v3.26.1
Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Assets    
Cash and due from banks $ 33,044 $ 25,179
Interest-bearing deposits at other financial institutions 783 1,276
Federal funds sold 134,288 136,301
Cash and cash equivalents 168,115 162,756
Investment securities available-for-sale (AFS), at fair value 57,021 57,954
Investment securities held-to-maturity (HTM), at amortized cost, net of allowance for credit losses of $0 and $0, respectively 13,790 13,798
Restricted securities, at amortized cost 6,998 7,005
Loans, net of allowance for credit losses of $19,049 and $19,308, respectively 1,850,961 1,841,833
Premises and equipment, net 13,430 13,608
Property held for sale, at fair value 2,745 2,728
Other real estate owned, net 1,094 1,697
Accrued interest and other receivables 13,453 14,518
Bank owned life insurance 41,071 40,752
Other assets 54,615 56,020
Total Assets 2,223,293 2,212,669
Liabilities    
Non-interest bearing demand deposits 359,113 378,694
Interest-bearing demand deposits 120,700 119,407
Savings and NOW deposits 138,667 121,905
Money market deposits 545,804 499,334
Time deposits 750,441 779,844
Total deposits 1,914,725 1,899,184
Subordinated debt, net 70,035 69,936
Allowance for credit losses on off-balance sheet credit exposure 204 335
Other liabilities 23,345 24,623
Total Liabilities 2,008,309 1,994,078
Stockholders’ Equity    
Preferred stock, $1.00 par value, 2,000,000 shares authorized; 28,750 shares issued and outstanding at March 31, 2026 and December 31, 2025 27,263 27,263
Common stock, $4.00 par value, 15,000,000 shares authorized; issued and outstanding 7,324,049 shares (including 262,787 nonvested shares) at March 31, 2026 and 7,496,571 shares (including 244,964 nonvested shares) at December 31, 2025 28,247 29,008
Capital surplus 61,045 66,531
Retained earnings 104,360 101,557
Accumulated other comprehensive loss (5,931) (5,768)
Total Stockholders’ Equity 214,984 218,591
Total Liabilities and Stockholders’ Equity $ 2,223,293 $ 2,212,669