CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets
Cash and due from banks	$ 4,429	$ 4,504
Federal funds sold and overnight deposits	73,237	33,381
Cash and cash equivalents	77,666	37,885
Interest bearing deposits in banks	14,690	16,428
Investment securities available-for-sale	264,383	250,267
Other investments	1,500	1,264
Total investments	265,883	251,531
Loans held for sale	3,070	1,178
Loans	1,028,270	958,157
Allowance for credit losses on loans	(6,566)	(8,339)
Net deferred loan costs	1,752	1,336
Net loans	1,023,456	951,154
Premises and equipment, net	20,771	20,479
Company-owned life insurance	18,965	18,518
Other assets	44,378	39,316
Total assets	1,468,879	1,336,489
Deposits
Noninterest bearing	250,992	286,145
Interest bearing	765,689	762,722
Time	288,922	153,045
Total deposits	1,305,603	1,201,912
Borrowed funds	65,696	50,000
Subordinated notes	16,239	16,205
Accrued interest and other liabilities	15,534	13,152
Total liabilities	1,403,072	1,281,269
Commitments and Contingencies (Notes 9, 15, 16, 18, 19 and 22)
Stockholders’ Equity
Common stock, $2.00 par value; 7,500,000 shares authorized; 4,995,348 shares issued at December 31, 2023 and 4,982,523 shares issued at December 31, 2022	9,991	9,965
Additional-paid-in capital	2,621	2,225
Retained earnings	89,472	84,669
Treasury stock at cost; 476,500 shares at December 31, 2023 and 473,936 shares at December 31, 2022	(4,322)	(4,220)
Accumulated other comprehensive loss	(31,955)	(37,419)
Total stockholders' equity	65,807	55,220
Total liabilities and stockholders' equity	$ 1,468,879	$ 1,336,489