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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 8,073 $ 7,352
Interest-bearing demand deposits 38,804 33,418
Cash and cash equivalents 46,877 40,770
Available-for-sale securities, amortized cost of $261,146 net of allowance of allowance for credit losses of $0 at March 31, 2024 and December 31, 2023 251,807 242,760
Loans, net of allowance for credit losses of $3,870 and $3,918 at March 31, 2024 and December 31, 2023, respectively 476,437 479,318
Premises and equipment 18,115 14,984
Federal Home Loan Bank stock 3,979 3,979
Foreclosed assets held for sale, net 3,377 3,377
Core deposit other intangible asset 222 260
Goodwill 682 682
Accrued interest receivable 3,811 4,098
Deferred federal income tax 2,497 2,409
Bank-owned life insurance 19,537 19,423
Other assets 6,686 7,389
Total assets 834,027 819,449
Deposits    
Demand 333,606 339,280
Savings 128,810 130,821
Time 163,334 151,358
Total deposits 625,750 621,459
Securities sold under repurchase agreements 37,805 26,781
Subordinated debentures 23,802 23,787
Advances Federal Home Loan Bank 75,000 75,000
Lease liability - finance lease 2,795 2,764
Interest payable and other liabilities 5,669 6,065
Total liabilities 770,821 755,856
Stockholders' Equity    
Preferred stock, no par value, authorized 2,000,000 shares; no shares issued 0 0
Common stock, $1 par value; authorized 10,000,000 shares; issued 6,188,141 shares at March 31, 2024, and 6,063,851 shares at December 31, 2023; outstanding - 5,791,156 and 5,702,685 shares at March 31, 2024 and December 31, 2023, respectively 6,188 6,064
Additional paid-in capital 25,998 25,913
Retained earnings 44,073 44,018
Stock held by deferred compensation plan; 162,622 and 181,803 shares at March 31, 2024 and December 31, 202, respectively (2,029) (2,363)
Accumulated other comprehensive loss (7,807) (7,478)
Treasury stock, at cost 234,363 and 179,363 shares at March 31, 2024 and December 31, 2023, respectively (3,217) (2,561)
Total stockholders' equity 63,206 63,593
Total liabilities and stockholders' equity $ 834,027 $ 819,449