XML 16 R2.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 26,212 $ 14,433
Interest-bearing deposits in other banks 56,151 11,310
Securities available for sale 313,376 360,520
Securities to be held to maturity (fair value of $377,134,000 at December 31, 2020, and $287,045,000 at December 31, 2019) 365,613 281,606
Restricted equity securities, at cost 10,545 8,982
Loans held for sale 5,855 154
Loans 1,476,761 1,297,075
Less allowance for loan losses 16,253 11,639
Net loans 1,460,508 1,285,436
Accrued interest receivable 9,298 7,167
Premises and equipment, net 27,251 21,305
Other real estate owned 908 279
Goodwill 30,646 29,805
Other assets 54,873 47,799
Total assets 2,361,236 2,068,796
Liabilities    
Demand deposits 250,219 169,777
NOW deposits 520,385 393,569
Money market deposits 163,819 161,000
Savings deposits 304,603 236,141
Certificates of deposit 605,585 689,979
Total deposits 1,844,611 1,650,466
Borrowed funds – short term 206,940 174,850
Borrowed funds – long term 55,098 10,105
Other liabilities 30,861 20,867
Total liabilities 2,137,510 1,856,288
Commitments and contingent liabilities
Shareholders' equity    
Common stock, one cent par value per share 110 109
Additional paid-in capital 65,285 63,964
Retained earnings 158,359 144,839
Accumulated other comprehensive income (loss)    
Net unrealized gain on securities available for sale 5,009 3,657
Net unrealized loss on securities transferred from available for sale to held to maturity (133) (182)
Net unrealized gain (loss) on cash flow hedging derivative instruments (4,932) 97
Net unrealized gain on postretirement costs 28 24
Total shareholders' equity 223,726 212,508
Total liabilities and shareholders' equity $ 2,361,236 $ 2,068,796
Common stock    
Number of shares authorized (in shares) 18,000,000 18,000,000
Number of shares issued (in shares) 10,950,289 10,899,210
Number of shares outstanding (in shares) 10,950,289 10,899,210
Book value per common share (usd per share) $ 20.43 $ 19.50
Tangible book value per common share (usd per share) $ 17.60 $ 16.75