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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 22,728 $ 20,634
Interest-bearing deposits in other banks 3,693 66,678
Securities available for sale 284,509 320,566
Securities to be held to maturity (fair value of $339,011,000 at December 31, 2022, and $375,327,000 at December 31, 2021) 393,896 370,040
Restricted equity securities, at cost 3,883 5,365
Loans held for sale 275 835
Loans 1,914,674 1,647,649
Allowance for loan losses 16,723 15,521
Net loans 1,897,951 1,632,128
Accrued interest receivable 9,829 7,544
Premises and equipment, net 28,277 28,949
Goodwill 30,646 30,646
Other assets 63,491 43,714
Total assets 2,739,178 2,527,099
Liabilities    
Demand deposits 318,626 334,945
NOW deposits 630,416 655,061
Money market deposits 192,632 206,901
Savings deposits 369,532 360,185
Certificates of deposit 867,671 566,205
Total deposits 2,378,877 2,123,297
Borrowed funds – short term 103,399 81,252
Borrowed funds – long term 84 55,090
Other liabilities 27,895 21,803
Total liabilities 2,510,255 2,281,442
Commitments and contingent liabilities
Shareholders' equity    
Common stock, one cent par value per share 110 110
Additional paid-in capital 68,435 66,830
Retained earnings 204,343 180,417
Accumulated other comprehensive income (loss)    
Net unrealized loss on securities available for sale (44,718) (1,718)
Net unrealized loss on securities transferred from available for sale to held to maturity (64) (87)
Net unrealized gain on cash flow hedging derivative instruments 544 0
Net unrealized gain on postretirement costs 273 105
Total shareholders' equity 228,923 245,657
Total liabilities and shareholders' equity $ 2,739,178 $ 2,527,099
Common stock    
Number of shares authorized (in shares) 18,000,000 18,000,000
Number of shares issued (in shares) 11,045,186 10,998,765
Number of shares outstanding (in shares) 11,045,186 10,998,765
Book value per common share (usd per share) $ 20.73 $ 22.33
Tangible book value per common share (usd per share) $ 17.93 $ 19.52