owned life insurance 49,397 48,344
Deferred tax assets 13,770 18,739
Accrued interest receivable 12,734 11,715
Intangible assets, net   105
Other assets 42,249 46,071
Total assets 3,742,289 3,553,515
Deposits:    
Noninterest-bearing 644,683 772,765
Interest-bearing 2,634,354 2,273,833
Total deposits 3,279,037 3,046,598
Short-term borrowings 17,590 114,930
Long-term debt 25,000 555
Subordinated debt 33,000 33,000
Accrued interest payable 5,765 903
Other liabilities 41,475 42,179
Total liabilities 3,401,867 3,238,165
Stockholders' equity:    
Common stock, par value $2.00, authorized 25,000,000 shares, issued and outstanding 7,040,852 shares at December 31, 2023 and 7,158,017 shares at December 31, 2022 14,093 14,321
Capital surplus 122,130 126,850
Retained earnings 248,550 230,515
Accumulated other comprehensive loss (44,351) (56,336)
Total stockholders' equity 340,422 315,350
Total liabilities and stockholders' equity $ 3,742,289 $ 3,553,515