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QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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For the quarterly period ended
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Or
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TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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For the transition period from _____________ to _____________
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(State or other jurisdiction of incorporation or organization)
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(IRS Employer Identification No.)
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(Address of principal executive offices)
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(Zip code)
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( |
(Registrant’s telephone number)
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Securities registered pursuant to Section 12(b) of the Act:
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(Title of class)
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The
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(Trading symbol)
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(Name of exchange on which registered)
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No
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No
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Large Accelerated Filer ☐
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Non-accelerated Filer ☐
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Smaller Reporting Company
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Emerging Growth Company
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Yes
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No ☑
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(dollars in thousands)
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(unaudited)
September 30
2024
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December 31
2023
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Assets:
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||||||||
Cash and due from banks
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$
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$
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||||
Interest bearing deposits
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||||||||
Cash and cash equivalents
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||||||
Certificates of deposit in other banks
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Debt securities available-for-sale at fair value (amortized cost of $
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Equity securities at fair value
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Loans held for sale
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Loans
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||||||
Allowance for credit losses
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(
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)
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(
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)
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||||
Net loans
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Premises and equipment, net
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Operating right-of-use assets
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Finance right-of-use assets | ||||||||
Federal Home Loan Bank stock
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Federal Reserve Bank stock
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Goodwill
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Bank owned life insurance
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Mortgage servicing rights
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Other real estate owned
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Deferred tax asset |
||||||||
Accrued interest receivable
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||||||
Other assets
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Total assets
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$
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$
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|
||||
Liabilities and shareholders’ equity:
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||||||||
Deposits:
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||||||||
Noninterest bearing
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$
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$
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|
||||
Interest bearing
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||||||
Total deposits
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||||||
Repurchase agreements
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||||||
Federal funds purchased
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||||||
Advances from Federal Home Loan Bank
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||||||
Long-term debt
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||||||
Operating lease liability
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||||||
Finance lease liability
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||||||
Accrued interest payable
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Other liabilities
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Total liabilities
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||||||
Shareholders’ equity:
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||||||||
Preferred stock,
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||||||
Common stock, $
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||||||
Capital surplus
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||||||
Retained earnings
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||||||
Accumulated other comprehensive loss, net of tax
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(
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)
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(
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)
|
||||
Total shareholders’ equity
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|
||||||
Total liabilities and shareholders’ equity
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$
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$
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Three Months Ended | Nine Months Ended | |||||||||||||||
September 30
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September 30
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|||||||||||||||
(in thousands except per share data)
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2024
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2023
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2024
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2023
|
||||||||||||
Interest income:
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||||||||||||||||
Interest and fees on loans, including loans held for sale
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$
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$
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$
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$
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||||||||
Interest and dividends on securities
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||||||||||||||||
Taxable
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||||||||||||
Tax exempt
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||||||||||||
Interest and dividends on Federal Reserve Bank and Federal Home Loan Bank stock
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||||||||||||
Interest on Federal Reserve Bank deposits
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||||||||||||
Other, including interest on federal funds sold
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|
||||||||||||
Total interest income
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||||||||||||
Interest expense:
|
||||||||||||||||
Interest on deposits
|
|
|
|
|
||||||||||||
Interest on repurchase agreements and federal funds purchased
|
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|
||||||||||||
Interest on advances from Federal Home Loan Bank
|
||||||||||||||||
Interest on long-term debt
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