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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Assets      
Cash and cash equivalents $ 23,607 $ 27,779 $ 26,432
Interest bearing deposits in other banks 30,075 4,124 2,938
Securities available for sale 256,788 264,480 280,764
Securities held-to-maturity (net of ACL), fair value of $308,676,000 at March 31, 2026, $315,482,000 at December 31, 2025 and $312,788,000 at March 31, 2025 354,057 355,928 368,571
Restricted equity securities, at cost 8,314 8,275 7,509
Loans 2,405,149 2,394,109 2,383,150
Less allowance for credit losses 25,209 25,365 25,114
Net loans 2,379,940 2,368,744 2,358,036
Accrued interest receivable 19,247 14,185 17,923
Premises and equipment, net 28,720 28,767 28,626
Goodwill 30,646 30,646 30,646
Other assets 69,369 63,375 65,927
Total assets 3,200,763 3,166,303 3,187,372
Liabilities      
Demand deposits 268,100 279,912 267,876
NOW deposits 660,511 689,083 613,245
Money market deposits 453,210 469,689 398,966
Savings deposits 247,084 248,805 261,732
Certificates of deposit 1,035,738 977,263 1,169,516
Total deposits 2,664,643 2,664,752 2,711,335
Borrowed funds – short term 100,296 92,321 115,444
Borrowed funds – long term 95,500 95,500 70,000
Other liabilities 53,540 30,587 30,912
Total liabilities 2,913,979 2,883,160 2,927,691
Shareholders' equity      
Common stock, one cent par value per share 113 112 112
Additional paid-in capital 74,255 73,714 72,355
Retained earnings 245,001 240,456 225,592
Accumulated other comprehensive income (loss)      
Net unrealized loss on securities available-for-sale (32,790) (31,341) (38,702)
Net unrealized loss on securities transferred from available-for-sale to held-to-maturity (35) (38) (45)
Net unrealized gain on cash flow hedging derivative instruments 0 0 82
Net unrealized gain on postretirement costs 240 240 287
Total shareholders' equity 286,784 283,143 259,681
Total liabilities & shareholders' equity $ 3,200,763 $ 3,166,303 $ 3,187,372
Common Stock      
Number of shares authorized (in shares) 18,000,000 18,000,000 18,000,000
Number of shares issued (in shares) 11,271,014 11,222,363 11,196,881
Number of shares outstanding (in shares) 11,271,014 11,222,363 11,196,881
Book value per common share (usd per share) $ 25.44 $ 25.23 $ 23.19
Tangible book value per common share (usd per share) $ 22.71 $ 22.49 $ 20.44