Page 5 - Demo

CONSOLIDATED BALANCE SHEETS | 03ASSETSCash and due from banks $ 91,733 $ 141,825Federal funds sold 2,424 -CASH AND CASH EQUIVALENTS 94,157 141,825Securities available for sale 189,985 206,145Loans, net of allowance for credit losses of $8,765 $7,653 at December 31, 2023 and 2022, respectively 636,511 559,230 Premises and equipment, net 14,722 15,556 Right-of-use assets 1,326 1,551 Federal Reserve and Federal Home Loan Bank stock 1,186 2,230 Accrued interest receivable 3,722 3,283Goodwill 2,619 2,619Deferred tax asset 6,333 6,263 Other assets 8,278 7,277TOTAL ASSETS $ 958,839 $ 945,979LIABILITIES AND STOCKHOLDERS’ EQUITYLiabilities Demand $ 176,729 $ 180,268 Savings, NOW and money market 634,742 652,813 Time 65,877 41,006 TOTAL DEPOSITS 877,348 874,087 Operating lease liability 1,327 1,547Other liabilities 7,700 7,026 TOTAL LIABILITIES 886,375 882,660 Stockholders’ EquityCommon stock, $0.40 par value; 2,500,000 shares authorized, 865,603 (2023) and 868,059 (2022) shares issued and outstanding 346 347 Additional paid-in capital 4,466 4,477 Retained earnings 81,853 74,022 Accumulated other comprehensive loss (14,201) (15,527)TOTAL STOCKHOLDERS’ EQUITY 72,464 63,319TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 958,839 $ 945,979December 31, 2023 (unaudited) and 2022(dollars in thousands, except share and per share data)2023 2022