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Consolidated Balance Sheet - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Cash and cash equivalents:    
Noninterest-bearing $ 37,733 $ 24,814
Interest-bearing 15,085 1,397
Total cash and cash equivalents 52,818 26,211
Interest bearing time deposits with other banks 4,070 6,055
Equity securities 1,938 2,208
Available-for-sale securities (net of allowance for credit losses of $0 for 2023) 417,601 439,506
Loans held for sale 9,379 725
Loans (net of allowance for credit losses: 2023, $21,153; 2022, $18,552) 2,227,683 1,706,447
Premises and equipment 21,384 17,619
Accrued interest receivable 11,043 7,332
Goodwill 85,758 31,376
Bank owned life insurance 49,897 39,355
Other intangibles 3,650 1,272
Fair value of derivative instruments - asset 13,687 16,599
Deferred tax asset 17,339 12,886
Other assets 59,074 25,802
TOTAL ASSETS 2,975,321 2,333,393
Deposits:    
Noninterest-bearing 523,784 396,260
Interest-bearing 1,797,697 1,447,948
Total deposits 2,321,481 1,844,208
Borrowed funds 322,036 257,278
Accrued interest payable 4,298 1,232
Fair value of derivative instruments - liability 7,922 9,726
Other liabilities 39,918 20,802
TOTAL LIABILITIES 2,695,655 2,133,246
STOCKHOLDERS' EQUITY:    
Preferred Stock $1.00 par value; authorized 3,000,000 shares 2023 and 2022; none issued in 2023 or 2022 0 0
Common Stock $1.00 par value; authorized 25,000,000 shares 2023 and 2022; issued 5,160,754 and 4,427,687 shares in 2023 and 2022, respectively 5,161 4,428
Additional paid-in capital 143,233 80,911
Retained earnings 172,975 164,922
Accumulated other comprehensive loss (24,911) (33,141)
Treasury stock, at cost: 453,760 and 456,478 shares for 2023 and 2022, respectively (16,792) (16,973)
TOTAL STOCKHOLDERS' EQUITY 279,666 200,147
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,975,321 $ 2,333,393