XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets:    
Cash and due from banks $ 25,559 $ 28,949
Interest-bearing deposits with financial institutions 52,526 83,000
Total cash and cash equivalents 78,085 111,949
Available-for-sale securities 327,506 344,040
Held-to-maturity securities (fair value of $193,627 in 2024; $197,176 in 2023) 224,989 224,233
Restricted investments in bank stock 3,968 3,905
Loans and leases, net (allowance for credit losses of $18,975 in 2024; $18,806 in 2023) 1,708,843 1,666,292
Loans held-for-sale (fair value $701 in 2024; $1,483 in 2023) 691 1,457
Foreclosed assets held-for-sale 9 1
Bank premises and equipment, net 35,808 34,232
Leased property under finance leases, net 1,060 1,173
Right-of-use assets 8,952 7,771
Cash surrender value of bank owned life insurance 57,278 54,572
Accrued interest receivable 9,877 9,092
Goodwill 19,628 19,628
Core deposit intangible, net 1,021 1,184
Other assets 22,930 23,630
Total assets 2,500,645 2,503,159
Liabilities:    
Interest-bearing 1,641,558 1,622,282
Non-interest-bearing 527,572 536,143
Total deposits 2,169,130 2,158,425
Allowance for credit losses on off-balance sheet credit exposures 1,034 944
Finance lease obligation 1,092 1,201
Operating lease liabilities 9,848 8,549
Short-term borrowings 98,120 117,000
Secured borrowings 7,237 7,372
Accrued interest payable and other liabilities 18,492 20,189
Total liabilities 2,304,953 2,313,680
Shareholders' equity:    
Preferred stock authorized 5,000,000 shares with no par value; none issued 0 0
Capital stock, no par value (10,000,000 shares authorized; shares issued and outstanding; 5,735,728 at June 30, 2024; and 5,703,636 at December 31, 2023) 118,777 117,695
Retained earnings 133,840 128,251
Accumulated other comprehensive loss (56,925) (56,467)
Treasury stock, at cost (14 shares at June 30, 2024 and 38 shares at December 31, 2023) 0 0
Total shareholders' equity 195,692 189,479
Total liabilities and shareholders' equity $ 2,500,645 $ 2,503,159