Consolidated Statement of Condition
(unaudited, in thousands)
Assets
| Asset Type | MARCH 31, 2024 |
December 31, 2023 |
|---|---|---|
| Cash and Due from Banks | $ 10,845 | $ 10,257 |
| Interest-Bearing Balances Due | ||
| From Depository Institutions | 4,584 | 1,204 |
| Investment Securities | 488,360 | 503,872 |
| Loans | 719,253 | 702,254 |
| Less: Allowance for Loan Losses | (18,590) | (18,559) |
| Net Loans | 700,663 | 683,695 |
| Premises and Equipment | 13,763 | 13,531 |
| Other Assets | 86,492 | 84,999 |
| TOTAL ASSETS | $1,304,707 | $ 1,297,558 |
Liabilities and Shareholders’ Equity
| Liabilities and Shareholder's Equity Type |
MARCH 31,
2024 |
December 31, 2023 |
|---|---|---|
| Non-Interest Bearing Deposits | $ 346,652 | $ 346,786 |
| Interest-Bearing Deposits | 670,794 | 706,362 |
| Total Deposits | 1,017,446 | 1,053,148 |
| Other Borrowed Funds | 131,400 | 82,000 |
| Other Liabilities | 4,325 | 6,459 |
| TOTAL LIABILITIES | 1,153,171 | 1,141,607 |
| Common Stock | 2,967 | 2,967 |
| Additional Paid in Capital | 4,524 | 4,524 |
| Retained Earnings, Net | 144,045 | 148,460 |
| TOTAL SHAREHOLDERS' EQUITY | 151,536 | 155,951 |
| TOTAL LIABILITIES AND EQUITY | $ 1,304,707 | $ 1,297,558 |