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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 17,883 $ 10,463
Short-term interest-earning deposits in other banks 47,016 164,686
Total cash and cash equivalents 64,899 175,149
Long-term interest-earning deposits in other banks 13,975 10,492
Debt securities available for sale, at fair value 486,836 529,811
Equity securities 411 481
Restricted stock 644 495
Loans held for sale 283 2,827
Loans 1,051,041 998,812
Allowance for loan losses (14,175) (15,066)
Net Loans 1,036,866 983,746
Premises and equipment, net 30,026 19,190
Right of use asset 6,010 4,759
Bank owned life insurance 22,311 21,874
Goodwill 9,016 9,016
Deferred tax asset, net 15,630 3,314
Other assets 12,672 12,652
Total assets 1,699,579 1,773,806
Deposits    
Noninterest-bearing checking 299,231 298,403
Money management, savings and interest checking 1,194,827 1,211,703
Time 57,390 74,253
Total deposits 1,551,448 1,584,359
Subordinated notes 19,623 19,588
Lease liability 6,144 4,857
Other liabilities 8,167 7,937
Total liabilities 1,585,382 1,616,741
Commitments and contingent liabilities
Shareholders' equity    
Common stock, $1 par value per share,15,000,000 shares authorized with 4,710,972 shares issued and 4,390,397 shares outstanding at December 31, 2022 and 4,710,972 shares issued and 4,441,443 shares outstanding at December 31, 2021 4,711 4,711
Capital stock without par value, 5,000,000 shares authorized with no shares issued and outstanding
Additional paid-in capital 43,535 43,085
Retained earnings 125,892 116,612
Accumulated other comprehensive (loss) income (51,287) (547)
Treasury stock, 320,575 shares at December 31, 2022 and 269,529 shares at December 31, 2021, at cost (8,654) (6,796)
Total shareholders' equity 114,197 157,065
Total liabilities and shareholders' equity $ 1,699,579 $ 1,773,806