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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Assets:    
Cash and due from banks $ 36,302 $ 28,949
Interest-bearing deposits with financial institutions 83,867 83,000
Total cash and cash equivalents 120,169 111,949
Available-for-sale securities, at fair value 334,446 344,040
Held-to-maturity securities (fair value of $203,222 in 2024; $197,176 in 2023) 225,373 224,233
Restricted investments in bank stock 3,944 3,905
Loans and leases, net (allowance for credit losses of $19,630 in 2024; $18,806 in 2023) 1,774,156 1,666,292
Loans held-for-sale (fair value $1,792 in 2024; $1,483 in 2023) 1,762 1,457
Foreclosed assets held-for-sale 440 1
Bank premises and equipment, net 36,057 34,232
Leased property under finance leases, net 1,004 1,173
Right-of-use assets 8,869 7,771
Cash surrender value of bank owned life insurance 57,672 54,572
Accrued interest receivable 9,802 9,092
Goodwill 19,627 19,628
Core deposit intangible, net 949 1,184
Other assets 21,663 23,630
Total assets 2,615,933 2,503,159
Liabilities:    
Interest-bearing 1,792,796 1,622,282
Non-interest-bearing 549,710 536,143
Total deposits 2,342,506 2,158,425
Allowance for credit losses on off-balance sheet credit exposures 1,169 944
Finance lease obligation 1,039 1,201
Operating lease liabilities 9,782 8,549
Short-term borrowings 25,000 117,000
Secured borrowings 6,323 7,372
Accrued interest payable and other liabilities 22,853 20,189
Total liabilities 2,408,672 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; 5,736,025 at September 30, 2024; and 5,703,636 at December 31, 2023) 119,112 117,695
Retained earnings 136,601 128,251
Accumulated other comprehensive loss (48,452) (56,467)
Treasury stock, at cost (24 shares at September 30, 2024 and 38 shares at December 31, 2023) 0 0
Total shareholders' equity 207,261 189,479
Total liabilities and shareholders' equity $ 2,615,933 $ 2,503,159