v3.24.1.1.u2
Consolidated Balance Sheet (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and non-interest bearing deposits in other financial institutions $ 16,418 $ 17,942
Interest bearing deposits in other financial institutions 54,755 67,647
Federal funds sold 607 419
Total cash and cash equivalents 71,780 86,008
Securities available-for-sale 346,233 371,374
Loans held-for-sale 667 340
Loans receivable, net of deferred fees and costs 1,508,251 1,512,595
Less: Allowance for credit losses (18,805) (18,768)
Net loans receivable 1,489,446 1,493,827
Federal Home Loan Bank stock 6,547 6,547
Accrued interest receivable 7,583 8,045
Premises and equipment 47,795 38,436
Foreclosed real estate 71 71
Cash value of bank owned life insurance 32,895 32,702
Goodwill 22,395 22,395
Other intangible assets 2,911 3,272
Other assets 43,459 45,262
Total assets 2,071,782 2,108,279
Deposits:    
Non-interest bearing 296,959 295,594
Interest bearing 1,450,519 1,517,827
Total deposits 1,747,478 1,813,421
Repurchase agreements 41,137 38,124
Borrowed funds 90,000 80,000
Accrued expenses and other liabilities 41,586 29,389
Total liabilities 1,920,201 1,960,934
Commitments and contingencies
Stockholders' Equity:    
Preferred stock, no par or stated value; 10,000,000 shares authorized, none outstanding 0 0
Common stock, no par or stated value; 10,000,000 shares authorized; shares issued and outstanding: March 31, 2024 - 4,310,251 December 31, 2023 - 4,298,773 0 0
Additional paid-in capital 69,727 69,555
Accumulated other comprehensive loss (56,313) (51,613)
Retained earnings 138,167 129,403
Total stockholders' equity 151,581 147,345
Total liabilities and stockholders' equity $ 2,071,782 $ 2,108,279

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