Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and due from banks	$ 12,887	$ 15,417
Interest-bearing deposits with other institutions	55,393	96,649
Federal funds sold	59,353	26,287
Total cash and cash equivalents	127,633	138,353
Securities available for sale, at fair value, amortized cost of $156,962 and $160,251, respectively	131,867	137,443
Restricted investments, at cost	9,239	9,568
Loans held for sale	1,593	1,661
Loans	1,439,052	1,462,686
Allowance for credit losses	(14,448)	(14,493)
Net Loans	1,424,604	1,448,193
Bank premises and equipment, net	17,954	18,108
Bank owned life insurance	29,843	29,575
Other assets	40,168	42,696
Total assets	1,782,901	1,825,597
Deposits:
Noninterest bearing demand deposits	424,869	436,619
Savings and interest bearing demand deposits	666,730	656,439
Time deposits	382,343	413,264
Total deposits	1,473,942	1,506,322
Federal funds purchased	347	0
Federal Home Loan Bank advances, short-term	10,000	20,000
Federal Home Loan Bank advances, long-term	145,000	145,000
Subordinated debt, net of unamortized issuance costs	29,461	29,444
Other liabilities	16,446	16,452
Total liabilities	1,675,196	1,717,218
Commitments and contingencies
Shareholders’ Equity
Preferred stock, $10 par value; 500,000 shares authorized and unissued	0	0
Common stock, $2.50 par value; authorized 10,000,000 shares; issued and outstanding 2024, 3,557,229 including 75,297 shares of unvested restricted stock; issued and outstanding 2023, 3,520,894 including 56,914 shares of unvested restricted stock	8,705	8,660
Surplus	14,368	14,280
Retained earnings	104,449	103,445
Accumulated other comprehensive (loss)	(19,817)	(18,006)
Total shareholders’ equity	107,705	108,379
Total liabilities and shareholders’ equity	$ 1,782,901	$ 1,825,597