PARENT CORPORATION ONLY FINANCIAL STATEMENTS

12 Months Ended

Dec. 31, 2025

Condensed Financial Information Disclosure [Abstract]

PARENT CORPORATION ONLY FINANCIAL STATEMENTS

NOTE 28 PARENT CORPORATION ONLY FINANCIAL STATEMENTS

CONDENSED BALANCE SHEETS

AS OF DECEMBER 31, 2025 AND 2024

(Dollars in Thousands)

	2025			2024
ASSETS
Due from banks	$	356		$	3,348
Investment in subsidiaries		94,130			81,923
Other assets		580			746
Total assets	$	95,066		$	86,017
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities:
Accrued interest payable	$	196		$	277
Accrued expenses and other liabilities		29			13
Trust preferred securities		11,986			14,986
Total liabilities		12,211			15,276
Shareholders' equity:
Common stock, $2 par value: 50,000,000 shares authorized,
23,567,013 and 23,636,724 shares issued and outstanding, respectively		47,134			47,273
Additional paid-in capital		14,378			14,451
Retained earnings		29,210			21,001
Accumulated other comprehensive loss		(7,867	)		(11,984	)
Total shareholders’ equity		82,855			70,741
Total liabilities and shareholders’ equity	$	95,066		$	86,017

	2025			2024
Income
Miscellaneous income	$	24		$	37
Dividends from subsidiaries		2,790			7,144
Undistributed income of subsidiaries		8,091			2,142
Total income		10,905			9,323
Expenses
Trust preferred securities interest expense		814			1,248
Professional fees		126			116
Other operating expenses		75			42
Total expenses		1,015			1,406
Income before income taxes		9,890			7,917
Income tax benefit		(208	)		(287	)
Net income	$	10,098		$	8,204

	2025			2024
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$	10,098		$	8,204
Adjustments to reconcile net ncome to net cash provided by operating activities:
Equity in undistributed earnings of subsidiaries		(8,091	)		(2,142	)
Net increase in other assets		166			41
Net decrease in other liabilities		(64	)		(39	)
Net cash provided by operating activities		2,109			6,064
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of long-term debt		(3,000	)		(1,200	)
Repurchase of common stock		(212	)		(282	)
Dividends paid		(1,889	)		(1,661	)
Net cash used in financing activities		(5,101	)		(3,143	)
Net (decrease) increase in cash and cash equivalents		(2,992	)		2,921
Cash and and cash equivalents, beginning of the year		3,348			427
Cash and and cash equivalents, end of the year	$	356		$	3,348