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Consolidated Condensed Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets [Abstract]    
Cash and due from banks $ 28,626 $ 20,393
Interest-bearing demand deposits 9,044 15,351
Total cash and cash equivalents 37,670 35,744
Interest-bearing time deposits 250 250
Investment securities:    
Equity securities with a readily determinable fair value, at fair value 1,387 1,363
Equity securities without a readily determinable fair value, at cost 3,666 3,666
Debt securities, available-for-sale, at fair value 255,891 258,327
Debt securities, held-to-maturity, at cost, net of allowance for credit losses of $5 at March 31, 2025 and December 31, 2024 17,585 16,324
Federal Reserve Bank stock, at cost 6,405 6,405
Federal Home Loan Bank stock, at cost 20,710 20,710
Loans held-for-sale 6,098 5,556
Loans, net of allowance for credit losses of $12,124 and $12,001 at March 31, 2025 and December 31, 2024, respectively 1,705,506 1,709,811
Premises and equipment, net 39,972 41,049
Operating lease right-of-use assets 5,935 5,785
Goodwill 90,310 90,310
Core deposit and other intangibles, net 10,616 11,104
Bank-owned life insurance 54,348 54,002
Interest receivable 9,013 8,701
Other Assets 37,383 38,287
TOTAL ASSETS 2,302,745 2,307,394
Deposits:    
Noninterest-bearing 464,059 459,619
Interest-bearing 1,457,590 1,418,673
Total deposits 1,921,649 1,878,292
Long-term debt 104,637 155,153
Operating lease liabilities 6,299 6,115
Accrued interest and other liabilities 11,509 14,798
TOTAL LIABILITIES 2,044,094 2,054,358
COMMITMENTS AND CONTINGENT LIABILITIES
SHAREHOLDERS' EQUITY:    
Preferred shares – no par value, authorized 1,000,000 shares, none outstanding 0 0
Common shares – no par value; authorized 19,000,000 shares; issued 17,378,298 and 17,329,423 shares at March 31, 2025 and December 31, 2024, respectively; outstanding 14,166,915 and 14,118,040 shares at March 31, 2025 and December 31, 2024, respectively 187,369 186,937
Retained earnings 142,811 141,290
Treasury shares at cost, 3,211,383 shares at March 31, 2025 and December 31, 2024 (56,002) (56,002)
Accumulated other comprehensive loss, net of taxes (15,527) (19,189)
TOTAL SHAREHOLDERS' EQUITY 258,651 253,036
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 2,302,745 $ 2,307,394