XML 11 R2.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 39,946 $ 31,537
Time deposits in other financial institutions 350 350
Cash and cash equivalents 40,296 31,887
Equity securities, at fair value (Note 2) 8,288 8,492
Securities available for sale, at fair value (Note 2) 566,142 1,098,885
Securities held to maturity, at amortized cost (Note 2) 429,675 0
Federal Home Loan Bank stock 3,493 3,824
Federal Reserve Bank stock 5,064 5,064
Loans held for sale 10,628 9,351
Loans to other financial institutions 37,422 42,632
Loans (Note 3) 1,081,389 1,016,848
Allowance for loan losses (Note 3) (7,416) (7,688)
Loans, net 1,073,973 1,009,160
Premises and equipment, net 29,122 29,880
Other real estate owned, net 0 194
Cash value of life insurance policies 43,774 43,356
Goodwill 59,946 59,946
Core deposit intangible 3,358 3,962
Other assets 49,024 20,049
Total assets 2,360,205 2,366,682
Liabilities    
Deposits – noninterest-bearing 578,927 560,931
Deposits – interest-bearing 1,559,577 1,491,363
Total deposits 2,138,504 2,052,294
Borrowings 7,000 50,000
Subordinated debentures 35,140 35,017
Other liabilities 13,101 7,702
Total liabilities 2,193,745 2,145,013
Shareholders' Equity    
Preferred stock; shares authorized: 100,000; shares outstanding: none 0 0
Common stock and paid-in capital, no par value; shares authorized: 12,000,000; shares outstanding: 7,503,072 at June 30, 2022 and 7,510,379 at December 31, 2021 171,804 171,913
Retained earnings 59,728 52,332
Accumulated other comprehensive loss, net (65,072) (2,576)
Total shareholders’ equity 166,460 221,669
Total liabilities and shareholders’ equity $ 2,360,205 $ 2,366,682