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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 149,295,000 $ 180,068,000
Federal funds sold 31,005,000 36,500,000
Cash and cash equivalents 180,300,000 216,568,000
Securities - available for sale 492,762,000 518,078,000
Securities - equity investments 3,105,000 3,132,000
Loans, net of allowance for credit losses of $11,121 and $10,896 at June 30, 2024 and December 31, 2023, respectively 1,057,598,000 1,004,277,000
Cash surrender value of life insurance 36,983,000 31,506,000
Bank premises and equipment, net 15,933,000 15,865,000
Goodwill and other intangible assets, net 3,432,000 3,473,000
Deferred tax asset 15,087,000 13,247,000
Interest receivable and other assets 35,321,000 36,276,000
Assets 1,840,521,000 1,842,422,000
Deposits 1,644,748,000 1,650,534,000
Interest payable and other liabilities 23,974,000 25,796,000
Total liabilities 1,668,722,000 1,676,330,000
Shareholders’ equity    
Common stock, no par value; 50,000,000 shares authorized, 8,359,556 and 8,293,168 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 25,435,000 25,435,000
Additional paid-in capital 5,851,000 5,512,000
Retained earnings 164,051,000 154,301,000
Accumulated other comprehensive loss, net of tax (23,538,000) (19,156,000)
Total shareholders’ equity 171,799,000 166,092,000
Liabilities and Equity $ 1,840,521,000 $ 1,842,422,000