CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash and due from banks	$ 14,596	$ 13,979
Interest-bearing deposits with banks	50,363	46,747
Federal funds sold	18	960
Total cash and cash equivalents	64,977	61,686
Investment securities available-for-sale, at fair value	89,805	96,076
Loans receivable	638,111	584,613
Allowance for credit losses	(7,256)	(6,727)
Net loans	630,855	577,886
Bank premises and equipment, net	18,265	19,290
Other real estate owned	157	261
Accrued interest receivable	3,029	2,555
Deferred taxes, net	4,461	4,623
Bank owned life insurance	4,589	4,549
Right-of-use assets – operating leases	3,852	3,725
Other assets	6,323	4,707
Total assets	826,313	775,358
Deposits
Noninterest bearing	233,878	249,924
Interest-bearing	482,589	442,783
Total deposits	716,467	692,707
Borrowed funds	36,186	16,496
Lease liabilities – operating leases	3,852	3,725
Accrued interest payable	1,447	526
Accrued expenses and other liabilities	3,550	4,685
Total liabilities	761,502	718,139
SHAREHOLDERS’ EQUITY
Common stock - $2.00 par value; 50,000,000 shares authorized; 23,745,900 and 23,848,491 shares issued and outstanding at December 31, 2023 and 2022, respectively	47,492	47,697
Additional paid-in capital	14,514	14,546
Retained earnings	14,458	8,917
Accumulated other comprehensive loss	(11,653)	(13,941)
Total shareholders’ equity	64,811	57,219
Total liabilities and shareholders’ equity	$ 826,313	$ 775,358